CBN Mops Up N4.48 Trillion in Liquidity as Banking System Cash Balances Fall Sharply
The Central Bank of Nigeria has withdrawn a total of N4.48 trillion from the banking system within two sessions over ...
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Tag: #CBN
NDIC Begins Final Winding-Up of 89 Failed Microfinance Banks and 1 Mortgage Bank
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the final phase of winding down 89 defunct Microfinance Banks (MFBs) and ...
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CBN Proposes Mediation Panel to Fast-Track Resolution of Loan Disputes in Nigeria
The Central Bank of Nigeria has proposed the establishment of a mediation panel to serve as the first point of ...
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Forex Volatility Worsens as Black Market Pressure Widens Gap with Official Exchange Rate
Volatility in Nigeria’s foreign exchange market has been linked to fiscal leakages, speculative trading and arbitrage activities, as the gap ...
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Reps Order CBN to Halt Funding of $460m Abuja CCTV Project Probe
The Ad hoc Committee of the House of Representatives of Nigeria has directed the Central Bank of Nigeria (CBN) to ...
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World Bank Clarifies Position on Petrol Imports Amid Nigeria Policy Backlash
The World Bank Group has clarified its stance on fuel imports in Nigeria following criticism over recommendations contained in its ...
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CBN Denies Rumours of Polaris Bank Liquidation, Affirms Banking System Stability
The Central Bank of Nigeria (CBN) has dismissed circulating rumours that Polaris Bank is undergoing liquidation, describing the viral posts ...
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CBN Tightens BVN Rules, Introduces Temporary Watchlist to Combat Fraud
The Central Bank of Nigeria has introduced stricter rules governing Bank Verification Number enrolment and data access as part of ...
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33 Nigerian Banks Meet New Capital Thresholds, Raising N4.65tn Under CBN Recapitalisation
The Central Bank of Nigeria (CBN) on Wednesday announced that 33 banks have met the new minimum capital requirements under ...
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CBN Orders Banks to Complete Cybersecurity Self-Assessment Within Three Weeks
The Central Bank of Nigeria has directed banks to complete a mandatory cybersecurity self-assessment within three weeks as part of ...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.