BREAKING: CBN Orders Banks to Make Old Naira Notes Available
The Central Bank of Nigeria (CBN) has instructed commercial banks in the country to retrieve old naira notes they deposited in its branches and make same available to Nigerians. The…
Why DSS Arrested Godwin Emefiele, Suspended CBN Governor
The Department of State Services (DSS) on Friday, arrested Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria, CBN. Daily Report Nigeria reports that Emefiele's was suspended as…
BREAKING: FG Files Fresh 20 Charges Against Emefiele
The Federal Government has filed a fresh 20-count charge against Godwin Emefiele, the former Governor of the Central Bank of Nigeria, CBN. Daily Report Nigeria reports that the charges were…
Moghalu Cautions Senate Over Proposed CBN Act Amendment
The National Assembly has been urged to tread with caution in its planned review of the CBN Act 2007 (as amended). The call was made by a Former deputy governor…
CBN Revokes 4,173 BDC Operational Licences
The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) Operators due to their non-compliance with regulatory guidelines. CBN'S action was officially communicated in…
Cybersecurity threats: CBN to introduce new regulations to protect financial sector
The Central Bank of Nigeria (CBN) has expressed its commitment to developing and implementing additional policies aimed at addressing cybersecurity threats in the country's financial sector. This announcement was…
Nigerians to Pay Reduced Cybersecurity Levy on Electronic Transactions
Nigerians will soon face a reduced cybersecurity levy of 0.005% on all electronic transactions, as announced by the Central Bank of Nigeria (CBN). This follows a significant backlash earlier this…
CBN Warns Against Fake SWIFT Messages, Clarifies Role in Foreign Payments
The Central Bank of Nigeria (CBN) has issued a strong warning against the use of fraudulent SWIFT messages, clarifying that it does not provide correspondent banking services for Nigerian banks…
CBN Approves CFA Franc Listing on Nigeria Export Proceeds Forms
CBN has approved the inclusion of the CFA Franc on Nigeria Export Proceeds (NXP) forms. The approval is expected to boost trading and facilitate the repatriation of export proceeds. The…
Breaking: Nigeria Bans Cryptocurrencies, Orders Banks to Close Accounts of Traders
The Central Bank of Nigeria (CBN) has ordered banks and other financial institutions to close customer accounts used in trading cryptocurrencies and other related transactions. In a circular making the…