CBN approves 82 new BDCs under revised 2024 guidelines
Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) has granted final operating licences to 82 Bureau De Change (BDC) operators following the implementation of the revised Regulatory and Supervisory…
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…
Despite fall in economic pressures , tough reforms still required – CBN
Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) has warned that despite notable improvements in key economic indicators, Nigeria must continue with tough but necessary reforms to strengthen macroeconomic…
CBN refutes $1.26bn oil import disbursement claim
Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) has dismissed reports suggesting it disbursed $1.259 billion to major oil sector operators for the importation of refined petroleum products and…
CBN, Bank of Angola sign MoU to deepen cooperation
Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) and the Bank of Angola have entered into a Memorandum of Understanding (MoU) aimed at enhancing bilateral ties and promoting technical…
Zenith bank surpasses CBN target with ₦350bn oversubscribed offer
Zenith Bank Plc has surpassed the Central Bank of Nigeria’s recapitalization benchmark, following the successful conclusion of its oversubscribed ₦350.46 billion public offer. The milestone, celebrated with a Closing Gong…
Edun slightly ill , Cardoso to represent him at W’Bank-IMF meeting – FG
The Central Bank Governor, Mr Olayemi Cardoso, will lead a Nigeria’s team to represent the Finance Minister Mr. Wale Edun at the World Bank and International Monetary Fund Annual Meeting…
UBA extends N157.8bn rights issue deadline to Sept 19
United Bank for Africa (UBA) Plc has extended the application period for its ongoing N157.84 billion rights issue, giving shareholders two additional weeks to participate in the offer. In a…
Coinsurance ban puts spotlight on Nigeria’s Takaful industry
By Barbara Bako, Abuja. A new regulatory guideline banning coinsurance arrangements between conventional insurance and Takaful companies represents a significant shift for the industry. This change will test the resilience…
NDIC, CBN reaffirms partnership on financial system stability
Barbara Bako, Abuja. The Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Thompson O. Sunday, has reaffirmed the Corporation’s commitment to working closely with the Central…













