The Central Bank of Nigeria (CBN) has issued fresh guidelines to Deposit Money Banks (DMBs) on the deposit of foreign currency notes with the apex bank.

According to him, issues such as cybersecurity threats, data breaches, and digital fraud are persistent concerns that could erode consumer confidence in the system.

“In the past, people were panicking and front-loading their requests. Now, a lot of that has calmed down. There’s no inclination to do that because liquidity has returned to the market.”

THE Minister of Solid Minerals Development, Dr. Dele Alake, has said Nigeria’s refined gold will be sold to the Central Bank of Nigeria, CBN, to bolster foreign reserves and meet the London Bullion Market Association Good Delivery Standard.

The Central Bank of Nigeria (CBN) has said that its monetary policy of tightening rates was working, as demonstrated by the deceleration of the nation’s headline inflation. 

Trial of the former Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, resumed before a High Court of the Federal Capital Territory, FCT, on Tuesday, with a key prosecution witness, admitting that former President Muhammadu Buhari, gave approval for the Naira to be redesigned.

There is no plan to revoke the operating licences of Fidelity,  Wema, Polaris and Unity Banks, the Central Bank of Nigeria has said.

“The attention of the CBN has been drawn to some information circulating in the public domain, suggesting that the CBN is set to revoke the licenses of three additional banks following its regulatory action against Heritage Bank Plc on Monday.”

The Central Bank of Nigeria (CBN) has denied reports that it is set to revoke the licenses of Unity Bank, Keystone Bank, and Polaris Bank.

Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate by 150 basis points to 26.25 Per cent from 24.75 percent.