CBN

Breaking: OPay, Moniepoint, Others To Resume Onboarding New Customers ‘In Months’ – CBN

The Central Bank of Nigeria (CBN) has announced that mobile money operators, including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint, will...

Updated: CBN raises interest rate to 26.25% amid rising inflation

The CBN’s Monetary Policy Committee (MPC) has increased the benchmark interest rate by 150 basis points, from 24.75 percent to 26.25 percent, in...

Again, CBN raises Monetary Policy Rate to 26.5%

The Central Bank of Nigeria (CBN) has again increased the Monetary Policy Rate (MPR) from 24.75 percent to 26.5 percent.The MPR is the...

Presidential intervention: CBN withdraws circular on cybersecurity levy

The Central Bank of Nigeria (CBN) has withdrawn its directive to banks and payment service providers to collect and remit the cybersecurity levy...

Reps ask CBN to suspend implementation of 0.5% cybercrime levy

The House of Representatives, during Thursday’s plenary session, has directed the Central Bank of Nigeria (CBN) to halt the implementation of the 0.5...

Western Digital launches SanDisk Desk Drive

Western Digital has launched the SanDisk Desk Drive, the latest addition tonits portfolio of external desktop SSDs. This new storage device is designed...

Reps. stand down motion for suspension of CBN’s cybersecurity levy

The House of Representatives has stepped down the motion to suspend the cybersecurity levy introduced by the Central Bank of Nigeria, which has...

List of five charges Nigerians pay for electronic transactions

Following the latest directives from the Central Bank of Nigeria (CBN) authorizing banks operating in the country to start charging a cybersecurity levy...

CBN’s Cybersecurity Levy: 16 banking transactions exempted

The Apex Bank has released a list of the 16 banking transactions that are exempt in its directive to banks to start charging...

Naira bullish gains restore confidence among investors, businesses – CBN Gov. Cardoso

The Governor of the Central Bank of Nigeria (CBN), Dr. Yemi Cardoso, said Naira bullish gains will attract foreign investment and restore confidence...

Breaking: Nigerian economy bounces stronger with over $1.5bn inflow, says CBN

The Nigerian economy has witnessed an impressive turn-around in the past few days as it records an inflow of over $1.5 billion, with...

Updated: We raised interest rate to 24.75 percent to fight inflation – CBN

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) said it hiked the benchmark interest rate by 200 basis points...

Just In: Again, CBN increases interest rate to 24.75 percent

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200 basis points to...

Don’t sell dollar above N1,269, CBN orders Bureau de Change

As part of measures to strengthen the naira against the dollar, the Central Bank of Nigeria (CBN) says it is allocating $10,000 at...

Nigeria’s inflation hits 31.70% in February – NBS

Nigeria’s inflation rate rose to 31.70 percent in February 2024 from 29.90 percent recorded in January 2024, the National Bureau of Statistics said...

Food production: CBN donates 2.15m bags of fertilizer to Fed. Ministry of Agriculture

In a bid to boost food production across the country, the Central Bank of Nigeria (CBN) says it has handed over N100 billion...