Zuldal Microfinance Bank not licensed – CBN

Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) has raised an alarm over the activities of Zuldal Microfinance Bank Limited, warning that the firm is operating illegally and without…

CBN reassures public on banking sector stability

Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) wishes to categorically reassure the public, depositors, and stakeholders that the Nigerian banking sector remains resilient, safe, and sound. The CBN,…

CBN warns public against fake grant, contract agents

Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) has once again reiterated that it has not authorised, licensed, or appointed any individual, group, or organisation to act as an…

CBN direct Banks to adopt PAPSS for transactions

The Central Bank of Nigeria (CBN) has directed all banks operating in the country to adopt the Pan-African Payment and Settlement System (PAPSS) and commence originating transactions under the new…

CBN cracks down on 9 banks for ATM cash disruption

The Central Bank of Nigeria (CBN) has imposed a fine of N1.35 billion on nine Deposit Money Banks (DMBs) for failing to make naira notes available through automated teller machines…