A federal high court in Lagos has set aside the decision by the Central Bank of Nigeria (CBN) to dissolve the board and management of...
The Central Bank of Nigeria (CBN) has directed all international money transfer operators (IMTOs) to open naira settlement accounts and process all remittance transactions through...
Thirty-four banks in Nigeria have met new minimum capital requirements set by the Central Bank of Nigeria (CBN), with eight days remaining before the March...
The Central Bank of Nigeria (CBN) has announced new measures giving bank customers greater control over Instant Payments (IP), the electronic transfer service widely used...
Nigeria’s central bank has introduced new rules governing Bank Verification Number (BVN) operations as part of efforts to strengthen fraud monitoring across the banking system....
The Central Bank of Nigeria (CBN) has confirmed that 30 banks have met the minimum capital requirements introduced in March 2024. In a statement...
Henry Omoile, a co-defendant in the alleged $4.5 billion fraud case involving former Central Bank of Nigeria governor Godwin Emefiele, told a Lagos court that...
The Central Bank of Nigeria (CBN) has imposed a N10 million fine on commercial banks that engage unaccredited cheque printers or personalizers, with the additional...
The Central Bank of Nigeria (CBN) has warned that arranging banknotes into “money bouquets” amounts to abuse of the naira, placing the practice alongside offences...
Banks will begin charging senders a N50 stamp duty on electronic transfers of N10,000 and above from January 1, 2026, following the implementation of the...