The Central Bank of Nigeria (CBN) has reviewed downward electronic transfer and ATM fees as well as card maintenance fees. The new charges were contained in the latest Guide to Charges by Banks and Other Financial Institutions just released by Read more
resident Muhammadu Buhari has nominated Godwin Emefiele for a second term as governor of the Central Bank of Nigeria (CBN). Emefiele was first appointed in 2014 by former president Goodluck Jonathan and was retained when Buhari came to office in Read more
Access Bank has finally acquired Diamond Bank. According to insiders, the official announcement of the transaction will be made in the course of the week by the Central Bank of Nigeria (CBN). The acquisition was midwifed by the CBN in Read more
The Senate has urged the Central Bank of Nigeria (CBN) to look into the suspension of the Automated Teller Machine (ATM) maintenance and withdrawal charges by banks. This was after a motion on “illicit and excessive charges by Nigerian banks Read more
Nigeria’s foreign reserves have continued to grow significantly with latest figures by the Central Bank of Nigeria (CBN) at about $47.37 billion as at April 5. The new figures rose from about $46.2 billion realised at the end of March. Read more
The Central Bank of Nigeria says Nigeria’s External Reserves is steadily growing and currently stands at $46bn. CBN Spokesman, Isaac Okoroafor, said in a statement on Sunday that the reserves grew by about $3.2bn between February and March 2018. He Read more
The Central Bank of Nigeria says it has formed strategic partnerships with agricultural commodity associations in the country in its effort to expand the implementation of the Anchor Borrowers’ Programme. The Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, Read more
Nigeria’s Forex reserves have appreciated by 1.12 billion dollars in the last one month, boosted by a rally in oil prices and a relatively stable foreign exchange market. Data from the central bank shows an increase in the reserves from Read more
The Federal Government of Nigeria has secured an interim court order to freeze all accounts – corporate and individual – without Banks Verification Numbers. The order was given by Justice Nnamdi Demgba of the Federal High Court in Abuja on Read more
President Muhammadu Buhari has forwarded the name of Mrs Aishah Ahmad to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria, CBN. Mrs Ahmad is expected to replace former CBN Deputy Governor, who retired early in Read more