Tag: CBN
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...
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.
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...
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...
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: 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...
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...
Withdrawal Limit: Senate To Debate CBN’s Cash Policy Today
The Senate has decided to debate the cash withdrawal limit policy of the Central Bank of Nigeria, CBN on its floor.
CBN Grants N9.714tr Credit To The Economy In Three Years
Central Bank of Nigeria, CBN has disbursed 9.714 trillion naira in financial interventions to different sectors of the economy in the last...
CBN: Buhari Writes Senate, Seeks Confirmation Of Deputy Governors For Second Term
President Muhammadu Buhari is seeking the Senate’s Approval to confirm the nominations of Aisha Ahmad and Edward Adamu as deputy governors of...
CBN Says Hoarding, Counterfeiting, Reasons For Naira Redesigning
The Central Bank of Nigeria CBN said counterfeiting and hoarding were the reasons for redesigning and issuing new naira notes.
Naira Redesign: It Is Not An Economic Priority,CISLAC Carpets CBN
The Civil Society Legislative Advocacy Centre, CISLAC, has said that the Central Bank of Nigeria, CBN, plan to redesign the 200, 500...
EFCC Hails CBN’s Move To Clampdown On Currency Hoarders
The Economic and Financial Crimes Commission EFCC has applauded the move by the Central Bank of Nigeria CBN to redesign and reissue...
Alleged Dollar Non-Remittance: Presidency Wades Into CBN, NNPC Feud
The presidency has waded into the controversy raging between the Central Bank of Nigeria, CBN, and the Nigeria National Petroleum Corporation Limited,...
Fuel Imports: $1.04bn Spent By Nigeria In 2021 – CBN
The quantity of foreign exchange used for the importation of petroleum products into Nigeria fell to $1.04bn last year from $1.32bn in...
Nigeria: Selling FOREX To Banks To End In 2022 – CBN
The Central Bank of Nigeria, CBN, has put Deposit Money Banks on notice that it will stop selling forex to them by...
Nigeria: CBN’s Naira Support Dips Foreign Reserves Despite Rising Oil Prices
Nigeria's external reserves continued its depletion as the Central Bank of Nigerian, CBN, maintained its support for the Naira, dropping by $537.45...
Food Security: Association Creates Maize Pyramid As Loan Repayment To CBN’S...
The Maize Association of Nigeria, MAAN has initiated a maize pyramid in Kaduna State as part of its loan repayment under Central...
State Of The Nation: Nigeria Living On Extra Time, Sanusi Warns
Ex-governor of Central Bank of Nigeria, CBN, and former Emir of Kano, Muhammadu Sanusi II declared that Nigeria is living on extra...
Paddy Production: Emefiele Says Apex Bank To Support Rice Mills
The Central Bank of Nigeria, CBN is set to provide financial support to rice mills to boost paddy production for enhanced production...
