cbn Archives - The Octopus News

CBN Authorizes Banks To Trade With Foreign Currency Deposits

Commercial, merchant, and non-interest banks in Nigeria can now trade with foreign currency deposits. This follows an authorization by the Central Bank of Nigeria (CBN), under...

News3 weeks ago

ZENITH BANK RECORDS REMARKABLE TRIPPLE-DIGIT TOPLINE GROWTH AS PBT HITS N1.0 TRILLION IN Q3 2024

Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2024, recording a remarkable triple-digit growth of 118% from N1.33 trillion...

Politics3 weeks ago

Rivers State Government Reacts To LG Allocations Freeze

The Rivers State government has stated that it saw the cessation of its local government allocations coming due to various developments during the court process. This...

News3 weeks ago

Atiku Reacts To Judgement On Rivers State Allocation

The Turaki Adamawa, Atiku Abubakar has urged the judiciary not to engage in acts capable of setting Rivers State on fire. Abubakar’s reaction follows Wednesday’s order...

Business1 month ago

The Critical Role of Nigerian Banks in Nation Building

The Chartered Institute of Bankers of Nigeria and the Body of Banks CEOs in Nigeria wish to express their concern over the persistent social media criticisms...

Business1 month ago

CBN Weighs In: Responds to Attempts to Misinform the Banking Public and Reasserts Its Role as Apex Banking Authority

In a show of strong support for GTCO and move to debunk false allegations being levelled against the GTCO and its Executive Management by faceless...

Business2 months ago

Fidelity Bank Stock record Over 20% Growth Following Combined Offer

Growing investor confidence and strong market participation have continue to boost optimism about Fidelity Bank’s stock as the bank experienced a remarkable 20% surge on...

News2 months ago

CBN to Continue Enforcement of Controversial Cybercrime Levy

Nigeria’s apex financial institution, the Central Bank of Nigeria (CBN), has confirmed plans to continue enforcing the controversial cybercrime levy of 0.005 per cent on all...

News2 months ago

CBN Commences Tracking Of POS Transactions

Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has officially started monitoring all Point of Sale (PoS) transactions. This follows a directive from the CBN...

News3 months ago

REVEALED! CBN Governor, Deputies Get N10 Billion Bulletproof SUVs, Jack Up Allowances Amid Hardship

As Nigeria struggles with economic hardship and inflation, Central Bank of Nigeria (CBN) Governor Yemi Cardoso and his four deputies have reportedly acquired bulletproof SUVs worth...