CBN Raises Interest Rate from 17.5% to 18%
Central Bank of Nigeria (CBN) raised the Monetary Policy Rate from 17.5 percent to 18 percent to curb inflation. After ...
Tag: CBN
Despite CBN’s Compliance with Supreme Court, it’s Still Almost a “no Show”
With the recent compliance of the CBN with the Supreme Court's verdict, banks have been instructed to make the old ...
Emefiele Tasks African Regulators to Avoid Bank Failure
Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria, has urged Central Bank Governors and other African financial sector ...
NCC Defends Telcos over Series of Failed ePayment Transactions
The value of e-payment transactions dropped to N37.67 trillion in February 2023, largely due to the lack of robust infrastructure. ...
CBN’s Naira Redesign Policy did not Improve Electronic Payments
ePayment recorded a series of failed transactions in February - it nosedived by 4.83 percent to N37.67 trillion, down from ...
Finally, CBN Orders Banks to Receive, Dispense Old Naira Notes
A few hours after the Presidency said it did not inform the Central Bank of Nigeria not to comply with ...
CBN Denies Gov. Soludo, says “no Order has been Given to Banks”
In light of the growing currency crisis, the Central Bank of Nigeria has clarified its position on ordering commercial banks ...
Buhari Must Address Cash Crunch as Economy Tightens
Nigeria's President Muhammadu Buhari must immediately address the cash crunch already crippling the country's economy. Buhari's continued silence on a ...
Why is the CBN Reticent on Supreme Court’s Judgment?
Nigerians are still facing the hurdles of having access to cash despite the Supreme Court's recent judgment, which was delivered ...
CBN Issues Guidelines on Open Banking
The Central Bank of Nigeria (CBN) has given approval for the operation of Open Banking in Nigeria. In Nigeria, the ...
FirstBank Appoints Aishatu Bubaram as Group Executive
FirstBank of Nigeria has named Aishatu Bubaram as Group Executive, Commercial Banking North Division, making her the first female executive ...
Banks Lend N947b to Customers amid Cash Crunch
According to the Monetary Policy Committee of the Central Bank of Nigeria (CBN), Nigerian banks offered 130,854 new credits worth ...
According to IMF, 24% of CBN’s Anchor Borrowers’ Loans Were Repaid
According to the International Monetary Fund (IMF), only 24% of loans disbursed through the Central Bank of Nigeria's (CBN) Anchor ...
Federal Government says 1.9m Nigerians receive N5,000 Monthly
On Thursday, the Federal Government announced that 1,940,004 vulnerable Nigerians are currently receiving N5,000 cash gifts each month. This was ...
Six days after Presidential Election Naira Scarcity Persists
The much-anticipated presidential election is over, and the results have been announced, but Nigerians continue to struggle with access to ...