Tag: CBN
CBN sacks over 200 workers
In one of the sacked letters obtained, the bank said the sack was in line the new strategic direction of…
CBN continues aggressive tightening, raises lending rate to 26.25%
Mr Yemi Cardoso, the Governor of CBN said this on Tuesday in Abuja, while reading the communique from the 295th…
MPC meeting: Experts advise CBN to retain 24.75% lending rate
Some financial and economic experts have advised the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to…
Emefiele: Contractor narrates how he was forced to pay $600,000 bribe
Onyejiuwa, who is the Managing Director of The Source Computers Limited, testified in the ongoing trial of Emefiele for alleged…
Seyi Law tackles Tinubu over cybersecurity levy
Seyi Law asked the President Tinubu to allow the masses “breathe,” querying when the new minimum wage would be announced…
Why implementation of cybersecurity levy should be halted immediately – CPPE
The CBN had in a circular on Monday directed commercial banks and other financial institutions to start charging a 0.5…
How I collected $600,000 ‘bribes’ for Emefiele: Ex-CBN director
Ayoh, spoke while being led in evidence by the Economic and Financial Crimes Commission (EFCC), counsel, Mr Rotimi Oyedepo (SAN)…
Naira continues recovery, gains 7.2% against dollar
According to data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign…
CBN approves daily sales of $10,000 to 1,588 BDC operators
The Director, Trade and Exchange Department of the CBN, W.J Kanya said this in a letter addressed to the President,…
CBN reports over $1.5bn forex inflow into Nigeria’s economy
The CBN spokesperson also noted that the naira has also continued to record gains in the Autonomous Foreign Exchange market,…
Access Holdings unveils plan to raise $1.5bn capital
The announcement came less than 24 hours after the Central Bank of Nigeria (CBN) announce increase in the minimum capital…
Just In: CBN asks Nigerian banks to raise capital base
Sidi-Ali, in the statement said the new minimum capital requirements apply not only to existing banks, but also to all…
JUST IN: CBN jacks up interest rate to 24.75%
The apex bank hikes the rate from 22.75 percent to 24.75 per cent. The bank had earlier in February raised…
CBN approves sales of $10,000 to BDC at N1,251/$1
The apex bank directed the BDCs to sell to eligible users at a spread of not more than 1.5 per…
CBN resolves outstanding FX backlog, as external reserves jump to $34.11bn
According to the CBN, it employed Deloitte Consulting, an independent auditing firm, to meticulously assess the transactions, ensuring that only legitimate…