Fidelity Bank has announced its commitment to exit Central Bank of Nigeria (CBN) forbearance arrangements by the end of the first half of 2025, ensuring compliance with regulatory requirements and ...

The Central Bank of Nigeria (CBN) freezes bank dividends to strengthen capital. Experts weigh in on the impact on banks and the Nigerian economy. CBN Banks ...

The Central Bank of Nigeria (CBN) has suspended dividend payments to shareholders and bonuses to directors and senior management staff of banks currently benefiting from regulatory forbearance ...

The CBN had initially set the deadline for December 3, 2024, but later extended it by six months to June 3, 2025, to give operators more time to meet the new requirements.

“CBN hereby exposes the draft Baseline Standards for Automated AML Solutions to all stakeholders and invites comments and suggestions to enrich the final version”.

The CBN stated that it will monitor compliance through regular inspections and validation exercises. Institutions that fail to meet the standards within the 12-month implementation window will be ...

The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has officially launched the Non-Resident Bank Verification Number (NRBVN) platform.

The Central Bank of Nigeria, CBN, in partnership with the Nigeria Inter-Bank Settlement System (NIBSS), has launched the Non-Resident Bank Verification Number, NRBVN, platform to ease the inflow ...

The CBN reaffirmed its commitment to a rules-based approach, transparent operations, and stable macroeconomic management as the country continues to position itself for sustainable growth and ...

According to the CBN, NFER stood at $23.11 billion, the highest level in over three years, a marked increase from $3.99 billion at year-end 2023, $8.19 billion in 2022, and $14.59 billion in 2021 ...