CBN
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Uncategorized
CBN orders banks to load ATMs, issues warning against disbursing cash to naira hawkers
The Central Bank of Nigeria (CBN), has ordered banks to ensure cash is available in Automated Teller Machines (ATMs) across…
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Uncategorized
Inflation: Nigerians set priorities, to spend income on feeding, transportation, health care
Households have expressed pessimism over the rising costs of living in the country, and have projected that costs of transportation,…
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News
CBN approves Unity, Providus banks merger
The Central Bank of Nigeria (CBN) on Tuesday announced the approval for a pivotal financial accommodation to support the proposed…
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News
CBN to banks: Deposit unclaimed balances, funds in dormant accounts
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to deposit unclaimed balances and funds in…
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News
Nigeria’s external reserves surge to $35bn for first time in over one year
Nigeria’s external reserves increased to $35.05 billion on July 8, making the highest surge since May 30, 2023. According to data…
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News
Emefiele moved money from CBN through his wife – Witness tells court
Ifeoma Ogbonnaya, a Business Relationship Manager with Zenith Bank PLC, has told a Lagos High Court sitting in Ikeja, how former governor…
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News
CBN directs BDC operators to reapply for licence, issues reviewed guidelines
In a move aimed to sanitize the foreign exchange market, the Central Bank of Nigeria (CBN) has issued regulatory guidelines…
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Business
IMF tells FG to conclude securitisation of N23.7trn loan from Central Bank of Nigeria
As the Nigerian economy continues to get battered by the twin challenges of naira scarcity and shortage and high cost…
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Business
IMF urges Central Bank of Nigeria to extend February 10 deadline for old naira notes
A wise word of counsel has come from the International Monetary Fund (IMF), who has urged the Central Bank of…
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Business
Central Bank of Nigeria raises interest rate to 17.5%
The Central Bank of Nigeria (CBN) has jerked up the monetary policy rate (MPR), which calculates interest rate, from…
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