DAILY POST recalls that on June 3, the Central Bank of Nigeria revoked the license of Heritage Bank over weak financial stability. The NDIC, acting as the liquidator of Heritage Bank, will oversee ...

HOUSTON, Oct. 31, 2024 /PRNewswire/ -- The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), Nigerian banks, and International Money Transfer ...

As the country approached independence, the Central Bank of Nigeria was founded, on 1st July 1959. According to Section 4 of the 1958 CBN Ordinance, one of the principal objectives of the bank is ...

The Central Bank of Nigeria (CBN) has dismissed reports suggesting that the old series of the N200, N500, and N1,000 banknotes will cease to be legal tender by the end of this year. This is ...

Nigeria's central bank is prepared to use "whatever tools at our disposal" to manage inflation, its central bank chief Olayemi Cardoso said on Tuesday. Inflation in Africa's most populous country rose ...

The Central Bank of Nigeria, which supervises the country’s 25 commercial banks, has given them until March 2026 to meet new capital requirements. Those with international operations are ...

The Central Bank of Nigeria has announced that there is no deadline on the circulation of old N200, N500 and N1000 bank notes. The spokesperson of CBN, Sidi Ali Hakama disclosed this in a ...

The House of Representatives, on Thursday, urged the Central Bank of Nigeria to commence the gradual withdrawal of old naira notes and make available to Nigerians new notes in N200, N500 ...

Abuja—The Governor of Central Bank of Nigeria, CBN, Olayemi Cardoso, said yesterday that the country’s foreign reserves rose by 12.74 per cent to $39.12 billion as at October 11. He also said ...

Given these promising results, the report argues that the new direction of macroeconomic policies should be sustained, including the Central Bank of Nigeria’s appropriately tight monetary policy ...

The Central Bank of Nigeria, CBN said that the nation’s external reserves has risen to $40.2 billion as at October 18, 2024. Deputy Governor, Economic Policy, Mr. Muhammed Andullahi ...

To protect depositors' money from hackers, the Central Bank of Nigeria (CBN) has This urged banks in the nation to invest heavily in cybersecurity. The governor of the CBN, Olayemi Cardoso said ...