[ad_1] The Central Bank of Nigeria (CBN) has relaxed its stringent regulations on virtual asset service providers (VASPs), including crypto exchanges. The apex body has allowed them to operate accounts…
Tag: CBN
BREAKING: CBN lifts ban on cryptocurrency transactions
[ad_1] The Central Bank of Nigeria has changed its stance on crypto assets in the country and asked banks to disregard its earlier ban on crypto transactions. This is according…
CBN lifts restrictions on 43 items, unveils measures to address distortions
[ad_1] .Dollar sustains upward swing as pressure on supply intensifies Nigeria’s currency, the Naira, is still under immense pressure as the Central Bank of Nigeria (CBN) continues to explore new…
CBN begins settlement of forex forwards as Naira rebounds
[ad_1] The Central Bank of Nigeria (CBN) has begun the settlement of foreign exchange forwards to banks. The Guardian gathered yesterday at the apex bank that the CBN has indeed…
CBN ‘responds’ to cash squeeze, stops charges on large deposits
[ad_1] • Dithers on plan to wean banks off cash handling risks The Central Bank of Nigeria (CBN), yesterday, made a U-turn on ‘penalties’ on deposits in excess of N500,000…
CBN says Nigerian banks resilient; suspends deposit charges
[ad_1] The Central Bank of Nigeria on Monday dismissed reports alleging that some licensed commercial banks in the country failed to meet the Capital Adequacy Ratio, (CAR). A statement by…
Bank customers appeal to CBN to address cash crunch
[ad_1] Some bank customers in the Federal Capital Territory (FCT) have appealed to the Central Bank of Nigeria (CBN) to urgently address cash crunch issues to ensure swell celebrations during…
Group advocates amendment to AMCON, EFCC, CBN acts over banks, businesses’ liquidation
[ad_1] AMCON A business professional group has advocated for urgent amendment to the acts establishing the Economic and Financial Crimes Commission (EFCC), Central Bank of Nigeria (CBN) and Asset Management…
CBN directs banks on old, re-designed naira notes
[ad_1] The Central Bank of Nigeria (CBN) on Wednesday directed banks to continue issuing and accepting all denominations of Nigerian old and redesigned banknotes. The apex bank also directed its…
CBN will direct banks to recapitalise – Cardoso
[ad_1] Nigeria’s central bank governor, Olayemi Cardoso, on Friday, said the apex bank would direct deposit money banks in the country to increase their capital towards achieving the country’s $1…