CBN Debunks Claims Of Shortage Of Printing Materials, Plans To Shut Down Banks The Central Bank of Nigeria has debunked claims about the incapacity of the Nigerian Security Printing and Minting PLC. The apex bank also denied claims that it plans to shut down commercial banks...

Strategic Capital Investment Ltd Acquires Polaris Bank for N1.355 Trillion The Central Bank of Nigeria has announced the completion of the sale of Polaris Bank. This was contained in a statement by the CBN’s Director, Corporate Communications, Osita Nwanisobi, on Thursday. In it, the CBN announced the...

Presidency Wades into CBN-NNPC Feud Over Dollar Remittances   In an effort to address the dwindling fortune of the naira, the presidency has waded into the controversy between the Central Bank of Nigeria (CBN) and the Nigeria National Petroleum Corporation Limited (NNPC). The CBN on Friday blamed...

CBN Urges Nigerians to Shun Speculative Activities - Forex The Central Bank of Nigeria (CBN), has advised Nigerians not to succumb to speculative activities of some players in the foreign exchange market. Mr Osita Nwanisobi, CBN’s Director, Corporate Communications CBN, gave the advice in a statement...

CBN Alerts Nigerian Banks on Dangers of Transacting With Benin Republic The Central Bank of Nigeria (CBN) has directed banks to implement enhanced measures on existing accounts and transactions related to the Benin Republic. The apex bank said this in a circular dated April 11 and...

CBN Warns Nigerians Against Illegal Financial Institutions   The Central Bank of Nigeria has warned individuals to desist from dealing in illegal financial schemes or with illegal financial institutions that are not licensed or recognised by it. According to the bank, it is doing all it...