Eight Banks Meet Recap Target as CBN Holds Rate at 27.5%
By Oluwakemi Kindness The Monetary Policy Committee has confirmed that eight banks have met the CBN’s recapitalization target, signaling progress in the ongoing financial sector reforms.” Governor of the Central Bank of Nigeria, Olayemi Cardoso, stated this in Abuja on Tuesday while briefing Newsmen on the outcome of it 301st meeting. He commended the progress […]
CBN Clarifies NRBVN Charges for Nigerians in Diaspora
By Oluwakemi Kindness CBN says BVN registration remains free for Nigerians at home, clarifies $50 fee applies only to diaspora enrolment via the NRBVN platform. The Central Bank of Nigeria (CBN) has clarified that the Bank Verification Number (BVN) registration remains free for Nigerians residing in the country, dismissing rumours of new or hidden charges. […]