CBN
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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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Business
Cash withdrawal more than N100,000, N500,000 to attract 5%, 10% charges—CBN
In a move geared towards ensuring that it achieves the implementation of the new redesign policy of the naira,…
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Business
CBN: Naira redesign will discourage excessive cash carrying
With the dust yet to settle over the new naira redesign, the Central Bank of Nigeria (CBN) has justified…
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