CBN

Uche Uwaleke: CBN Increasing MPR To 22.75% Is Overkill, Can Distort Economy

He also claimed that GDP rose from 2.54% in Q3 of 2023 to 3.46% in Q4 because the MPC didn’t…

8 months ago

Cardoso: CBN Focused On Creating Transparent Market Systems, Increasing FX Inflow

“Ultimately, I see a situation where people who require foreign exchange don’t have to know anybody in the banks.”

9 months ago

CBN Sacks Boards of Union, Titan Trust, Keystone and Polaris Banks

The apex bank however assured the public of the safety and security of depositors' funds. "Our banking system remains strong…

10 months ago

Johnson Chukwu: Cardoso’s Plans Dependent On CBN Ability To Control Exchange, Inflation Rates

He also stated that to ensure transparency, the institution must "walk their talk".

1 year ago

Old Naira Notes: Senate Asks CBN to Shift Deadline to June 30

It was noted that the new notes are not in circulation in the cities, talkless of the rural areas.

2 years ago

To Control Amount of Cash in Circulation, CBN Sets New Withdrawal Limits

Individuals have been restricted to N100,000 weekly while for corporates its N500,000; ATM withdrawals pegged at N100,000 weekly.

2 years ago

The CBN Governor said low revenue from oil is responsible for the current foreign exchange crisis in the country.

2 years ago

CBN Guarantees N130bn to Farmers under Agricultural Credit Scheme

The Central Bank of Nigeria (CBN) on Thursday said a total of 1,232,326 loans valued at N130.90 billion had been…

2 years ago

Femi Falana Demands CBN Dollar Regulation + Jonathan Condemns Delegate Inducement – Trending With Ojy Okpe

Senior Advocate of Nigeria and human rights advocate Femi Falana on Tuesday asked the Central Bank of Nigeria to provide…

2 years ago

No Plan to Withdraw Naira Notes from Circulation, Nigeria’s Central Bank Clarifies

The Central Bank of Nigeria (CBN) on Saturday debunked reports that it planned to replace the conventional Naira notes in…

2 years ago

Rice Farmers Buy APC Presidential Forms for Nigeria’s Central Bank Chief Emefiele

A coalition of rice farmers and other crop growers on Friday moved to drag the Governor of the Central Bank…

2 years ago

CBN’s Crackdown on Cryptocurrency Trading Results in N1.3bn Fines for Six Banks in 2021

It emerged on Friday that six banks were fined N1.315 billion by the Central Bank of Nigeria (CBN) in the…

3 years ago

Over 80% of Central Banks Considering Launch of Digital Currencies, PwC Says

The vast majority of central banks in the world are considering launching a central bank digital currency (CBDC), according to…

3 years ago

CBN Unveils Maize Pyramids In Kaduna

In line with President Buhari's administrations vision of producing what we consume and reducing import bill, The Central Bank of…

3 years ago

CBN Has Enough FX to Meet Market Demand: Report

Amid a spate of measures being put in place by the Central Bank of Nigeria (CBN) to reduce pressure on…

3 years ago

Nigeria: CBN Introduces Single Window Price Portal for Imports and Exports

The Central Bank of Nigeria (CBN) on Friday said effective February 1, 2022, all import and export operations would require…

3 years ago

CBN Spends 1 Trillion Naira On Farmers

Nigeria will soon commence the export of rice. This was announced at the unveiling of the largest rice pyramids in…

3 years ago

Buhari to Unveil CBN’s eNaira on Monday

President Muhammadu Buhari will on Monday formally launch the Nigerian Central Bank Digital Currency (CBDC), known as the eNaira at…

3 years ago

Nigeria: CBN Directs Banks to Adopt Official FX Rate for Cross-Border Payments

All Nigerian commercial banks have been directed by the Central Bank of Nigeria (CBN) to adopt the exchange rate in…

3 years ago

Nigeria: UBA Publishes Names, Account Details of Forex Defaulters

The United Bank for Africa (UBA) has published the names and account numbers of some customers who allegedly defied the…

3 years ago