Tag: CBN
UK based Nigerian alerts EFCC, CBN on danger of card pin usage for online transactions
He said it was also necessary for the apex bank to enforce industry wide compliance with modern security standards to…
Naira notes: Rep Ogene tackles CBN
The lawmaker representing Ogbaru Federal Constituency, Anambra state, had on Thursday during plenary, moved a motion on 'Urgent National Importance',…
CBN states clear position on old naira notes
The apex bank maintains that the notes will remain valid indefinitely. With this information, the CBN debunk the rumour that…
CBN sells $543m to banks to check market volatility
According to the CBN, the spot sales was to reduce observed market volatility driven by high demand for commodity imports…
CBN partners MFBs to promote financial inclusion
Mr Sah Nyashi, CBN Controller, Yola Branch, said this on Saturday at the inauguration of Dabtikir Microfinance Bank Limited in…
Breaking: CBN jacks up interest rate to 27.25%, as CRR for deposit banks hits 50%
In addition to the MPR hike, the MPC also voted to raise the Cash Reserve Ratio (CRR) for Deposit Money…
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