Tag: CBN
CBN boosts liquidity, sells $20,000 to each BDC at N1,580/$
In a circular issued on September 6, 2024, and signed by Dr. W.J. Kanya, Acting Director of the CBN's Trade…
CBN reports all-time high remittance inflows at US$553 million in July
Ali said the substantial growth in remittance receipts was attributable to policy measures introduced by the CBN to enhance liquidity…
CBN re-introduces publication of key Economic Reports
The bank said the reintroduction of these reports, part of the ongoing data enhancement initiative within the CBN, aimed to…
Liquidity: CBN offers $876m to fx market
“It will also continue to strengthen the market’s capacity to meet the needs of all legitimate participants,” she said.
CBN sells $148m to authorised dealers
CBN also sold a total of 106.5 million dollars to 29 authorised dealer banks at rates between N1,498 and N1,530…
Senate invites NNPC, CBN, NIMASA, Dangote, others for questioning over economic sabotage
Speaking at the conference on Thursday, Bamidele pledged to carry out holistic investigation into the allegations of economic sabotage in…
CBN jacks up interest rate again amidst rising inflation
The CBN had in May 2024 raised the interest rate to 26.25 percent and has now moved it to 26.75…
No plan to revoke operating licenses of Fidelity, Polaris, Wema, Unity Banks – CBN
Sidi-Ali also clarified that a circular issued by the Bank on January 10, 2024, notifying the public about the dissolution…
Revocation of Heritage Bank’s licence will stabilise financial system – Experts
He, however, said that efforts should be made to protect the depositors and employees of the liquidated bank
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…
Emefiele: Buhari, ex-SGF signatures forged to take $6.2m from CBN, witness says
Mairiga made the revelation while while testifying in the ongoing trial of Emefiele, before Justice Hamza Muazu on amended 20-count…
Investors oversubscribe CBN N1trn OMO bills
The auction was the first since last week’s Monetary Policy Committee (MPC) meeting, which was followed by a virtual meeting…
JUST IN: CBN revokes operational licenses of 4,173 BDCs
The statement said the CBN took the action in the exercise of the powers conferred on it under the Bank…
CBN begins sales of Dollars to Bureau De Change
The apex bank added that the sum of $20,000 is to be sold to each BDC at the rate of…
CBN hikes interest rate to 22.75%
Cardoso stated that the move was in a bit to tame the stubborn inflation that had not responded much to the…
BDC: CBN orders sellers above $10,000 to declare sources
Mustapha said that such sellers would also be required to comply with all Anti-Money Laundering/Combating the Financing of Terrorism (…