Search Result for: cbn
Just in: Abuja Court bars CBN from releasing statutory monthly allocations to Rivers State Govt
A Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) from further releasing monthly financial allocations to the...
Reps to CBN: Withdraw old naira notes before December 31 deadline
The House of Representatives has called on the Central Bank of Nigeria (CBN) to begin the gradual withdrawal of old N200, N500,...
For the umpteenth time, CBN raises interest rate by 50 basis points to 27.25%
For the fifth time, the Central Bank of Nigeria (CBN) has announced another increase in its Monetary Policy Rate (MPR), raising it...
CBN Reintroduces Cybersecurity Levy
After it was rejected in May by Nigerians, the Central Bank of Nigeria (CBN) is to reintroduce the Cybersecurity Levy on electronic...
CBN directs payment service providers to begin PoS transaction tracking
The Central Bank of Nigeria (CBN) has released a new directive to Payment Service Providers (PSPs), requiring them to comply with enhanced...
Reps approve a 10% increase for FG in CBN’s Ways and Means amid heated debate
Rowdiness and disorder took over during an emergency plenary session convened by House of Representatives Speaker Tajudeen Abbas on Wednesday in Abuja....
CBN dragged to court over alleged missing N100bln dirty Naira notes
For failing to account for N100 billion dirty naira notes, the Central Bank of Nigeria (CBN) has been taken to court by...
Breaking: Again, CBN increases interest to 26.75 percent
The Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), also known as the benchmark interest rate, by 50...
CBN targets $1trn economy by 2030
The Central Bank of Nigeria (CBN) is targeting a $1 trillion economy by 2030, its governor, Dr. Olayemi Cardoso, has said. He...
CBN sells $122.67m to 46 authorized FX dealers
The Central Bank of Nigeria (CBN) says it has sold $122.67 million to 46 authorized dealers as part of its effort to...
Senate investigation resumes as AGF presents documents on FG’s N30trn CBN loan
The Senate Committee investigating the N30 trillion Ways and Means loans obtained by the Federal Government from the Central Bank of Nigeria...
CBN gets 7 days ultimatum to account for missing N100bn dirty notes, public funds
SERAP said the allegations are documented in the latest annual report recently published by the Auditor-General of the Federation. The Socio-Economic Rights...
Court orders final forfeiture of $1.4m linked to ex-CBN Gov. Emefiele
A Federal High Court in Lagos, presided over by Justice Ayokunle Faji, has issued a final order for the permanent forfeiture of...
Glory days ahead for the naira – CBN Gov. Cardoso
Dr. Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), says the apex bank is pleased with the progress it...
CBN issued IMTOs Naira access to boost remittances
The Central Bank of Nigeria (CBN) says it has implemented new measures to allow eligible international money transfer operators (IMTOs) to access...
CBN dissolves boards of Union, Keystone, Polaris Banks
The Central Bank of Nigeria (CBN) has announced the dissolution of the boards of directors of three major banks – Polaris Bank,...
