Tag: CBN

The PSBs are required to comply with relevant extant regulations and CBN’s prudential guidelines and circulars which are issued periodically.

On Monday, October 25, 2021, in the State House in Aso Villa, President Muhammadu Buhari formally introduced the digital currency.

“Part of the proposition of the bank is that this National Domestic Card scheme will be created to help drive ...

Government's contingent liabilities as a share of GDP fell from 2.75% in 2020 to 2.64% in 2021

Manufacturers said that other nations, such as South Africa, previously supported these measures as a way to promote industrial activity.

...Emefiele woos investors

CBN would require that foreign banks pay a non-refundable application charge of N5,000,000 and a non-refundable license fee of N10,000,000.

The suspension will last until the Asset Management Corporation of Nigeria (AMCON) and the Nigeria Deposit Insurance Corporation (NDIC) had ...

According to the Federal Government, the National School Feeding Program cost approximately $100 million to feed 10 million Nigerian children. ...

... if allowed would make the CBN a, “statutory corporation under the law, to become a ministry or a mere ...

The value of the Nigerian Naira plunged to a new record low on Thursday morning, trading at a minimum of ...

The CBN had also intervened by releasing $265 million to clear part of the forex backlog.

For e-commerce, we have seen a 9.946 percent increase between July and September, and this remains very encouraging.

To combat growing inflation, the Central Bank of Nigeria's (CBN) policy-setting council increased the Monetary Policy Rate (MPR), which measures ...

Wheat farmers received N41 billion in intervention funds to help with output, according to Heritage Bank Executive Director George Oko-Oboh, ...