By Arize Nwobu Central banks are at the heart of the economy and they evolve monetary policies to keep a nation’s currency ...

The Central Bank of Nigeria (CBN) has suspended approvals for the extension of export proceeds repatriation, a move aimed at enforcing compliance with existing foreign exchange regulations.

CBN sanctioned nine deposit money banks with fines totalling N1.35bn for failing to ensure cash availability via automated teller machines during the festive season. Each of the banks was fined ...

The Central Bank of Nigeria (CBN) which slammed the sanction, said each of the banks would pay N150 million as fine for non-compliance with the regulator’s cash distribution guidelines ...

The Central Bank of Nigeria, CBN, has issued fines to at least nine Deposit Money Banks for failing to ensure cash availability via automated teller machines, ATMs, during the festive season.

According to the CBN, these accounts aim to streamline remittances, encourage investments, and foster financial inclusion among Nigerians in the diaspora. The document was signed by the acting ...

According to CBN, the move would increase diaspora remittances into Nigeria. The initiative took effect from January 1st, 2025. “The Central Bank of Nigeria (CBN) has introduced the non-resident ...