Tag: CBN
CBN Naira abuse Act: 17 years after, Apex bank goes after defaulters
17 years after enactment of CBN Naira Abuse Act, Apex bank goes tough on defaulters EFCC hands down…
CBN allegedly freezes Sunday Igboho’s bank accounts
Chief Sunday Adeyemo popularly known as Sunday Ighoho has revealed that his bank accounts have been frozen by…
Moghalu condemns CBN’s reason for banning cryptocurrency transactions
Kingsley Moghalu, former deputy governor of the Central Bank of Nigeria (CBN) has condemned the apex bank's reason…
CBN explains why cryptocurrency transactions were banned
Following its ban on cryptocurrency-related transactions in the country, the Central Bank of Nigeria has explained why it…
Police bust fake CBN investment syndicate
In a joint operation, members of Lagos and Edo state commands of Nigeria Police Force have nabbed the…
FG to borrow N5.6tr for financing of budget
The Federal Government is to borrow N5.6 trillion from domestic and foreign sources to support the implementation of…
Banks tighten lending conditions as loan defaults worsen
Banks have resolved to further tighten lending conditions in the first quarter of next year (Q1’21) following continued…
Banks borrow N1.7tn from CBN in three months
Deposit Money Banks borrowed N1.7tn from the Central Bank of Nigeria in the third quarter of 2020. The…
CBN withdraws operating licenses of 42 microfinance banks (Full List)
The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs). The affected…
Nigeria needs more currency reform to access $1.5bn loan, says World Bank director
World Bank country director for Nigeria, Shubham Chaudhuri has stated that Nigeria needs more monetary reform in order…
CBN begs court not to unfreeze #EndSARS campaigners’ accounts
The Central Bank of Nigeria has asked Justice Ahmed Mohammed of a Federal High Court in Abuja not…
Court okays suit asking CBN to account for COVID-19 donations
A federal high court in Abuja has granted leave to two groups seeking to compel the Central Bank…