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Tag Archives: Central Bank of Nigeria

Naira Trades N1,473/$ At Official Market

The naira, on Tuesday, June 11, 2024, further appreciated at the official market trading at N1,473.66 to the dollar. Data from the official trading platform of the FMDQ Exchange showed that the naira gained N9.96. This represents a 0.67 per cent gain when compared to the previous trading date on …

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Nine of 29 Directors Survive As CBN Implements Obazee Report

Sixteen of the twenty-nine directors heading different units of the Central Bank of Nigeria (CBN) have been disengaged, according to a report by PREMIUM TIMES. The report said only nine departmental directors were left at the regulatory institution. It stated that the most senior deputy directors in affected departments were …

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No Plan To Revoke More Bank Licences – CBN

THE Central Bank of Nigeria (CBN) says it has no plan to revoke the licences of more Deposit Money Banks (DMBs). The Acting Director, Corporate Communications, of the apex bank, Mrs Hakama Sidi-Ali, said this in a statement on Tuesday in Abuja. Sidi-Ali’s statement was a response to allegations in …

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CBN Revokes Licence Of Heritage Bank

THE Central Bank of Nigeria (CBN), has announced revocation of the licence of Heritage Bank Plc with immediate effect. This is according to a statement issued by Hakama Sidi-Ali, the Acting Director, Corporate Communications Department on Monday in Abuja. Sidi-Ali said that the action was in accordance with the apex …

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CBN Withdraws Directive On Cybersecurity Levy Collection

THE Central Bank of Nigeria (CBN) has officially rescinded its directive that required banks and payment service providers to collect and remit fees as specified under the Cybercrime Prevention and Prohibition Amendment Act of 2024. Announced in a revised circular dated May 17, 2024, this move marks a significant policy …

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