Tag: Central Bank of Nigeria (CBN)
Ex-SGF Boss Mustapha denies taking $6.3m from CBN vault
A special investigator appointed by President Bola Tinubu uncovered the alleged theft, which supposedly occurred on February 8, 2023 —…
CBN assures of adequate cash supply, says 3.4trn in circulation
Ali said that Naira notes in circulation had increased from one trillion Naira in February to N3.4 trillion in December.
Counterfeit Naira notes in circulation, CBN raises alarm
According to the CBN, the counterfeit Naira notes were mainly used for transactions in food markets and other commercial centres…
Experts laud CBN over planned recapitalisation of banks
“In addition, they need to recapitalise a little bit so that they can be in strong fittings in case of…
New CBN governor targets $1trn GDP growth in 8 years
Efforts were on-going to refocus the CBN for overall economic growth, adding that the government would identify fiscal reforms and…
Senate screens CBN governor, deputy nominees
The Senate will screen all the nominees following its resumption from its annual recess.
ICYMI: BDCs now to render mandatory daily reports to CBN or lose licences
The circular signed by Dr. O.S. Nnaji, director trade and exchange department also capped foreign currency transactions carried out by…
Experts preach caution as CBN holds first MPC meeting under Tinubu
“I expect the MPC to reduce the rates this time so that banks can reduce their lending rates in order…
CBN sued over unlawful regulations on customers’ social media handles
“Article 19 of the International Covenant on Civil and Political Rights and Article 9 of the African Charter on Human…
Why CBN should eliminate loan sharks – expert
“The MfBs are better positioned to offer such service, and I’ll urge the CBN to empower the MfBs to be…
Stakeholders decry CBN’s directive on social media presence
According to the top bank's Customer Due Diligence Regulations 2023 report, the order aims to boost the battle against financial…
What CBN should do on exploitative bank charges – Expert
The CBN warned that any financial institution that breached any of the provisions as contained in the guide will pay…
BREAKING: CBN floats naira at investors’ forex window
“Hence, banks and customers are allowed to trade freely at any rate subject to N1 spread between buy and sell…
Central Bank of Nigeria in the last decade
Only in Nigeria will a CBN Governor (Godwin Emefiele) still remain in office and be campaigning to be President of…
CBN revokes 132 microfinance banks’ licences (Full List)
According to the apex bank, the financial institutions "failed to fulfil or comply with the conditions subject to which their…