CBN Tells Banks To Hand Over Funds In Dormant Accounts, Unclaimed Dividends
The Central Bank of Nigeria (CBN) has directed banks and financial institutions to transfer unclaimed dividends and dormant account balances into a CBN-controlled account. The CBN will decide on government…
CBN Lifts Ban On BDCs, Introduces New Operational Mechanism
With the aim of boosting the operational efficiency of the Nigerian Foreign Exchange Market, the Central Bank of Nigeria (CBN) has introduced a series of operational adjustments for the Bureau…
CBN recommends Nigerians to use PoS and open savings accounts with the recolored Naira
On Wednesday, the Central Bank of Nigeria (CBN) recommended Nigerians to create savings accounts and swap their old naira notes at Point of Sale (PoS) machines. This is happening as…
Access Bank Ignores CBN Directive, Fires Staff In Oyo Branch
A man, whose spouse worked for a part of the bank in Oyo State for a long time and got conserved, disclosed to SaharaReporters that the move was in opposition…
BREAKING: Fire Guts CBN Office In Jos
This adds to the series of fire outbreaks that have hit key government offices in the country in recent days. There has been a fire outbreak at the Jos branch…
CBN Devalues Naira, Restores Uniform Exchange Rate Of N380/USD
The Central Bank of Nigeria has made an adjustment in swapping scale of dollar to Naira as affirmed in a dispatch to all banks and Bureau De Change on Friday…
President Buhari Nominates Kingsley Obiorah As CBN Deputy Governor
PRESIDENT BUHARI NOMINATES DR KINGSLEY OBIORAH AS CBN DEPUTY GOVERNOR President Muhammadu Buhari has sent the name of Dr Kingsley Isitua Obiora to the Senate for confirmation as Deputy Governor…
EFCC Nabs ‘CBN Governor’ In Uyo
Operatives of the Economic and Financial Crimes Commission (EFCC) in Uyo, Akwa Ibom State, have arrested a suspected internet fraudster for allegedly impersonating the Governor of the Central Bank of…
“Come And Deposit Your Bad Naira Notes In Bank By Monday” – CBN Tells Nigerians
The Central Bank of Nigeria has asked Nigerians to bring all their mutilated Naira notes to any bank branch closer to them. The Central Bank of Nigeria has directed Nigerians…
Breaking: Senate confirms Emefiele for second term
The Senate has just confirmed Dr. Godwin Emefiele as Governor of the Central Bank of Nigeria for a second term. Emefiele had been screened by the Senate Committee on Banking,…