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The Central Bank of Nigeria clarifies its powers under BOFIA 2020, setting a two-day limit for contract suspensions during troubled bank resolutions. This Read More: https://punch...
• Warns rejection violates CBN Act, undermines confidence in national currency James Emejo in Abuja Central Bank of Nigeria (CBN), yesterday, reaffirmed that the standard N100 ban...
* Commencement of operations expected in Q4, 2026 Abbey Mortgage Bank Plc, one of Nigeria’s leading and longest-standing primary mortgage banks, has officially received regulatory...
The guidelines seek to establish clear operational and functional boundaries among closely linked entities in the financial system. The post CBN proposes regulation to ring-fence o...
The microfinance sector deserves better attention In line with Sections 12 and 13 of the Banks and Other Financial Institutions Act (BOFIA), 2020, the Central Bank of Nigeria (CB...
The statement further indicated that the revocation was approved by CBN governor, Olayemi Cardoso, following the banks’ failure to meet the regulatory requirements for continued op...
CBN warned that such action constitutes a violation of the provisions of the CBN Act and undermines confidence in the national currency. The post CBN warns against rejection of N10...
The Central Bank of Nigeria has cancelled the operating licences of 46 microfinance banks following widespread regulatory breaches and financial instability concerns.
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks over their failure to meet regulatory requirements for continued operations. The apex...
CBN has proposed new rules to separate banks, fintechs and related financial entities. NewsOnline Nigeria reports that the Central Bank of Nigeria (CBN) has unveiled draft guidel...
The CBN noted that the overhaul is necessary after years of implementing the existing framework introduced in 2014 to mitigate the risks arising from the conduct of non-core bankin...
Behind the CBN’s calm rate pause lies rising fear over inflation, political spending, and economic stability, writes Festus Akanbi The Central Bank of Nigeria’s (CBN) decision to r...
The CBN said the decision became necessary because of one or more regulatory breaches committed by the affected institutions. The post JUST IN: CBN revokes licences of 46 microfina...
“In addition, pursuant to he resolution of shareholders at the extra-ordinary general meeting of the bank held on Friday, 24th January 2025, the name of the bank has been changed f...
The Central Bank of Nigeria (CBN) has revoked the operating licenses of forty-six (46) Microfinance Banks with effect f
…Proposes strict limits on shared directors, staff, technology platforms and intra-group funding Nume Ekeghe The Central Bank of Nigeria (CBN) has unveiled sweeping proposals aime...
The decision comes after the central bank earlier reduced the Monetary Policy Rate (MPR) by 50 basis points in February, bringing it down from 27 per cent, a level it had held stea...
The Central Bank of Nigeria has launched an ambitious strategy aimed at expanding financial inclusion, strengthening digital payments, and accelerating the country’s transition tow...
The Central Bank of Nigeria has issued a sweeping directive to banks and financial institutions following fresh sanctions targeting individuals and companies accused of links to te...
The Central Bank of Nigeria has extended the enforcem
James Emejo in Abuja Leading investment research firm, Zrosk Investment Management, has cautioned that the Central Bank of Nigeria (CBN)’s proposed overhaul of the Financial Holdin...
CBN has revoked the operating licences of 46 Microfinance Banks across Nigeria. NewsOnline Nigeria reports that the Central Bank of Nigeria (CBN) has revoked the operating licences...
The ministry will regulate CBN as a designated drug under the pharmaceutical and medical devices law through a revision of a relevant ordinance.
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