CBN

Business and Economy

CBN recovers from N1.16 trillion loss, posts profits in 2024

THE Central Bank of Nigeria (CBN) and its subsidiaries have recovered from an N1.16 trillion loss in 2023, reporting...
Ehime ALEX -
Banking and Finance

AfCFTA: CBN revises requirements for pan-African transactions

THE Central Bank of Nigeria (CBN) has announced a significant review of the documentation requirements for transactions conducted through...
Harrison EDEH -
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News

CBN gives reason for naira depreciation despite $197 million intervention

THE Central Bank of Nigeria (CBN) has given reasons for Nigeria's naira depreciation, despite its intervention to the tune...
Ehime ALEX -
Banking and Finance

Regulatory risks loom as Nigerian banks fail to meet CBN obligations

NIGERIAN banks' aggregate Capital Adequacy Ratio, (CAR), remains below the regulatory threshold as of January this year, an official...
Ehime ALEX -
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Banking and Finance

UPDATED: UBA fined over N149 million by CBN for breaking rules

UNITED Bank for Africa (UBA) has been fined a total of N149.65 million for failing to comply with banking...
Ehime ALEX -
Banking and Finance

Lawmakers ask CBN to suspend new ATM charges

THE House of Representatives (Reps) has asked the Central Bank of Nigeria (CBN) to suspend the recent charges imposed...
Ehime ALEX -
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