CBN revokes Heritage Bank licence for poor financial performance
The Central Bank of Nigeria (CBN) has revoked the license of Heritage Bank PLC with immediate effect. The apex bank…
CBN
Again, CBN raises benchmark interest rate to 26.25%
The Central Bank of Nigeria (CBN) has increased the benchmark interest rate by 150 basis points to 26.25% from 24.75%. …
Court okays CBN’s regulation on collection of customers’ social media handles
The Federal High Court sitting in Lagos has held that a Central Bank of Nigeria (CBN) regulation, which requires financial…
SERAP, BudgIT, 136 Nigerians sue Tinubu govt over cybersecurity levy
The Socio-Economic Rights and Accountability Project (SERAP), BudgIT and 136 concerned Nigerians have filed a lawsuit before a Federal high…
CBN gives POS operators July 7 ultimatum to register with CAC
The Central Bank Of Nigeria (CBN) has given Point of Sales (PoS) operators July 7 deadline ultimatum to complete registration…
CBN exempts 16 items from 0.5% cybersecurity levy
The Central Bank of Nigeria (CBN) has exempted 16 items from the 0.5 per cent Cybersecurity levy on all electronic…
How I collected $3m cash for Emefiele – Star witness
A star prosecution witness and Central Bank of Nigeria (CBN) employee, Mr Monday Osazuwa, on Friday told an Ikeja Special…
CBN sacks another 50 officials
Fifty officials have been sacked from their positions in the Central Bank of Nigeria (CBN) by Governor Olayemi Cardoso. The…
BREAKING: Again, CBN sells $10,000 to BDCs at N1,101/$
The Central Bank of Nigeria has again announced the sales of dollars to Bureau De Change operators. It disclosed this…
CBN’s New Policy on Banks’ Capital Base: Access Holdings moves to raise $1.5bn fresh capital
Access Holdings Plc, one of Africa’s leading financial groups, has unveiled plans to establish a Capital Raising Programme of up…