CBN Treads Water, Leaves Key Rate Unchanged By Sahabi Abdul The Central Bank of Nigeria left its benchmark rate unchanged … More
Tag: Central Bank of Nigeria
CBN Holds Interest Rate, Bans Dollar Sale to BDCs
CBN Holds Interest Rate, Bans Dollar Sale to BDCs By Sahabi Abdul The Central Bank of Nigeria kept its benchmark … More
CBN to Introduce Digital Currency This Year
CBN to Introduce Digital Currency This Year By Sahabi Abdul The Central Bank of Nigeria plans to introduce a digital … More
CBN Holds Benchmark Rate at 11.5% as Naira Weakens
CBN Holds Benchmark Rate at 11.5% as Naira Weakens By Bashir Olanrewaju The Central Bank of Nigeria’s Monetary Policy Committee … More
CBN Intervenes at First Bank, Dissolves Board
By Bashir Olanrewaju The Central Bank of Nigeria intervened at the the country’s oldest bank by dissolving it’s board of … More
CBN Owns Up to Printing Money to Support Spending
CBN Owns Up to Printing Money to Support Spending By Bashir Olanrewaju Central Bank of Nigeria Governor Godwin Emefiele owned … More
Big Brother’s Creeping Fascism as CBN Eyes Dollar Accounts
Big Brother’s Creeping Fascism as CBN Eyes Dollar Accounts By Young Radikum The latest is that Big Brother wants to … More
Central Bank Leaves Nigeria MPC Rate Unchanged
Central Bank Leaves Nigeria MPC Rate Unchanged at 11.5% By Bashir Olanrewaju The Monetary Policy Committee of the Central Bank … More
CBN Dangles Reward for Remittances, Eyes $34 Billion
By Sahabi Abdul The Central Bank of Nigeria is offering a reward for diaspora remittances made through official channels as … More
New Cheque Design Takes Effect April 1
By Bashir Olanrewaju The current cheque design used in Nigeria’s banking system will finally be phased out by April when … More
Central Bank Retains Benchmark Rate at 11.5%
By Bashir Olanrewaju The Central Bank of Nigeria left its benchmark interest rate unchanged at 11.5 percent at the latest … More
CBN Revokes 8 Payment Licenses for Poor Performance
By Sahabi Abdul The Central Bank of Nigeria revoked the operating licenses of 8 payment service companies, citing their failure … More
New CBN Classification Rule May Roil Fintechs
By Sahabi Abdul A new classification of payments companies and their operating guidelines may roil Nigeria’s financial technology companies, many … More
CBN Eases Money Transfer Rules, Allows Dollar Payments
By Bashir Olanrewaju Nigerian recipients of international money transfers can now be paid in foreign currencies at banks of their … More
Naira Falls in Parallel Market After Emefiele’s Scolding
By Bashir Olanrewaju Nigeria’s naira currency fell almost 1 percent on Wednesday in the parallel market, just a day after … More
Naira Takes a Beating as CBN Scrambles to Shore it Up
By Sahabi Abdul The Nigerian currency maintained its weakening trend this week, peaking at 480 naira per dollar in the … More
When Will the CBN Come for Your Account?
By Chuks Emele Is your money really safe in your bank account? Or will the Central Bank of Nigeria come … More
Nigerian Banks at Risk if Contraction Persists, CBN Says
By Chuks Emele The Central Bank of Nigeria said the country’s banks will be at risk if the current economic … More
Banks Must Comply With Payments Confirmation Rules, CBN Says
By Sahabi Abdul Banks operating in Nigeria were directed by the Central Bank of Nigeria to ensure they comply with … More
Central Bank Warns Against Loan, Investment Scams
Friday, 9 October 2020 By Chuks Emele The Central Bank of Nigeria warned members of the public to be wary … More