Central Bank Of Nigeria news

Sunday Salam-Alada, the Director, Consumer Protection Department, Central Bank of Nigeria (CBN) at a workshop in Benin said electronic fraud losses in the banking system are projected to reach N6.1 trillion by 2021.

The governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has revealed that Nigeria has saved not less than $800 million following the country's decision to cut down its importation of goods like rice, sugar and wheat.

According to the latest report of the Central Bank of Nigeria (CBN), Nigerian financial institutions have lost not less than N12bn in about six months. CBN said this was greater than the N0.78bn and $0.03m suffered in 2017.

The Central Bank of Nigeria on Friday, November 2, reportedly said two foreign banks, HSBC and UBS, have closed their offices in Nigeria. However, the apex bank did not give reasons for the shutdown of operations of the two banks.

The Bankers Committee on Thursday, October 4, those who “spray” naira notes at parties risk going to jail for six months or earning a fine of N50,000 after trial by mobile courts that would be deployed nationwide.

The apex bank in Nigeria, Central Bank (CBN), has vowed to revoke the operating licences of not less than 182 microfinance institutions in the country, adding that those affected banks are financial firms across the federation.