The Central Bank of Nigeria (CBN) has announced the initiation of mystery shopping exercises across bureau de change (BDC) ...

New banks in Nigeria must meet CBN's capital base immediately, while existing banks have two years. Learn about the impact on the $1 trillion economy goal.

The CBN's push for banking recapitalization aims to bolster Nigeria's economy, enabling banks to fund growth and compete globally.

The Central Bank of Nigeria (CBN) says it will begin mystery shopping exercises across bureau de change (BDC) outlets to strengthen compliance with anti-money laundering and counter-terrorism ...

Central Bank of Nigeria (CBN) approved the application of Ascensia Finance Company Limited to operate as a finance company in the country.The final approval was conveyed in a letter dated April 10, ...

Nigerian banks face a recapitalisation deadline by 2026, with the CBN enforcing strict rules to guide the sourcing of funds. Some banks may downgrade by 2026.

A N50 billion private placement for institutional and affluent investors is also planned to complete the N200 billion the ...

LONDON, April 15 (Reuters) - The world's leading bank coalition looking to help tackle climate change has voted to ditch some of its more stringent membership rules to better reflect the slow pace ...