The Central Bank of Nigeria (CBN) is set to investigate and impose sanctions on Deposit Money Banks (DMBs) suspected of undermining efforts to stabilize the Naira and bolster the national currency. Recent reports have revealed that some banks are engaging in speculative activities, purchasing foreign currency from the Investors […]
Central Bank of Nigeria (CBN)
Dr. Olayemi Michael Cardoso, who was recently nominated by President Bola Ahmed Tinubu, officially commenced his duties on Friday, September 22, 2023, in an acting capacity as the Governor of the Central Bank of Nigeria (CBN). His formal appointment is pending confirmation by the Senate. This transition follows the […]
The Central Bank of Nigeria (CBN) has announced the signing of collaboration agreements in financial technology (fintech) with the Central Bank of Egypt. This development was shared by the apex bank on its official Twitter account on Tuesday. The signing ceremony for the partnership occurred at the recently concluded ‘Seamless […]