CBN Revokes Licenses of 132 Microfinance Banks, Others
The Central Bank of Nigeria (CBN) has revoked the operating licenses of 132 microfinance banks across the country. The apex bank also revoked the licenses of 4 primary mortgage banks…
CBN Revokes 2,698 BDC Licenses
The Central Bank of Nigeria (CBN) has revoked the licenses of 2,698 Bureau de Change (BDC) dealers following the continuous fall of naira. Daily Report Nigeria reports that the CBN…
Yemi Cardoso: Meet New CBN Governor With Brazilian Roots, Tinubu’s ex-Commissioner
Ace banker, Dr. Yemi Cardoso was on Friday appointed Governor of the Central Bank of Nigeria. Cardoso's appointment is pending on screening and confirmation by the Nigerian Senate. With parents…
BREAKING: CBN Appoints Directors For Polaris, Union, Keystone, Banks
The Central Bank of Nigeria has appointed new executive directors to oversee the affairs of Polaris, Union, and Keystone banks. Daily Report Nigeria reports that the development swiftly followed the…
CBN Bans Moniepoint, Opay, Kuda, Others from Accepting New Customers
The Central Bank of Nigeria (CBN) has imposed a ban on several microfinance banks, including Moniepoint, Opay, and Kuda, from accepting new customers and opening new accounts. Moniepoint, Opay, and…
CBN Revives Key Economic Reports, Boosts Transparency
The Central Bank of Nigeria has announced the reintroduction of several key economic reports, including the Purchasing Managers' Index, Business Expectation Survey, and Inflation Expectation Report, in a bid to…
Reps Criticize CBN Over Confusion Surrounding Old Naira Notes
The Labour Party Caucus Leader in the House of Representatives, Afam Ogene, has condemned the Central Bank of Nigeria (CBN) for its ambiguous stance regarding the validity of both old…
CBN Confirms Exit Of 1000 Staff Voluntarily In December 2024
Olayemi Cardoso, has said that the 1000 staff members who left the institution in December 2024 did so voluntarily. He made the clarification on Friday during an investigative hearing by…
CBN Orders Banks to Pay 10% Interest on Savings Deposit
The Central Bank of Nigeria (CBN) has ordered banks to pay 10% of it’s Monetary Policy Rate (MPR) as the minimum interest rate on savings deposit henceforth. The MPR is…
eNaira Will Boost Cross-Border Trade – CBN
Rakiya Mohammed, CBN director of information technology has explained the economic implications and importance of a centralised and regulated digital currency in the country. Last month, the CBN said it…