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2019 Elections: CBN Warns Banks Against Money Laundering

ABUJA  - The Central Bank of Nigeria has warned Deposit Money Banks (DMBs) to be careful not to violate the money laundering Act. The CBN...

CBN To Licence Payment Service Banks To Boost Financial Inclusion

ABUJA - To further deepen financial inclusion in Nigeria and achieve the 2020 target, the Central Bank of Nigeria (CBN) said it would be...

CBN Revokes Skye Bank’s Licence, As Polaris Bank Takes Over

LAGOS - The Central Bank of Nigeria has revoked the operating licence of Skye Bank Plc with immediate effect. Governor of Central Bank , Godwin...

CBN Injects $210 Million Into Forex Market

CBNThe Central Bank of Nigeria (CBN) on Tuesday said,  it has injected the sum of  $210 million into the inter-bank Foreign Exchange (forex) Market. "The...