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Tag "Central Bank of Nigeria (CBN)"

Banks to pay N1m fine daily over failure to collect redesigned naira notes, says CBN

    Banks to pay N1m fine daily over failure to collect redesigned naira notes, says CBN

The Central Bank of Nigeria (CBN) says any commercial bank that fails to pick up the new naira notes for distribution will be fined N1 million daily. Adeleke Adelokun, a

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Naira slides to N748/$ at parallel market

    Naira slides to N748/$ at parallel market

The naira has dropped to N748 per dollar at the parallel section of the foreign exchange (FX) market, popularly called the black or street market. The figure represents a depreciation

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EXCLUSIVE: CBN, FAAC at loggerheads over probe of federation revenue accounts

    EXCLUSIVE: CBN, FAAC at loggerheads over probe of federation revenue accounts

Federation Account Allocation Committee (FAAC) says the Central Bank of Nigeria (CBN) has disregarded its invitations to answer questions on revenues moved to the federation account between January 2006 and

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N2.1bn judgment debt: Processes filed to set aside garnishee order, says Polaris Bank

  N2.1bn judgment debt: Processes filed to set aside garnishee order, says Polaris Bank

Polaris Bank says it is yet to receive a garnishee order directing the Central Bank of Nigeria (CBN) to take

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CBN to penalise banks that fail to load new naira notes in ATMs

  CBN to penalise banks that fail to load new naira notes in ATMs

The Central Bank of Nigeria (CBN) has threatened to penalise commercial banks who fail to comply with the directive of

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World Bank: FG’s interest payment on CBN loans to gulp 62% of revenue by 2027

  World Bank: FG’s interest payment on CBN loans to gulp 62% of revenue by 2027

The World Bank says interest payments on the federal government’s borrowing from the Central Bank of Nigeria (CBN) will gulp

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CBN: Over 6,000 BVNs linked to fraudulent transactions in Q1 2022 under watch

  CBN: Over 6,000 BVNs linked to fraudulent transactions in Q1 2022 under watch

The Central Bank of Nigeria (CBN) says it placed over 6,000 bank verification numbers (BVN) of customers under watchlist for

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Telecoms Q3 report, vehicle insurance rates hike… 7 business stories to track this week

  Telecoms Q3 report, vehicle insurance rates hike… 7 business stories to track this week

Here are the seven top business news you need to track this week — December 26 to December 30. CBN’S

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Naira redesign, cash withdrawal limit… most debated economic policies of 2022

  Naira redesign, cash withdrawal limit… most debated economic policies of 2022

2022 was a year of economic uncertainty for Nigeria with its prospects for growth dampened by the Russia-Ukraine war, lower-than-expected

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