JUST IN: CBN denies revocation rumours for Fidelity, Polaris, Wema, Unity Banks
The Central Bank of Nigeria (CBN) has refuted allegations that it is contemplating the revocation of operating licences for Fidelity,…
NDIC begins verification, payment of insured deposits to Heritage Bank customers
The Nigeria Deposit Insurance Corporation said it has commenced the liquidation of Heritage Bank Plc. NDIC assured all that it…
CBN revokes Heritage Bank’s licence due to poor financial performance
The Central Bank of Nigeria (CBN) has revoked the banking licence of Heritage Bank Plc with immediate effect, citing the…
Naira crashes against dollar 24 hours after May 29th anniversary
The naira recorded its first massive depreciation against the dollar at the foreign exchange market 24 hours after President Bola…
Nigeria not defending naira with foreign reserve – Central Bank Governor, Cardoso (VIDEO)
The Governor of Central Bank of Nigeria, Dr Olayemi Cardoso has affirmed that the current resurgence of naira is a…
Investors buy into Nigeria’s economic reforms
* Policy clarity, outlook build confidence Foreign and domestic investors are swarming on Nigeria’s sovereign issues amidst growing confidence that…
Hardship to ebb as Nigeria economy heads towards stability, high forex liquidity
The Central Bank of Nigeria, CBN, the Nigeria Economic Summit Group (NESG), along with the World Bank, the International Monetary…
CBN warns Nigerians on circulation of counterfeit Naira notes
The Central Bank of Nigeria CBN has alerted Nigerians on the circulation of counterfeit Naira banknotes. The apex bank…
CBN extends use of old N200, N500, N1000 notes indefinitely
The Central Bank of Nigeria, CBN, has said that the old naira banknotes will remain a legal tender. Recall that…
CBN commence “clearing” of forex backlogs – Report
Recent information obtained by Nairametrics reveals that the Central Bank of Nigeria (CBN) has taken significant steps to address the…