Tag: Central Bank of Nigeria (CBN)
CBN launches compliance unit to tackle financial risks
The Central Bank of Nigeria (CBN) has unveiled a dedicated Compliance Department, a move that underscores its determination…
Nigerian Banks face dividend freeze over forbearance exposure – Rencap report
A newly released report by Renaissance Capital has highlighted growing concerns over the financial health of several major…
CBN issues new BDC guidelines and licensing requirements
The Central Bank of Nigeria (CBN) has issued new operational guidelines for Bureau De Change (BDC) entities nationwide…
Nigeria’s ex-Gov of CBN Emefiele says investigator Obazee’s reports are false, malicious
Special to USAfrica magazine (Houston) and USAfricaonline.com, the first African-owned, US-based newspaper published on the Internet. After the deluge…
CBN suspends fees on large cash deposits
The Central Bank of Nigeria has recently issued a new directive to instruct all banks, financial institutions, and…
CBN to allow old and redesigned naira notes to coexist as legal tender across the country
The Central Bank of Nigeria (CBN) has instructed all of its branches to keep printing sufficient amounts of…
Acting CBN governor and deputy faces court charge over refusal to declare assets
USAfricaonline.com gathered that the acting Governor of the Central Bank of Nigeria (CBN) Mr. Folashodun Shonubi and his…