CBN

The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by…
Read More...

The Central Bank of Nigeria has commenced profiling the chairmen and signatories to the bank accounts of the 774 local government areas…
Read More...

The Central Bank of Nigeria has eliminated the three free monthly withdrawals previously allowed for customers using other banks’ ATMs.…
Read More...

The Central Bank of Nigeria (CBN) has announced a review of transaction fees for automated teller machines (ATMs) across the country. The revision effectively eliminates the…
Read More...

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that without the bank’s policy interventions, inflation would…
Read More...

The governor of the Central Bank of Nigeria, Olayemi Cardoso has said the bank’s foreign reserves grew significantly by $6bn in 2024 alone, attributing the growth to the policy…
Read More...

First City Monument Bank (FCMB) has appointed Felicia Obozuwa as executive director, Corporate Services and Service Management, following approval from the Central Bank of…
Read More...

The Central Bank of Nigeria has sanctioned nine Deposit Money Banks with fines totalling N1.35bn for failing to ensure cash availability…
Read More...

The Central Bank of Nigeria (CBN) has sanctioned nine Deposit Money Banks (DMBs) with a cumulative fine of ₦1.35 billion for failing to dispense naira notes through Automated…
Read More...

Central Bank of Nigeria (CBN) has introduced a non-resident Nigerian Investment Account (NRNIA) and Non-Resident Nigerian Ordinary Account (NRNOA) to manage funds (both in…
Read More...