Nigeria Inter-Bank Settlement System (NIBSS) has directed banks to disconnect all non-deposit financial institutions from its transfer list. The NIBSS gave this directive to...
Some banks with international authorisation have a capital adequacy ratio below the regulatory threshold, according to Central Bank of Nigeria (CBN). The banking regulator...
Central Bank of Nigeria (CBN) says beginning from April 2024 , it will freeze accounts without a Bank Verification Number (BVN) or National Identification...
High Court of Justice in the Federal Capital Territory (FCT) has ordered the immediate and unconditional release of the immediate-past Governor of the Central...
Central Bank of Nigeria (CBN) has delivered over 75 percent to 80 percent of outstanding matured FX forwards in banks. Isah Abdulmumin, spokesperson of...