The Central Bank of Nigeria (CBN) says only eight banks have fully met their recapitalisation requirements. Olayemi Cardoso, ...

Two banks holding national banking licences are reportedly in talks to merge as the recapitalisation deadline set by the ...

Nigeria central bank revokes licence of Heritage Bank as bank rules breached. By Reuters. June 3, 2024 9:15 AM UTC Updated June 3, 2024 ABUJA, June 3 (Reuters ...

ABUJA, Dec 3 (Reuters) - Nigerian banks will on Friday commence dollar payout for diaspora inflows and close naira remittance accounts after the regulator eased money transfer rules to try to ...

Nigeria wants banks to perform a difficult two-step -- keep more of their cash for emergencies and aggressively expand lending into a shrinking economy. Lenders must hold 27.5% of deposits as ...

NEW rules have been set by the Central Bank of Nigeria (CBN) for banks planning to establish correspondent banking relationship with foreign lenders.

On May 18th, the Central Bank of Nigeria issued a statement barring the deployment of capital to local banks’ offshore subsidiaries, in a move that has sparked fears about Nigerian banks' regional ...

Nigeria plans to delay new capital rules for banks as regulators in Africa’s biggest economy follow fellow oil producer Kazakhstan in trying to boost lending and avoid a recession. The Central ...

Banks are introducing stringent rules to ensure that Bureaux De Change (BDCs) do not access the Diaspora funds-related foreign exchange (forex) being canvassed by the Central Bank of Nigeria (CBN ...

Nigeria's central bank said it will grant more licences for payment service banks but set a minimum capital base of $13 million, which could deter telecoms firms and some other potential new ...

Nigeria's Securities Exchange Commission has issued new rules that apply to all crypto product and service providers in the country. The latest development could legitimize and boost the adoption ...