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…
The Central Bank of Nigeria (CBN) has retrenched nearly 200 employees across various departments in a bank-wide restructuring exercise. The latest round of job cuts across several departments, including: Human…
The CBN has updated its regulatory guidelines for Bureau De Change operators in Nigeria. After consulting with stakeholders, the following changes were made: The mandatory caution deposit of N200m for…
The Central Bank of Nigeria has directed all existing Bureau De Change Operators to re-apply for new licences in their preferred category. This was announced on Wednesday in a circular…