Tag: Cbn
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The CBN is considering increasing banks’ capital base to N900 billion, as per a recent report
A recent report suggests that the Central Bank of Nigeria might instruct commercial banks with international banking licenses to increase their capital base to...
ACF expresses opposition to the transfer of CBN units and FAAN headquarters to Lagos
The Arewa Consultative Forum strongly criticizes the President Bola Tinubu-led administration's decision to relocate key departments of the Central Bank of Nigeria and the...
Over a six-month period, CBN reported that expenditures on overseas medical and school bills amounted to $1.58 billion
Nigerians channeled $1.58 billion into health tourism, foreign education, and personal expenditures in the first half of 2023, as per data from the Central...
CBN reverses prohibition on cryptocurrency transactions
The Central Bank of Nigeria has changed its stance on crypto assets in the country and asked banks to disregard its earlier ban on...
Banks collaborating with Point of Sale (PoS) operators to interfere with the circulation of the naira, according to the CBN
The Central Bank of Nigeria has issued a caution to Point-of-Sale (PoS) operators regarding cash availability, citing a collusion between some Deposit Money Banks...
