All posts tagged "CBN"
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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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