The Central Bank of Nigeria (CBN)

CBN Introduces Digital Tracker to Monitor BDC Forex Transactions

The Central Bank of Nigeria (CBN) has launched a new system to monitor how Bureau De Change (BDC) operators buy foreign exchange in the country. Under the new arrangement, all licensed BDCs must report their foreign exchange purchases through a platform called the FX BDC Purchase Tracker (FXBT). The portal will allow the CBN to […]

techictbusinessweek-ng
July 17, 2026
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CBN Relaxes Dormant Account Rules with Removal of Affidavit Requirement

The Central Bank of Nigeria (CBN) has removed the requirement for customers to present affidavits when reactivating dormant bank accounts, a move aimed at simplifying the process of reclaiming inactive funds while maintaining safeguards against fraud. In a circular issued to banks and other financial institutions, the apex bank said the decision followed representations from […]

techictbusinessweek-ng
March 17, 2026
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Business news

CBN Affirms Alpha Morgan Bank’s Capitalisation

The Central Bank of Nigeria (CBN) has affirmed the capitalisation of Alpha Morgan Bank, marking an important milestone in the bank’s growth journey and reinforcing its commitment to building a strong, resilient, and future-ready financial institution. This affirmation reflects the bank’s adherence to regulatory requirements and its strategic focus on strengthening its capital base to […]

techictbusinessweek-ng
March 9, 2026
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Tag: The Central Bank of Nigeria (CBN)

CBN Introduces Digital Tracker to Monitor BDC Forex Transactions

CBN Relaxes Dormant Account Rules with Removal of Affidavit Requirement

CBN Affirms Alpha Morgan Bank’s Capitalisation

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