FG Transfers 21% Shares In The Mint To CBN The Federal Government has transferred its 21 per cent shares in the Nigerian Security Printing and Minting Company to the Central Bank of Nigeria. Vice-President Yemi Osinbajo, who is the Chairman of the National Council on Privatisation,...

Transaction: CBN Announces Fines For Failed Reversals The Central Bank of Nigeria (CBN) has stated that any failed Nigerian Instant Payment (NIP) transaction not reversed into the customer’s account within 24 hours based on complaint of the sender and/or beneficiary will attract a fine of...

$10.1bn Demand Makes Listing In Nigeria Challenging - MTN A $10.1bn demand by Nigerian authorities from South African telecoms group, MTN, makes its planned debut stock market listing in the country “pretty challenging and awkward,” the group’s chief financial officer said on Wednesday. The Central Bank...

CBN Licenses 366 New BDC Operators The Central Bank of Nigeria issued new operational licences to 366 Bureau De Change operators between January 2018 and May 31, 2018, a new report by the apex bank indicated. The report on the ‘Functions, operational guidelines and compliance for...

CBN To Auction N1.024 Trillion Treasury Bills In Q4 The Central Bank of Nigeria (CBN) is to auction treasury bills worth N1.024 trillion in the fourth quarter of this year. The central bank stated this in its Nigerian Treasury Bills Issue programme for the fourth quarter...

Nigeria's External Reserves Drop By $1.2bn In One Month The nation’s foreign exchange reserves fell by $1.2bn in one month, latest data from the Central Bank of Nigeria showed. The external reserves, which stood at $47.11bn as of the end of July, declined to $45.83 on...