Tag: CBN
What you need to know about lifting of Forex restrictions on 43 items
The restrictions pushed importers into the parallel market, contributing to the surplus demand for FOREX. This weakened the parallel-market exchange…
CBN lifts forex ban on toothpick, rice, 41 others
The bank's director of corporate communications, Dr Isa Abdulmumin said the ban was lifted as part of moves to boost…
eNaira: No cause for alarm, says CBN
AbdulMumin was reacting to a recent media report that raised concerns about Nigeria’s Central Bank Digital Currency (CBDC), eNaira, indicating…
Beneficiaries fume over recovery of COVID-19 intervention loans
The COVID-19 loans were disbursed to beneficiaries by NIRSAL, an entity owned by CBN, at an interest rate of five…
Cleaning the Augean Stable of CBN: An Imperative for Socio-Economic Advancement
We unequivocally call on all anti-corruption agencies to beam their searchlights on the operations of the Central Bank and its…
CIBN declares support for efforts by Tinubu, CBN to save the naira
CIBN also commended President Bola Tinubu for the ongoing efforts to unify the Naira exchange rate to save the country…
CBN to adopt proactive measures to halt Naira’s free fall within days
Acting CBN Governor, Folashodun Shonubi, said in Abuja that President Bola Tinubu is very concerned about some of the goings…
President Tinubu appoints special investigator to probe CBN amid Emefiele’s trial
“You are to investigate the CBN and related entities using a suitably experienced, competent and capable team and work with…
CBN relaxes restriction on domiciliary accounts
AbdulMumin said that this is in order to improve FX supply, discourage speculation, enhance customer confidence and ensure overall stability…
O Godwin Emefiele, How Art Thou Fallen!
O Godwin, where are your backers, protectors and soldiers today? You enjoyed the ride and thought it would last forever.…
Nigerians jubilate over Tinubu’s suspension of CBN Governor Emefiele
The president ordered Emefiele's suspension on Friday evening sequel to the ongoing investigation of his office and the planned reforms…
JUST IN: CBN hikes interest rate to 18.5%
He said the CBN's Monetary Policy Committee (MPC) raised the Monetary Policy Rate (MPR) by 50 basis points from 18.0% to…
Naira scarcity: NLC, TUC suspend proposed actions against CBN
The NLC had last Wednesday issued a seven-day ultimatum to the Central Bank of Nigeria, CBN to find solutions to…
Banks comply with CBN’s directive to work weekends
Banks in satellite towns of the Federal Capital Territory (FCT), on Saturday, opened for business as directed by the Central…
NLC set to picket CBN offices nationwide over Naira scarcity
He said that as at Wednesday morning, when the CWC met again to review the situation, it discovered that not…