Tag: CBN
Kano: Court Stops CBN, Others From Withholding Local Government Funds.
A High Court of Kano State presided over by Justice Ibrahim Musa Muhammad, has issued an order to prevent federal authorities from interfering with...
Dutch Auction: CBN Sells $815.36m to 26 Banks at N1495 Per...
The Central Bank of Nigeria, CBN, has sold $815.36 million dollars to end users through 26 banks in its inaugural Retail Dutch Auction System...
CBN Introduces Dutch Auction System To Tackle Forex Shortages.
The Central Bank of Nigeria (CBN) has announced a strategic initiative through a Retail Dutch Auction System (DAS).That will address the volatility in the...
CBN Workers: Reps To Probe Mass Retrenchment.
The House of Representatives has passed a resolution to investigate the mass retrenchment in the Central Bank of Nigeria CBN.The motion was passed...
Suspend Implementation Of Cybersecurity Levy, Tinubu Orders CBN
President Bola Ahmed Tinubu has ordered the Central Bank of Nigeria, CBN to suspend the implementation of the controversial cyber-security levy policy and ordered...
Why CBN Further Restricts Crypto Trading
In a move by the Central Bank of Nigeria to halt crypto currency trading in the country, the apex bank has taken a stance...
Foreign Exchange: CBN Bans Currency Collateral For Naira Loans.
The Central Bank of Nigeria (CBN) has prohibited the use of foreign currency as collateral for Naira loans. This directive contained in a circular by Dr. Acting...
Subsidy: CBN Has No Control Over PMS, Forex- Official
The Central Bank of Nigeria said it had little or no control over the price of fuel or foreign exchange rate.A principal manager with...
Ex-CBN Gov, Emefiele Pleads Not Guilty To Firearms Charge
The suspended Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has pleaded 'not guilty' before the Federal High Court, Lagos, to a...
Bank Accounts Safety: 57.96 Million BVN Issued As CBN Threatens Accounts Closure.
The total number of issued Bank Verification Numbers rose to 57.96 million as of July 3, 2023, according to data obtained from the Nigeria...
CBN Releases Additional FX Reforms, Relaxes Restriction On Domiciliary Accounts
The Central Bank of Nigeria, CBN has announced further policy changes following new guidelines in the Foreign Exchange, FX market recently released.Director, Corporate Communications,...
Economy: Nigeria Records N930BN Two-Month Fiscal Deficits – CBN.
The Federal Government recorded N930.8bilion naira fiscal deficit in January and February 2023 according to the Central Bank of Nigeria.The CBN stated in...
Economy: Nigeria Records N930bn Two-Month Fiscal Deficits – CBN
The Federal Government recorded N930.8bilion naira fiscal deficit in January and February 2023 according to the Central Bank of Nigeria.The CBN stated in its...
Reps To Investigate N413bn Subsidy Funds Borrowed From CBN
Investigation has been launched into the 413 billion naira funds the federal government borrowed from the Central Bank of Nigeria, CBN for subsidy payments.The...
FG Borrowed N6tn From CBN In 2022 – Report
Central Bank of Nigeria, CBN says Federal Government had borrowed 6.07 trillion naira through Ways and Means Advances in 2022.According to recent data from...
Inflation: CBN Raises Interest Rate To 20.5 Per Cent.
The Central Bank of Nigeria’s Monetary Policy Committee MPC, has further increased the interest rate by 2.5 per cent to 20.5 per cent from...
USSD Debt: CBN Moves To Resolve Issues With Banks, TELCOS.
Following moves by telecommunication companies in Nigeria to disconnect bank customers from accessing online banking transactions that depend on the Unstructured Supplementary Service Data, USSD...
ACF Warns Buhari, Says Don’t Stoke Nationwide Unrest With Naira Policy
Northern leaders, under the umbrella of Arewa Consultative Forum ACF, have cautioned President Muhammadu Buhari over the Central Bank of Nigeria’s CBN naira redesign...
Naira: CBN Allows Over-The-Counter Withdrawals, POS Operators Charge 10%
Governor, Central Bank of Nigeria CBN Godwin Emefiele, has directed commercial banks to begin the payment of the redesigned naira notes over the counter.Emefiele...
Again, CBN Reviews Cash Withdrawal Limits To N500, 000,
Central Bank of Nigeria, CBN has announced an upward review of cash withdrawal limits to 500, 000 naira and 5 million naira for individuals...
