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CBN Disolves Some Bank Boards Due to Infractions
Due to infractions, the Central Bank of Nigeria has dissolved the Union Bank of Nigeria, Keystone Bank, and Polaris Bank boards.This was made public on Wednesday in a statement signed by the acting Di...
CBN Stops Cash Withdrawals and Cheques For Crypto Bank Accounts
After weeks of lifting restrictions on banks operating accounts for virtual assets such as cryptocurrencies, the Central Bank of Nigeria (CBN) has said there will be no cash withdrawals on accounts li...
Nigeria Got $11.11 Billion Foreign Exchange Inflow in Two Months - CBN
The Central Bank of Nigeria (CBN) has revealed that Nigeria recorded $11.11 billion in aggregate foreign exchange inflow in July and August. According to figures obtained from the CBN’s August ...
Bosun Tijani Announces the Launch of $608 Million in Funding for Tech Entrepreneurs
The Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has revealed that the federal government of Nigeria has launched a fund of $609 million for tech entrepreneurs in N...
Amendment of Central Bank of Nigeria Act Scaled Second Reading in House of Representatives
A bill to amend the Central Bank of Nigeria Act scaled Second Reading at the House of Representatives on Thursday.On Thursday the House of Representatives went on the Second Reading for the amendment ...