All posts tagged "CBN"
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CBN Fines Naira Supply Hawkers N150m, Warns Banks Over Illegal Mint Naira Circulation
December 14, 2024The CBN warned that banks engaging in cash hoarding, diversion, or any other actions that impede...
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BREAKING: CBN Increases Interest Rate To 27.50 Percent
November 26, 2024Governor Cardoso explained that the move was necessary to address persistent inflationary challenges
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CBN Withdraws Monetary, Credit Policy Guidelines Over Misinterpretation Concerns
September 20, 2024The Guidelines may be adjusted by the CBN without prior notice, to address new developments in...
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CBN Raises Interest Rate To 26.75% As Inflation Surges To New Heights
July 23, 2024The MPC expressed concern that persistent food inflation and increasing energy costs were continuing to destabilize...
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CBN Mandates Banks To Charge 0.5% Cybersecurity Levy On Customers
May 7, 2024The apex bank said that the implementation of the levy would start two weeks from the...
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Naira Depreciates To N1,234/$ At Official Market, Speculators Resume Hoarding
April 23, 2024At the parallel market, currency traders sold the dollar between the rate of N1,250 and N1,270
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CBN Crashes Dollar To N1,117.5/$ With Fresh FX Sales To BDCs
April 8, 2024The BDCs are in turn to sell to eligible end users at a spread of not...
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First Bank Faces Boardroom Turmoil Amidst Recapitalization Threat
April 3, 2024The turmoil within the bank's governance structure has been triggered by protests from shareholders
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CBN Reports Over $1.5bn Forex Inflow
March 29, 2024The MPC meeting resulted in a two-percent increase in the benchmark interest rate, rising from 22.75%...
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Buhari’s Signature Forged To Withdraw $6.2m From CBN – Former SGF
February 14, 2024In all the correspondences I have received from Buhari, it has never had ‘please accept the...
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BREAKING: President Tinubu Moves Revenue From Crude Oil Sales To CBN
January 29, 2024NNPCL over the years has maintained sole control over crude oil
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Ex-CBN Gov Sanusi Backs Relocation Of Key Depts To Lagos
January 25, 2024The former CBN Governor alleged many employees are children of politically exposed individuals
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Court Grants Emefiele Permission To Travel Out Of FCT
January 18, 2024The charges against the former governor of the CBN have been amended from 6 to 20.
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CBN Injects $61.64 Million To Boost Naira, Supports Foreign Airlines
January 8, 2024With the aim of alleviating the current pressure on the country’s exchange rate.
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CBN To freeze Bank Accounts Without BVN, NIN Starting April 2024
December 2, 2023The bank will also carry out a “comprehensive BVN and NIN audit shortly
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CBN Injects $1 Billion To Clear FX Forwards
November 3, 2023It will come as a relief to local lenders, who have been struggling to meet demands
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CBN Confirms Emefiele’s Resignation, Cardoso Assumes Office
September 22, 2023Dr. Cardoso and his fellow appointees were designated to their respective positions at the Bank on...
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CBN Governor: Tinubu Expresses Deep Concern Over Persistent Naira Depreciation
August 15, 2023We are doing things which will significantly impact the market in a few days time and...
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CBN Mandate Banks To Obtain Customers’ Social Media Handles
June 25, 2023CBN to enforce compliance with customer due diligence measures in line with the CBN AML, CFT...
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CBN Grants Banks Freedom To Trade Forex At Any Rate
June 14, 2023Banks can now sell forex at market-determined rates
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Investigate INEC, Not CBN – Labour Party Chide Tinubu
June 11, 2023The Labour Party on Saturday said it party is disturbed by the decision of President Bola...
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What To Know About The Acting CBN Governor, Folashodun Shonubi
June 10, 2023President Bola Tinubu on Friday appointed Folashodun Adebisi Shonubi, Deputy Governor (Operations), Central Bank of Nigeria...
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CBN Denies Devaluing Naira To 630/$1
June 1, 2023The bank advised the public to ignore the news report in its entirety
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CBN Devalues Naira To 630/$1
June 1, 2023Whereas the black market rate averaged N730/$, the I&E window finished at suppressed N447/$ on average.
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CBN Revokes Licenses Of 132 Microfinance Banks
May 24, 2023They also failed to comply with the obligations imposed upon them by the Central Bank of...
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BREAKING: CBN Succumb To Pressure Says Old N200, N500, N1,000 Notes Remain Legal Tender Till Dec 31
March 13, 2023Consequently, all concerned are directed to conform accordingly
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BREAKING: CBN Directs Banks To Collect Old N1,000, N500- Soludo
March 13, 2023Residents should report any bank that refuses to accept deposits of the old notes.
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We Didn’t Direct Banks To Disburse Old Notes – CBN
March 8, 2023The Central Bank of Nigeria (CBN) has said that it never issued a fresh directive to...
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CBN Appoints Abdulmumin As New spokesman
February 25, 2023The Central Bank of Nigeria (CBN) has appointed Isa Abdulmumin as the Acting Director of Corporate...
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Old Naira Notes Remain Legal Tender – Supreme Court To Nigerians
February 22, 2023Interim injunction to allow the old naira notes to be in circulation pending the determination of...
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2023 Election: INEC Get Cash For Election
February 22, 2023The issue of the cash crunch has been resolved and our resident electoral commissioners have started...
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Governor El-Rufai Insists Old Notes Remain Legal Tender In Kaduna
February 17, 2023The Kaduna State Government and its agencies shall seal any facility that refuses to accept the...
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Court Bar Buhari, CBN Not To Extend Deadline For Naira Swap
February 7, 2023This Order shall be for an initial period of Seven Days
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Banks Will Accept Old Naira Notes After Deadline – Emefiele
February 1, 2023You will not lose your money.
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Breaking: CBN Bows To Pressure, Extends Naira Notes Change Deadline
January 29, 2023Central Bank Governor Godwin Emefiele has bowed to public pressure and extended the deadline for the...
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CBN Unveils National Domestic Card Scheme, Ban Dollar Charges On Card Transaction
January 27, 2023The new scheme is set to provide more options for domestic consumers
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Naira Note: House Of Reps Threaten To Issue Warrant On Emefiele
January 26, 2023The lawmakers had set up a committee to investigate these claims and seek ways to resolve...
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I Don’t Know Quantities Of New Notes Printed — CBN Deputy Governor
December 22, 2022The lawmakers wondered why she would not be aware of the figure
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BREAKING: CBN Increases Cash Withdrawa Limit To N500,000 Weekly
December 21, 2022All banks and OFls are to note that aiding and abetting the circumvention of this policy...
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BREAKING: Reps Orders CBN To Suspend New Cash Withdrawal Limit
December 8, 2022Mark Gbillah lamented that the law would grossly affect small businesses and the economy
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CBN Limits Cash Withdrawals To N100,000 weekly, N20,000 Per Day At POS
December 6, 2022Banks have also been directed to load only N200 and lower denominations into their ATM.
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Buhari: CBN Has My Backing To Redesign Baira Notes
October 31, 2022People with illicit money buried under the soil will have a challenge with this
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Livestock Production Will Boost State’s Economy, Create More Jobs For Youths- Gov. AbdulRazaq
July 22, 2022Poultry Farm will serve as an avenue to create employment opportunities for the people of Kwara.
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RT200: CBN Says FX Repatriation Hits $2.9 Billion In June
July 19, 2022The RT200 Non-Oil Export Proceeds Repatriation Rebate Scheme aims to increase the country’s foreign reserves by...
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