CBN

CBN Revokes Heritage Bank License With Immediate Effect, Gives Reasons

The Central Bank of Nigeria (CBN) has revoked the license of Heritage Bank Plc with immediate effect. The CBN spokesperson,…

By Tobias Sylvester

CBN Directs Nigerian Banks To Impose 0.5% Cybersecurity Levy On All Transactions

The Central Bank of Nigeria (CBN) has mandated banks operating within the country to start charging a cybersecurity levy on…

CBN Bans Use Of Foreign Currency As Collateral To Collect Naira Loans From Banks

The Central Bank of Nigeria (CBN) has issued a directive prohibiting the use of foreign currency (FCY) as collateral for…

South-East Nominee, Kalu Eke Rejects President Tinubu’s Appointment Into CBN Board

Urum Kalu Eke, nominated for the Central Bank of Nigeria Board of Directors, has declined the appointment extended by President…

Godwin Emefiele’s Wife, Margaret Declared Wanted By EFCC Over Money Laundering

Margaret Emefiele, the wife of the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been declared…

CBN Sacks Boards Of Union, Titan, Keystone, Polaris Banks

The Central Bank of Nigeria has taken swift action by immediately dismissing the entire Board of Directors overseeing Polaris, Titan,…

Naira Redesign Not Approved By Buhari, But His Nephew Tunde Sabiu – CBN Investigator

The Special Investigator on the Central Bank of Nigeria and Related Entities, Jim Obazee has revealed the discrepancies surrounding the…

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