CBN implemented temporary restrictions on bank dividends and capital distributions as part of its ongoing recapitalisation ...

About 10 Nigerian banks have been projected to meet the N500 billion minimum capital requirement set by the Central Bank of ...

The Central Bank of Nigeria (CBN) has extended the recapitalization deadline of the Bureau De Change (BDC) operators to ...

The expiration of the recapitalisation deadline for Bureau de Change (BDC) operators has triggered widespread anxiety in the ...

Central Bank of Nigeria (CBN) has extended the deadline for the Bureau De Change (BDC) recapitalisation exercise to December ...

The Central Bank of Nigeria (CBN) has stopped the daily Cash Reserve Requirement (CRR) debits as it announced a new updated CRR mechanism. The CBN is also pushing for Deposit Money Banks (DMBs ...

“The new structure aligns with Section 10.7 of the CBN Guide to Charges by Banks, Other Financial and Non-Bank Financial Institutions (2020),” the statement read. Under the revised ...

The CBN is pushing for a structured engagement ... creating an unpredictable cost structure for banks and CIT operators. “At first glance, this may seem like a logistical or administrative ...