Tag: CBN
Senate summons CBN Governor over free fall of Naira
Cardoso is to appear before the Senate Committee on Banking, Insurance and other Financial Institutions to answer questions on the…
North and Tinubu’s back-to-Lagos moves
However, it appears that Northerners who think the document is some sinister roadmap to dominate and subdue other parts of…
Sanusi counters Northern agitation: ‘Relocating CBN departments to Lagos in order’
According to Sanusi, northern politicians would shout that "this is moving from Abuja to Lagos. Abuja is a federal capital,…
CBN announces first MPC meeting under Cardoso
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) has scheduled the first Monetary Policy Committee (MPC) meeting, under the…
Just In: CBN appoints new CEOs for Union, Keystone, Polaris Banks
The CBN had on Wednesday evening announced the dissolution of the boards and management of Union Bank, Keystone Bank, and…
JUST IN: CBN sacks boards of Union, Keystone, Polaris Banks
The apex bank said this action became necessary due to the non-compliance of these banks and their respective boards with…
No cause for alarm, Nigerian banks remain sound — CBN
“The CBN encourages the public to continue their regular activities without being alarmed by reports that have not emanated from…
CBN lifts ban on cryptocurrency transactions
Mustapha said that the apex bank would now provide regulations for financial institutions on how to manage cryptocurrency to avoid…
CBN lifts ban on cryptocurrency transactions
The apex bank had in February 2021 restricted banks and other financial institutions from operating accounts for cryptocurrency service providers…
Naira scarcity: CBN blames banks, PoS operators
The apex bank warned the banks and PoS involved in the alleged collusion to desist from it even as it…
CBN breaks silence on banks failing Capital Adequacy Ratio stress test
CBN urged Nigerians to always rely on official channels for information and avoid speculation based on unverified sources.
BVN, NIN: Sanction banks, not customers, expert urges CBN
A financial expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to sanction banks that allow customers…
CBN announces date to freeze all bank accounts without BVN, NIN
The CBN, in a circular jointly signed by the Director, Payments System Management Department, Chibuzo Efobi, and Director, Financial Policy…
CBN orders banks to issue, accept old, redesigned Naira banknotes
This follows the order of the Supreme Court on Wednesday, November 29, 2023, granting the prayer of the Minister of Justice…
CBN extends use of old Naira notes indefinitely
"Without prejudice, the Central Bank of Nigeria wishes to inform the general public of its desire to extend the legal…
Old Naira notes remain legal tender – CBN
The bank said there had also been reports of anxiety among some members of the public over the legality or…
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…