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The Central Bank of Nigeria (CBN) has dismissed rumors that old N200, N500, and N1,000 banknotes will cease to be legal tender by...
The Central Bank of Nigeria’s Monetary Policy Committee has increased the monetary policy rate (MPR) to 27.25%, a 50 basis point hike from...
The Central Bank of Nigeria (CBN) has allowed next-of-kin, legal representatives, or beneficial owners to claim unclaimed balances in dormant accounts. The CBN...
The Central Bank of Nigeria (CBN) has taken decisive action to combat soaring inflation, raising the benchmark lending rate to 26.75% at the...
The Central Bank of Nigeria (CBN) has mandated banks and other financial institutions to transfer unclaimed balances and funds from dormant accounts to...
The Nigeria Deposit Insurance Corporation has been appointed as the liquidator of Heritage Bank, following the Banks and Other Financial Act 2020. This...
The Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points, from 24.75% to 26.25% This decision was made...
The Federal High Court in Lagos has affirmed a new regulation by the Central Bank of Nigeria (CBN) requiring financial institutions to collect...
The Central Bank of Nigeria (CBN) has issued a directive to banks, instructing them to suspend charges on cash deposits until September 30,...