Tag: CBN
CBN replies Finance Minister: Buhari gave us go ahead to redesign Naira notes
The apex bank made this known via its verified twitter account on Saturday, urging Nigerians to support the measure as…
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CBN did not consult me on plan to redesign naira – Finance Minister
Mrs Usman said she was not consulted before CBN announced the decision to introduce the new naira notes.
Why CBN is redesigning Naira notes – Emefiele
Emefiele said this while announcing plans by the apex bank to put redesigned N200, N500 and N1,000 denominations in circulation…
House of Reps asks CBN to suspend sale of Polaris Bank
he House urged the committee to take action necessary to ensure that the public funds committed to Polaris Bank were…
CBN leading economic diversification – Emefiele
The Central Bank of Nigeria (CBN) says it is leading the drive towards diversifying the nation’s economy away from oil…
JUST IN: CBN jacks up interest rate again to 14 percent
This is the second time the apex bank is hiking the interest rate in two months. In May the CBN…
INEC will no longer keep sensitive election materials with CBN: Yakubu
The Independent National Electoral Commission (INEC) has confirmed that sensitive electoral materials will in the meantime no longer be routed…
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CBN jacks up interest rate to 13 percent
The interest rate had been at 11.5 percent initially before the hike by the apex bank on Tuesday.
N2.5bn debt: CBN challenges order to pay 110 disengaged ABU staff
Joined in the suit as respondents are the 110 disengaged staff, ABU, Zaria, the Minister, Federal Ministry of Education and…
CBN disburses N42bn for wheat cultivation in 15 states
In Nigeria wheat remains one of the commodities with the highest demand and despite its high demand, Nigeria produces less…
Why Naira stabilised at exporters window – Emefiele
Emefiele said that editors and finance correspondents were expected to play a critical role in public sensitisation towards the success…
Senate confirms 7 members of CBN’s Monetary Policy Committee
The confirmation of the nominees followed the consideration of a report by the Committee on Banking, Insurance and Other Financial…
Nigeria’s forex inflow increases
Nigeria earned a total of $30.2 billion in the quarter, a rise attributed to increased non-oil receipts and proceeds from…
CBN loans 6 tertiary students N30m in new empowerment scheme
CBN Governor, Mr Godwin Emefiele, said that the scheme was designed to create a paradigm shift among students and graduates of…
Buhari: eNAIRA safe, will boost economy by $29bn in 10 years
The eNaira – like the physical Naira – is a legal tender in Nigeria and a liability of the Central…
How CBN, banks’ delay in releasing fund hampered Social Housing, others implementation – Osinbajo
Vice President, Prof. Yemi Osinbajo has given a detailed report of the Economic Sustainability Plan highlighting successful outcomes and problems…
Updated: AbokiFX.com suspends Black market Forex quotes
In a long statement on its website on Friday, it said the suspension will hold until it gets better clarity…
FOREX: Why CBN ordered banks to publish names, BVN of defaulters
The Central Bank of Nigeria, CBN has ordered banks to publish the names and BVN of Nigerians who purchased foreign…
Why Naira is losing value: CBN
Adamu explained that the exchange rate was determined by the forces of demand and supply and that there were three…
CBN stops FOREX sale to BDCs, to revoke their licences
Central Bank Governor Godwin Emefiele said the apex bank will not renew the operating licences of Bureaux de Change.
CBN greenlights Dangote, BUA, Golden as sole sugar importers
The Central Bank of Nigeria has designated Dangote Sugar Refinery, Bua Sugar Refinery and Golden Sugar Company as the sole…
Nigeria’s dollar reserves plunge despite $77 oil price
Nigeria's dollar reserves keep going down south, despite the increase in the international price of crude, CBN data shows
SERAP drags Buhari to court over $25b CBN overdrafts
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit asking the Federal High Court in Abuja to compel…
Buhari dragged to Abuja court over N9.7T loans from CBN
President Muhammadu Buhari has been taken to Federal High Court to give spending details of the N9.7T overdrafts and loans…
CBN moves to resuscitate Enugu’s dead agro factories
Central Bank of Nigeria (CBN), in collaboration with Roche Pharmaceutical Company, is seeking Enugu State Government’s approval to revive moribund…
Ogun focal point for cocoa development – CBN
The Central Bank of Nigeria (CBN) has recognized Ogun state as a focal state in its cocoa development initiative.
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ICYMI: CBN quietly devalues the Naira
The Naira has now been officially devalued from N379 to N410.25, according to NAFEX rate released by CBN on Monday…
CBN’s Naira 4 dollar scheme extended indefinitely
The Central Bank of Nigeria (CBN) has indefinitely extended its Naira 4-dollar scheme which was scheduled to end previously on…
First Bank saga: Adesola’s reinstatement a reaffirmation of authority
The reaffirmation of Adesola Adeduntan as the Managing Director First Bank by the Central Bank of Nigeria (CBN) is a…
Breaking: CBN sacks all First Bank directors, appoints new ones
The Central Bank of Nigeria, CBN, has sacked all First Bank of Nigeria (FBN) directors and appointed new ones with…