CBN sacks boards of Union, Keystone and Polaris banks

The CBN also assured the public of the safety and security of depositors’ funds, saying it remained resolute in fulfilling its mandate to uphold a safe, sound, and robust financial system in Nigeria.

We’re restructuring, not ending operations, Nigeria’s syringe firm clarifies

He assured that the company will return to full operations soon.

CBN to freeze bank accounts without BVN, NIN April 2024

This is according to a Friday circular by the apex bank which said a BVN or NIN verification will be “conducted shortly”.

CBN denies planning to redenominate Naira

While the bank may be considering reforms, AbdulMumin said “such are subject to laid down procedures in line with the provisions of the CBN Act, 2007.”

FEC approves N2.1trn supplementary budget for 2023

He added that N18 billion was allocated to the Independent National Electoral Commission (INEC) to organise the 11 November off-cycle governorship elections in Kogi, Bayelsa and Imo states.

Tinubu signs executive orders, suspends 5% excise tax on telecoms

He also noted that President Tinubu’s administration will, therefore, continue to give requisite stimulus by way of friendly policies to allow businesses to flourish in the country.

CBN orders commercial banks to obtain customers’ social media handles for identification

If implemented by commercial banks, this development will see Nigerians add their social media accounts to their bank details.

CBN denies devaluing Naira to 630/$1

A national daily on its frontpage reported on Thursday that the apex bank devalued the country's currency to now trade at ₦630 per dollar from ₦462.

Banks get approval to issue NIN-enabled ATM cards

According to the minister, although the NIMC Act 2007 only mandates Nigerians to have a National Identity Number and not necessarily a printout card, demands for cards have swelled nonetheless.
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