CBN Revokes Operating Licence Of Heritage Bank
The licence of Heritage Bank Limited has been revoked by the Central Bank of Nigeria, CBN on Monday, with immediate effect. Reacting to this development,...
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CBN Stops Use Of Foreign Currencies As Collateral For Naira Loan
All banks in Nigeria have been given notice to stop the use of foreign currencies as collateral for naira loans. According to a circular uploaded...
CBN Orders Banks To Accept And Dispense Old 500, 1000 Naira Notes
The Central Bank of Nigeria (CBN) has restored the old 200, 500 and 1000 naira notes to remain as legal tender until December 31, 2023....
CBN Limits Cash Withdrawals To N100,000 Weekly
Fresh cash withdrawal limits has been imposed on individuals and organisations by the Central Bank Of Nigeria with effect from January 9, 2023. According to...
MTN, Airtel Granted CBN Approval To Commence Banking Business
Telecommunication companies, MTN Nigeria and Airtel have been given approval-in-principle by the Central Bank of Nigeria (CBN) to commence banking business in the country. This...
