The Senate Tuesday said that policies of the Central Bank of Nigeria (CBN) and activities of commercial banks are strangulating Small and Medium Enterprises (SMEs) in the country. The upper chamber ...
The Central Bank of Nigeria (CBN) has accused commercial banks of sabotaging its efforts in replacing mutilated notes with new ones in the country. Its Acting Director, Communications Department, Mr ...
The apex bank also increased capital requirements for banks with regional licences from ₦15 billion to ₦50 billion, and those with national licences from ₦25 billion to ₦200 billion. According to a ...
Nigerian banks are working to raise about N4.14 trillion before the CBN’s March 31, 2026, recapitalisation deadline. The apex bank says 27 banks have raised funds so far, while 16 commercial banks ...
CBN Director, Currency Operations, Mr Ahmed Umar, made this known in Abuja on Monday at the Training Session for State Directors, National Orientation Agency (NOA) on Redesign of Currency Notes Policy ...
The Central Bank of Nigeria (CBN) has granted regulatory approval for Abbey Mortgage Bank Plc to convert from a primary mortgage bank to a full commercial bank. This momentous milestone marks the ...
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