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CBN releases guidelines for payment categorisation

  . The Central Bank of Nigeria, CBN, in line with its commitment to promote a strong and credible payment system, has approved new license categorisations...

Pharmaceutical manufacturers commend CBN on easy access to N100bn healthcare fund

    … ask for two year moratorium   Operators in the Nigerian pharmaceutical industry has commended the Central Bank of Nigeria for prompt disbursement of the N100...

CBN releases guidelines for N75 billion NYIF

    The Nigerian  Central Bank, CBN, has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund, NYIF. The apex bank in a...

CBN’s sledge hammer descends on banks again

      ……Debits banks N917.5 billion on CRR   The Central Bank has again debited Nigerian banks N917.5 billion last week in its latest CRR action. As a result...

CBN Rolls Out Financing Framework for Mass Metering Programme

      ……Bars importation of fully assembled meters   The Central Bank of Nigeria (CBN) has released guidelines for accessing funding for the mass metering programme recently announced...

CBN directs Banks to adhere to Swift universal payment confirmation

  The Central Bank of Nigeria, CBN, has directed all banks operating in the country to always observe strict compliance with SWIFT Universal Confirmation Requirements. The...

CBN warns against fruadulent loan, investment schemes.

    The Central Bank of Nigeria (CBN) has warned Nigerians to be wary of fraudulent messages circulating on the social media requesting unsuspecting loan seekers...

Nigerian Banks staring at another asset quality crisis

      The Nigerian Banking system has been through two major asset quality crisis in the past twelve years: i) the 2009-12 margin loan crisis, which...

CBN freezes accounts of 38 Coys over forex infractions, others

    The Nigerian Central Bank has instructed banks in the Country Nigeria, to place a post-no-debit on the bank accounts of 38 companies. The affected accounts...

CBN charges banks on collection and remittance of the DisCos to NBET, TCN

The Central Bank of Nigeria, CBN, has directed Deposit Money Banks, DMB, to take responsibility for collection of  the DisCos and remittances of the...

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