CBN Takes Firm Stand, Gives Chairmen with Unpublished Accounts 12-Month Deadline
The Central Bank of Nigeria (CBN) has issued a directive in its Monetary, Credit, Foreign Trade and Exchange Policy Guidelines ...
Tag: CBN
CBN Expands eNaira Features, Maintains 5% Cap on Government Short-Term Funding
The CBN’s strategy includes the forthcoming release of eNaira version 2.0
Nigeria’s Inflation Rate Drops to 32.15%
Nigeria’s inflation rate has dropped for the second consecutive month, falling to 32.15% in August 2024, as food prices eased ...
CBN, Stakeholders Push for Stronger Financial Inclusion of People with Disabilities
This call was made during a one-day workshop organized by the Consumer Advocacy and Empowerment Foundation
CBN Approved Sale of US$20,000 To Eligible BDC
The Central Bank of Nigeria (CBN), has approved the sale of US$20,000 to eligible Bureau De Change Operators in Nigeria. ...
Rising Inflation: Nigerians to Spend Nearly 54.9% Income on Food in Next Six Month, CBN Reports
The rising inflation rate will force Nigerian households to spend the largest amounts of their earnings on food in the ...
Nigeria’s Foreign Trade Payments Crash by 57%
The official statistics released by Central Bank of Nigeria (CBN), has indicated that Nigeria's letter of Credit by 57% in ...
Recapitalisation: CBN Joined by SEC, NDIC to Verify Bank
A high-level tripartite committee of the three major regulators of the financial services sector has been formed to scrutinise new ...
FX: Research Group Faults CBN’s Policy Somersault
Pol Eco Analytics, an Abuja-based economic and development research organisation, has flayed the Central Bank of Nigeria (CBN’s) policy somersaults ...
MAN Cautions CBN on Increase in Interest Rate
The Manufacturers Association of Nigeria (MAN) has reacted to the recent decision by the Central Bank’s Monetary Policy Committee (MPC) ...
Maintaining Liquidity: CBN Sells $122.67 Million to 46 Authorized Forex Dealers
The Central Bank of Nigeria (CBN) has sold about $122.67 million to 46 authorized dealers as part of its efforts ...
CBN Directs Banks, BDCs to Accept Lower US Dollar Denominations
The Central Bank of Nigeria (CBN) has issued a directive to Deposit Money Banks (DMBs) and authorised forex dealers, directing ...
CBN, FintechNGR Chart the Way Forward to Enhance Nigeria’s Fintech Ecosystem
In light of recent developments aimed at strengthening Nigeria’s fintech sector, Ade Bajomo, president of the Fintech Association of Nigeria, ...
CBN discontinues price verification system 10 months after launch
The Central Bank of Nigeria (CBN) says it has officially discontinued its Price Verification System (PVS) portal just ten months ...
CBN Issues IMTOs Naira Access To Drive Remittances
The Central Bank of Nigeria (CBN), issued new measures to facilitate naira liquidity and raise diaspora remittances.
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