The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to implement multi-factor authentication for transactions involving foreign-issued payment cards as part of fresh measures to strengthen security and improve user experience across the country. The directive Read more…
The House of Representatives on Thursday threw its weight behind a bill seeking to prohibit the use of foreign currency for domestic transactions and amend major sections of the Central Bank of Nigeria (CBN) Act. The bill, jointly sponsored by Read more…
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, on Tuesday announced that the nation’s foreign reserves have surpassed $46 billion, marking the highest level recorded since 2018. Naija News reports that Cardoso, represented by the Deputy Governor Read more…
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks and other financial institutions to refund customers within 48 hours for failed Automated Teller Machine (ATM) transactions, in a sweeping reform aimed at restoring public confidence in the banking Read more…
Nigerian bank customers have continued to express frustration over what they describe as unauthorised and excessive debits from their accounts, calling on the Bank Customers Association of Nigeria (BCAN) and the Central Bank of Nigeria (CBN) to step in and Read more…
The Central Bank of Nigeria (CBN) has resolved to maintain the Monetary Policy Rate (MPR) at 27.5 per cent, as part of its strategy to consolidate gains in the fight against inflation and stabilise the economy. Naija News reports that Read more…
Money laundering, Nigerian Police Force, report, CBN. Sterling Bank
Release Emefiele Immediately, Unconditionally – Court Orders EFCC | READ MORE The Federal Capital Territory High Court has ordered the unconditional and immediate release of the former Governor of the Central Bank of Nigeria, Godwin Emefiele. Justice O.A. Adeniyi made Read more…
The Speaker of the House of Representatives Rt. Hon. Abbas Tajudeen, Ph.D, has commended President Bola Ahmed Tinubu for the calibre of persons he has appointed to manage the affairs of the Central Bank of Nigeria (CBN). While describing the Read more…
Dr. Olayemi Cardoso President Bola Tinubu has approved the nomination of Olayemi Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN) for a term of five years at the first instance, pending his confirmation by Read more…