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Read more about the article Central Bank of Nigeria Introduces N100 Million Penalty for Inadequate Forex Documentation
Central Bank of Nigeria Introduces N100 Million Penalty for Inadequate Forex Documentation
General News / Politics

Central Bank of Nigeria Introduces N100 Million Penalty for Inadequate Forex Documentation

Central Bank of Nigeria has rolled out a stringent new measure to strengthen compliance in the foreign exchange market. Banks that process foreign exchange transactions with inadequate or incomplete documentation…

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June 6, 2026
Read more about the article 30 Banks Successfully Meet CBN New Minimum Capital Requirements Ahead of March 31 Recapitalisation Deadline
30 Banks Successfully Meet CBN New Minimum Capital Requirements Ahead of March 31 Recapitalisation Deadline
General News

30 Banks Successfully Meet CBN New Minimum Capital Requirements Ahead of March 31 Recapitalisation Deadline

The Central Bank of Nigeria (CBN) has confirmed that 30 banks have successfully complied with the new minimum capital requirements under the ongoing recapitalisation programme, marking a major milestone with…

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March 7, 2026

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