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CBN Monetary Policy: Tetfund to Suspend Foreign Scholarships.

The Tertiary Education Trust Fund (TETFund) has said that the recent Central Bank of Nigeria (CBN) policy had created difficulties in the payment of...

CBN Directs Banks to Lift Restrictions on 440 Accounts

The Central Bank of Nigeria (CBN), on Tuesday ordered banks to vacate a Post-No-Debit (PND) restriction earlier imposed on bank accounts of 440 individuals and...

CBN Revokes 2,991 BDC Licences

The Central Bank of Nigeria, CBN has reduced the number of Bureau de Change, BDC dealers to 2,991 from the over 5,689 previously approved. The...

CBN, BILL GATES PARTNER ON FINANCIAL INCLUSION

The Central Bank of Nigeria and the Bill and Melinda Gates Foundation have finalized plans to drive financial inclusion in the country. According to a...

CBN Orders Banks to Regularly Monitor Political Appointees’ Accounts

The Central Bank of Nigeria (CBN) has ordered banks and other financial institutions to ensure regular monitoring and screening of accounts belonging to Politically...

CBN ORDERS BANKS TO REQUEST CUSTOMERS’ SOCIAL MEDIA HANDLES, OTHER DETAILS

The Central Bank of Nigeria (CBN) has issued new regulations mandating financial institutions to gather additional customer information, including social media handles, email addresses,...

CBN REMOVES SAVING, WITHDRAWAL LIMITS ON DOMICILIARY ACCOUNTS

The Central Bank of Nigeria, CBN lifting the limits placed on domiciliary accounts. In a statement by the CBN on Sunday, the new regulation allowed...

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