CBN
Issuance of new Naira notes: What you need to know
On Wednesday, October 26, 2022, the Central Bank Governor, Mr Godwin Emefiele, announced as follows: *The redesigned new banknotes of N100, N200, N500,...
Risk of recession is rising says IMF boss Kristalina Georgieva
The International Monetary Fund (IMF) managing director Kristalina Georgieva has warned of rising recession risks as the lender downgrades its growth forecast for next year...
Again, CBN raises monetary policy rate to 15.5%
Following the rising rate of inflation, the Central Bank of Nigeria (CBN) Monetary Policy Committee unanimously voted to raise the benchmark interest...
We don’t operate secret account, all accounts domiciled in CBN, NNPCL clarifies
The Nigeria National Petroleum Company Ltd (NNPCL) says with such multiple layers of checks and balances by the Federal Government departments and agencies,...
$464m trapped funds: CBN releases $265m to foreign airlines
After several appeals and interventions to the Federal Government to save the nation’s aviation industry from total collapse, the Central Bank of Nigeria...
Arewa Consultative Youths Movement distances self from call for NNPC’s probe over dollar remittance to CBN
The Arewa Consultative Youths Movement has dissociated itself from a statement credited to it calling for the probe of the Nigerian National Petroleum...
CBN Gov. Emefiele goofed! NNPC actually remitted $2.7bn into its CBN account from Jan. to June 2022 – PSN check
Contrary to the claim of zero-dollar remittance into Nigeria’s foreign reserve by the Nigerian National Petroleum Company Ltd (NNPCL) by the Governor of...
Naira free-fall: CBN Governor’s blame game draws ire, swipe from group, calls for his sack
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele’s statement blaming the current free-fall of the Naira against other major...
Nigeria needs deep dive into non-oil exports — Zenith Bank founder, Jim Ovia
The Founder and Chairman, Zenith Bank Plc, Jim Ovia, has advised the federal government on the need to deep-dive into non-oil exports. According...
CBN increases benchmark interest rate to 14% as inflation hits all-time high 18%
The Central Bank of Nigeria has voted to increase the benchmark interest rate (Monetary Policy Rate) to 14 per cent from 13 per...
Over 200 illegal refineries operating in Nigeria, says Mele Kyari
The Group Managing Director and CEO of the Nigerian National Petroleum Company (NNPC) Ltd, Malam Mele Kyari, has disclosed that over 200 illegal...
How Forex scarcity, power outage, others trigger food inflation, food insecurity, short-changing of consumers by manufacturers
“How much do you sell your Grand loaf bread?” , a shopper asks a young man who owns a provision shop beside the...
Nigeria is withholding $450 million in payments due to foreign airlines – IATA
“The excuse was that 'we don't have hard cash and this is why we can't do it' but you have to note that...
Sensitive election materials not to be kept with CBN again, says INEC boss
Ahead of the June 18, 2022 Ekiti State Governorship polls, the lndependent National Electoral commission (INEC) says sensitive electoral materials will not...
CBN’s Anchor Borrowers’ Programme disbursement hits N1.01trn in May 2022
The Central Bank of Nigeria (CBN) says it has distributed a total of N1.01 trillion to over 4.2 million smallholder farmers under the...
Access Bank moves to dominate agency banking business in Nigeria
In its bid to enhance financial inclusion, Access Bank says it is poised to increase its customer base and deepen wallet share of...
