CBN, NIBSS launch AfriGo, Nigeria’s first National Domestic Card Scheme
The Central Bank of Nigeria (CBN) says it has collaborated with the Nigerian Inter-Bank Settlement Systems (NIBSS) to launch the National Domestic Card Scheme ‘AfriGo’ […]
Central Bank of Nigeria (CBN)
Against projections, CBN raises interest rate to 17.5%
Against projections by some experts, the Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) has increased the monetary policy rate by 100 basis […]
Nigeria’s rising inflation consistent with global trend – Emefiele
Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN) on Friday said the steady increase in headline inflation from 15.60 per cent in January to […]
20 teams battle in CBN’s Financial Institutions football competition
No fewer than 20 teams will slug it out beginning from Wednesday as the 2022 All Financial Institutions Football Competition (AFIFC), sponsored by the Central […]
CBN headquarters FC lifts 41st Governor’s cup in A’Ibom
The Central Bank of Nigeria (CBN), Abuja Headquarters Football Club have emerged winner of the 41st edition of the CBN Governor’s Cup competition in Uyo. […]
2023: Redesign of naira notes ‘ll curb money politics – YPP
The Young Progressives Party (YPP) has lauded the planned redesign of naira notes by the Central Bank of Nigeria (CBN) saying it will help curb […]
EFCC lauds CBN’s move to clampdown on currency hoarders
The Economic and Financial Crimes Commission (EFCC) has applauded the move by the Central Bank of Nigeria (CBN) to redesign and reissue higher denominations of […]
Increased MPR will put pressure on private sector – Economist
An economist, Prof. Evans Osabuohien says the increase of Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) Central Bank of Nigeria (CBN) will […]
Reps frown at discrepancies in 2021 remittances
The House of Representatives Committee on Finance, has frowned at discrepancies in the figures of Office of the Accountant General of the Federation (OAGF) and […]
Experts commend CBN for injecting $265m into aviation sector
Some stakeholders have commended the Central Bank of Nigeria (CBN) for injecting $265million into the nation’s aviation sector. This action, the stakeholders said would bailout […]
CBN increases benchmark interest rate to 14%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday increased the Monetary Policy Rate (MPR) to 14 per cent from […]
Monetary policy alone cannot solve FX challenges – Emefiele
In the face of rising demand for foreign exchange for goods, services, and other needs, the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele […]
CBN to introduce USSD code to improve eNaira
The Central Bank of Nigeria (CBN), says it is set to introduce the Unstructured Supplementary (USSD) code as part of steps to improve the Central […]
INEC says sensitive election materials no longer to be kept with CBN
The Chairman of the independent National Electoral Commission (INEC), Mahmood Yakubu, says sensitive electoral materials will in the meantime no longer be routed through the […]
CBN raises MPR to 13%, retains other parameters
For the first time in over two years, the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 13 per cent. […]
Court orders CBN, NDIC to pay Bank Workers N5.7bn
The National Industrial Court sitting in Lagos has ordered the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) to pay over […]
CBN warns banks against ‘composed’ banknotes in their deposits
The Central Bank of Nigeria (CBN), has warned Deposit Money Banks (DMBs) to stop bringing “composed banknotes ” as part of their deposits with the […]
TNG demands immediate dismissal of Wema Bank CEO Ademola Ademise
By JOY ADARA, Abuja – The Transparency Nigeria Group (TNG) has called on the Central Bank of Nigeria (CBN) to immediately dismiss Mr Ademola Ademise, […]
CBN retains MPR at 11.5%, other parameters remain constant
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 per […]