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- Business Inside
External Reserves Hit Six-Year High, Surging Past $45 Billion
Nigeria’s external reserves have surged past the critical $45 billion mark, reaching a level not seen in six years and…
Read More » - Banking & Finance
CBN Disowns Microfinance Bank operating in 4 States, Declares it Illegal
The Central Bank of Nigeria (CBN) has issued a stern warning to the public, disowning Zuldal Microfinance Bank Limited and…
Read More » - Banking & Finance
Fourteen Nigerian Banks Meet New Capital Requirement, CBN Assures Stability
Abuja, Nigeria — The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, announced that 14 Nigerian banks have now met…
Read More » - Banking & Finance
CBN, NIBSS Bridge the Gap: Diaspora Nigerians Can Now Obtain BVN Remotely
ABUJA, NIGERIA – In a significant move aimed at enhancing financial inclusion and connecting with its global citizens, the Central…
Read More » - News
Boss Mustapha says Emefiele forged documents used to pay foreign observers $6.2m
Former Secretary of the Government of the Federation, Boss Mustapha, said on Tuesday that $6.2m was released from the Central…
Read More » - Banking & Finance
Old, new naira notes remain legal tender – CBN
The Central Bank of Nigeria has instructed all its branches nationwide to continue issuing various denominations of both old and…
Read More » - Banking & Finance
CBN data shows currency outside banks rises to N2.2 Trillion, as Cardoso plans to end some policies of Emefiele
Data from the Central Bank of Nigeria (CBN) shows that currency outside banks increased monthly by N90 billion to N2.29…
Read More » - Banking & Finance
CBN takes action, orders debit of defaulters as GTB, First Bank, 2 others record N478 billion in bad loans
Guarantee Holding Company Plc, FCMB, Fidelity Bank, and FBN Holdings all faced significant issues with non-performing loans in the first…
Read More » - Crime
Federal Government seeks to file fresh charges against Emefiele, as fire arms charge is withdrawn
The Federal Government is seeking to withdraw the charge of illegal possession of firearms filed against Godwin Emefiele, the suspended…
Read More » - Business Inside
Customers to provide more information to Banks following new CBN order
The Central Bank of Nigeria (CBN) has issued regulations mandating financial institutions to gather additional customer information, including social media…
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