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CBN bans forex for maize importation

Banks have been directed to stop processing Forms M for the importation of maize with immediate effect. The Central Bank of Nigeria (CBN) who...

CBN directs Banks to resolve backlog of electronic transactions within 2...

Banks have been directed to resolve all backlog issues relating to failed Automated Teller Machine, Point of Sale terminal and other electronic banking transactions...

CBN revises timelines for dispense errors, refund complaints

The Central Bank of Nigeria (CBN) has revised timelines for reversals and/or resolution of refund complaints on electronic channels. The revised timelines will take...

CBN cuts MPR to 12.5 percent, retains other rates

The Central Bank of Nigeria on Thursday reduced its monetary policy rate to 12.5 percent as part of efforts to combat the economic effects...

CBN Governor, Emefiele woos conglomerates ahead of Post-COVID-19 Economy

The Central Bank of Nigeria (CBN) has given conglomerates the green light to source for alternative sources of foreign exchange. Addressing Chief Executive Officers (CEOs)...

CBN, NNPC to take care of accommodation and feeding of returnees...

The Minister of foreign affairs Geoffrey Onyeama on Monday May 18, announced that the Central Bank of Nigeria (CBN) and Nigerian National Petroleum Corporation...

Go back to your Labs, develop Nigerian vaccine, we will fund...

The Central Bank of Nigeria has called on Nigerians to head to the laboratories in order to research a vaccine for the novel coronavirus...

JUST IN: Stop the retrenchment now, CBN orders Banks

The Central Bank of Nigeria, CBN, has ordered banks to stop any form of retrenchment of workers now. Isaac Okorafor Director, Corporate Communications, CBN, said...

COVID-19: CBN told to withdraw old naira notes from circulation

The Association of Progressive Nigerians has appealed to the Central Bank to withdraw old and tattered naira notes from circulation as the country is...

CBN lifts suspension on cheque clearing

The suspension placed on cheque instruments in the Nigerian clearing system has been lifted by the Central Bank of Nigeria, and will henceforth be...

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