The Central Bank of Nigeria (CBN) has launched a major overhaul of the Agricultural Credit Guarantee Scheme Fund (ACGSF), unveiling a new strategic direction aimed at expanding credit access to smallholder farmers …
CBN Revamps Agric Guarantee Scheme, Targets Smallholder Farmers Read More
A new policy of the Central Bank of Nigeria on agent banking may push about 40 per cent Point-of-Sale operators out of business. The National President of the Association of Mobile …
How New CBN Policy May Turn 40 percent PoS Operators Jobless – Agents Lament Read More
The Governor of the Central Bank of Nigeria (CBN),Olayemi Cardoso, says the bank’s reforms are aimed at stabilising the economy, restoring confidence, and bringing inflation down to single digits in …
CBN Reforms To Stabilise Economy, Restore Investor Confidence — Cardoso Read More
The Central Bank of Nigeria (CBN) has clarified recent speculations regarding charges related to the newly launched Non-Resident Bank Verification Number (NRBVN) platform, affirming that no hidden fees have been …
CBN Clarifies NRBVN Charges For Nigerians In Diaspora Read More
The Federal High Court in Abuja has upheld the Nigeria Inter-Bank Settlement System Plc’s (NIBSS) authority over the management of BVN. The ruling now restrains any Nigerian institution from challenging …
Court Upholds NIBSS’s Authority To Manage BVN Database Read More
Justice Halilu Yusuf of the Federal Capital Territory High Court on Monday granted bail at ₦2 billion to a former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. …
Forfeited 753 Abuja Duplexes: Court Grants Emefiele ₦2bn Bail Read More
The Central Bank of Nigeria (CBN) has introduced two digital initiatives—the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment Solution—at an event held on Wednesday, …
CBN Launches DocFlow and MDAs Naira Payment Solutions Read More
In a clear message of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available …
CBN Fines Nine Banks ₦150m Each For ATM Cash Scarcity Read More
The Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) has raised the Monetary Policy Rate(MPR) by four hundred basis points to 22.75 percent from 18.75 percent. Governor of the …
CBN Increases Interest Rate To 22.75% Read More
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says Bureau De Change (BDC) operations in the country should not be an all comers’ affairs, noting that the …
CBN Issues New BDC Guidelines, Says Operations Should Not Be All Comers’ Affairs Read More