The Central Bank of Nigeria (CBN) has raised the alarm over the increasing transaction volumes of Non-Bank Financial Institutions (NBFIs) and Other Financial Institutions (OFIs) which he said posed major…
The Central Bank of Nigeria has issued updated guidelines to Deposit Money Banks concerning the deposit of foreign currency notes. This directive was detailed in a circular issued by the…
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says inflationary pressure has started dropping as a result of the central bank’s policy measures, which aim to reduce the…
The Central Bank of Nigeria has reported a $172m increase in direct remittances in one month. The latest CBN data analysed by DECENCY GLOBAL NEWS showed that the remittances totalled…
Nigeria’s monthly inflation rate has slowed for the third consecutive month, indicating the effectiveness of the Central Bank of Nigeria’s monetary policy tightening measures. The CBN highlighted this in a…
The Central Bank of Nigeria (CBN) has refuted allegations that it is contemplating the revocation of operating licences for Fidelity, Polaris, Wema, and Unity Banks. This clarification came amidst concerns…
The Central Bank of Nigeria (CBN) has described as false allegations that it plans to withdraw the licenses of three additional banks namely, Unity, Polaris and Keystone. The Bank had…
The Central Bank of Nigeria (CBN) has revoked the license of Heritage Bank Plc with immediate effect. This decision, it said, was to maintain a stable and healthy financial system…
The International Air Transport Association has confirmed that the Central Bank of Nigeria has cleared foreign airlines trapped funds worth $831m from June last year to date. The Geneva, Switzerland-based…
The House of Representatives on Wednesday resolved to look into the circumstances that led to the recent sacking of about 600 staff members of the Central Bank of Nigeria. The…