By Chioma Obinagwam …as disposed notes hit 49.68% of total currency in circulation As part of efforts to improve currency operations management in the country, Nigeria’s apex
…as CBN investigates matter A Federal High Court in Abuja has ordered the temporary freezing of 45 bank accounts belonging to three companies allegedly involved in smuggling
Nigeria’s apex bank, Central Bank of Nigeria (CBN) has said the country’s financial inclusion rate stood at 63.2 per cent in 2018. The bank said this
What are Treasury Bills? Treasury Bills are government guaranteed debt instruments issued by CBN on their behalf to finance expenditure. The CBN also uses treasury bills to
The Central Bank of Nigeria (CBN) has deducted a total of N499,175,535,097 from the accounts of 12 banks under its supervision, over their failure to meet the
By Chioma Obinagwam Managing Director/Chief Eexecutive Officer (MD/CEO), Heritage Bank, Mr. Ifie Sekibo, has stressed the need for the federal government to work towards creating a credible
The Central Bank of Nigeria (CBN) has mandated commercial banks to stop lending to firms without Tax Identification Number (TIN) and individuals not having Bank Verification Number
The Central Bank of Nigeria (CBN) and commercial banks in the country have agreed that loan defaults will be settled using deposits made in other banks. Addressing
Nigeria’s apex bank, Central Bank of Nigeria (CBN) has set out guidelines on the minimum standards expected from financial institutions on consumer protection disclosure and transparency. The
By Chioma Obinagwam Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has injected the sum of $210 million into Nigerian Inter-Bank Foreign Exchange (Forex) market following