CBN

CBN Retains Monetary Policy Rate at 27%

The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has decided to maintain the country’s monetary policy rate (MPR) at 27%. Apex bank’s...

CBN, SEC Collaborate on Cryptocurrency Framework – CBN Gov. Cardoso

The Central Bank of Nigeria (CBN) is working closely with the Securities and Exchange Commission (SEC) to develop a sustainable framework for digital...

LG Funds Dispute: Court Hears Osun Govt Suit Against AGF, CBN

Justice Emeka Nwite of a Federal High Court, Abuja, on Monday, September 8, heard a suit filed by the Osun State Government against...

Naira Falls to Dollar, Rises Against Pound and Euro in Mixed Forex Performance

The Nigerian naira depreciated by N1.68/$ and 0.1% against the US dollar, settling at N1,535.9/$ compared to N1,534.29/$ at the previous market close....

N579bln Judgment Set Aside: CBN, NIPOST Win Appeal Court Case

The Court of Appeal in Abuja on Wednesday overturned a Federal High Court judgment that had directed the Central Bank of Nigeria (CBN)...

CBN Maintains Status Quo: Interest Rate Remains at 27.50%

The Central Bank of Nigeria (CBN) Monetary Policy Committee has retained the country’s interest rate at 27.50 percent. CBN Governor Olayemi Cardoso disclosed...

Just in: Court rejects bid to block CBN’s use of e-Naira trademark, adjourns until June 26 

E-Naira Payment Solutions Limited’s bid to block the Central Bank of Nigeria (CBN) from utilizing the e-naira trademark to boost the nation’s economy...

Just in: Ex-Rivers Deputy Speaker Sues FG, CBN, Others Over Release of LG Funds to Administrator

A legal challenge has emerged for the Rivers State Sole Administrator, retired Vice Admiral Ibok-Ete Ibas as former Deputy Speaker Marshall Stanley-Uwom has...

CBN Approves Cash-Based BTA for 2025 Hajj Pilgrims

The Central Bank of Nigeria (CBN) has approved a cash-based Basic Travel Allowance (BTA) for Nigerian pilgrims embarking on the 2025 Hajj. This...

Naira Depreciates to ₦1,585/$ in Parallel Market, ₦1,546/$ in Official Market

The Nigerian currency, the Naira, has continued its downward trend, depreciating further at both the parallel and official markets. According to data published...

Tinubu Nominates Melvin Ayogu into CBN Board, Seeks Senate Confirmation

President Bola Tinubu has nominated Melvin Ayogu into the board of the Central Bank of Nigeria (CBN), and has requested Senate confirmation for...

CBN appoints 16 directors to strengthen its operations

The Central Bank of Nigeria (CBN) has taken a significant step to bolster its leadership by appointing 16 new directors to head key...

CBN Extends Deadline for BDCs to Access Forex Market Until May 30

The Central Bank of Nigeria (CBN) has granted eligible Bureau de Change (BDC) operators more time to access the Nigerian Autonomous Foreign Exchange...

CBN Slams N1.35bln Fine on Nine Banks for Cash Scarcity

The Central Bank of Nigeria (CBN) has imposed a total fine of N1.35 billion on nine deposit money banks (DMBs) for failing to...

Breaking: CBN Raises Benchmark Interest Rate to 27.50% Amid Inflation

For the umpteenth time, the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR) by 25 basis points to 27.50%...

Nigeria’s Domestic Debt Reaches N66.957trn in H1 2024

Nigeria’s domestic debt stock has surged to N66.957 trillion in the first half of 2024, representing an 8.74 percent increase from N61.578 trillion...