The Central Bank of Nigeria (CBN) has taken action against several financial institutions in the country, revoking the licences of 139 microfinance banks, four primary mortgage...
The Central Bank of Nigeria has given a 30-day deadline for banks and other financial institutions to close accounts that do not have a Bank Verification...
The Central Bank of Nigeria (CBN) has debunked rumors circulating that the Bank Verification Number (BVN) has an expiration date. The BVN, which is issued by...
Access Bank Plc, a subsidiary of Access Holdings Plc, has received regulatory approval from the Central Bank of Angola for the acquisition of a majority equity...
In an effort to ease the cash crunch in Nigeria, the Central Bank injected N701 billion into circulation in March 2023, resulting in a 71.4% increase...
Heritage Bank has announced the appointment of Akinola George-Taylor as its new Managing Director/Chief Executive Officer. The appointment was approved by the Central Bank of Nigeria...
The Central Bank of Nigeria (CBN) has proposed a new guideline for the management of dormant and inactive accounts by banks in the country. The guideline...
The Central Bank of Nigeria (CBN) has issued new guidelines for financial institutions seeking to upgrade or convert their licenses. The guidelines were created in response...
To combat long queues at bank branches and ATMs, Deposit Money Banks in Nigeria may increase cash withdrawal limits from the current range of N20,000-N50,000 to...
Following a directive from the Central Bank of Nigeria (CBN) on Monday that the old N500 and N1,000 notes remain legal tender in accordance with a...