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Emefiele: Nigeria’s 15trn infrastructure company will be unveiled in October

    Emefiele: Nigeria’s 15trn infrastructure company will be unveiled in October

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the Infrastructure Corporation of Nigeria (Infra-Co) will be unveiled in October 2021. He disclosed this in his address at

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Desist from forex malpractices or face suspension, CBN warns banks

The Central Bank of Nigeria (CBN) has warned that banks involved in any form of foreign exchange (FX) malpractice risk their FX operational licence being suspended for at least one

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Report: CBN to inject more dollars in banks to increase FX supply

    Report: CBN to inject more dollars in banks to increase FX supply

The Central Bank of Nigeria (CBN) says it will pump more dollars to authorised banks on Friday to boost foreign exchange (FX) supply in the economy.  According to ThisDay, senior

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CBN asks banks to strengthen operational capacity ahead of eNaira rollout

The Central Bank of Nigeria (CBN) has asked deposit money banks to strengthen their operational capacity to effectively harness the opportunities of its soon-to-be launched digital currency, eNaira. Folashodun Shonubi,

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Don’t sell FX to customers not travelling abroad, EFCC warns banks

  Don’t sell FX to customers not travelling abroad, EFCC warns banks

The Economic and Financial Crimes Commission (EFCC) has warned banks against selling foreign exchange (FX) to customers with no intention

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Investigate your customers’ source of income, EFCC tells banks

  Investigate your customers’ source of income, EFCC tells banks

The Economic and Financial Crimes Commission (EFCC) has asked banks to investigate the source of income of their customers.  Abdulrasheed

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CBN asks banks to block accounts of 18 companies

The Central Bank of Nigeria (CBN) has directed banks to place a post-no-debit on the bank accounts of 18 companies.

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EFCC asks banks to report fraudulent election financing, forex malpractices

  EFCC asks banks to report fraudulent election financing, forex malpractices

Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC), has asked banks to collaborate with the agency in

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Two feared dead as gunmen attack banks in Osun

  Two feared dead as gunmen attack banks in Osun

Two persons have been reportedly killed in Osun, following an attack by gunmen on two banks in the state on

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Manufacturers to banks: Don’t hoard forex… comply with CBN’s directive

  Manufacturers to banks: Don’t hoard forex… comply with CBN’s directive

The Manufacturers Association of Nigeria (MAN) has asked commercial banks to comply strictly with the Central Bank of Nigeria (CBN)

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