Tag: CBN
Wema Bank Launches Final Phase of Capital Raise Exercise
Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, Wema Bank, has announced that it will be completing its capital raise [more…]
CBN: FG’s Borrowing Pushes Money Supply Up 51% to ₦108.96tn
FILES: Naira notes Riding on the back of domestic borrowings by the Federal Government from the private sector, Nigeria’s Broad Money Supply (M2) increased [more…]
CBN Reports Growth in Nigeria’s Economy for Q3 2024
Photo illustration of CBN Governor, Yemi Cardoso, and CBN logo The economy grew by 3.46 per cent in Q32024, with output reaching ₦20.115 trillion, [more…]
CBN Approves $25,000 Weekly for BDCs to Address Yuletide Demands
US dollar notes. The Central Bank of Nigeria has granted temporary permission to Bureau de Change operators, to purchase up to $25,000 in foreign [more…]
CBN Issues Warning on Fake ‘Swift’ Messages
The Central Bank of Nigeria (CBN) has warned the general public to be cautious of fraudulent ‘Swift’ messages and unsubstantiated claims regarding foreign currency [more…]
CEO of 9PSB, Branka Mracajac, Highlights Innovations, Investment, and Collaboration as Key to Nigeria’s Fintech Growth
At the 2024 Nigeria Fintech Week held in Lagos, Branka Mracajac, CEO of 9 Payment Service Bank (9PSB), Nigeria’s digital payment service bank, focused on [more…]
Heritage Bank Customers’ Path to Securing ₦5m Insured Funds: A Step-By-Step Guide by NDIC”
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of Heritage Bank Plc. The insurer of depositors’ funds said this in a [more…]
CBN Takes Action: Heritage Bank’s Operating License Revoked”
The Central Bank of Nigeria (CBN), has revoked the banking licence of Heritage Bank Plc with immediate effect. A statement by the Ag. [more…]
The government assures there are no plans to unlawfully access workers’ savings and pension contributions
The Federal Government says there are no plans to “illegally access” workers’ savings and pension contributions. There were reports that the Federal Government [more…]
Legal Verdict: CBN’s Oversight on Gathering Customer Social Media Accounts Upheld by Court”
The Federal High Court in Lagos has ruled that a regulation by the Central Bank of Nigeria (CBN) mandating financial institutions to request and gather [more…]
