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CBN Directs Banks On Unclaimed Balances, Funds In Dormant Accounts

CBN Directs Banks On Unclaimed Balances, Funds In Dormant Accounts

The Central Bank of Nigeria(CBN) has directed all banks and other financial institutions to transfer all dormant accounts, unclaimed balances and other financial assets to its dedicated account. This was contained in a circular issued…

Sell Excess Dollars In 24Hrs, CBN Tells Banks

Sell Excess Dollars In 24Hrs, CBN Tells Banks

In a renewed effort to stabilize the fluctuating exchange rate, the Central Bank of Nigeria (CBN) on Wednesday directed the Deposit Money Banks (DMBs) to offload their dollar excess reserves by February 1, 2024. This…

Moghalu Describes Emefiele As Worst Governor In Nigeria’s History

Moghalu Describes Emefiele As Worst Governor In Nigeria’s History

Kingsley Moghalu, a former Deputy Governor of the Central Bank of Nigeria (CBN) has described the embattled former CBN boss, Godwin Emefiele as the worst Governor in the history of Nigeria. Moghalu who spoke in…