Central Bank of Nigeria (CBN)
CBN Sets Daily POS Transaction Cap at N100,000 for Agents
The Central Bank of Nigeria (CBN) has introduced a new policy aimed at promoting a cashless economy and enhancing the security and accountability...
Illicit mint naira sale: CBN slaps N150m fine on erring banks
The Central Bank of Nigeria (CBN) has introduced a strict measure to combat the illicit trade of new naira notes, imposing a hefty...
Amid High Inflation Rate, IMF Pledges Support for Nigeria’s Economic Reforms
International Monetary Fund (IMF) President Kristalina Georgieva and her team met with President Bola Tinubu in Rio de Janeiro on Wednesday, reaffirming the...
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 to...
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 transactions....
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 routing...
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 basis...
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 also...
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)...
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 and...
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 naira...
CBN denies plans to revoke licences of Unity Bank, Polaris Bank, Keystone Bank
The Central Bank of Nigeria (CBN) has described as false the news that it is planning to revoke the licenses of Unity, Polaris,...
Naira surges by 9.68% at the official window, closing at N1,339.33/$1
The Nigerian naira appreciated significantly against the US dollar on Monday, closing the day at N1,339.33/$1 in the official foreign exchange market. This...
CBN directs banks to charge 0.5% cybersecurity levy on transactions
The Central Bank of Nigeria (CBN) has directed banks to implement a 0.5 percent cybersecurity levy on transactions by customers. In a statement,...
CBN sells fresh dollars to BDCs at N1,021/$ as naira loses steam
The Central Bank of Nigeria (CBN) has issued another circular to Bureau De Change (BDC) operators, informing them that direct sales of US...
Dr. Kingsley Obiora: A Renowned Economist and Champion of Economic Development
By Sunday Adebayo Dr. Kingsley Obiora, a former Deputy Governor of the Central Bank of Nigeria (CBN), is a highly respected economist with...
