-Approves N200bn As Capital Base For Banks With National License, Regional Banks N50bn -Gives 24 Months Deadline For Recapitalisation Days after urging Nigerian banks to expedite...
The Central Bank of Nigeria has again, upped the Monetary Policy Rate ( MPR) to 24.75 per cent by unanimous decision of all 12 members of...
The House of Representatives Wednesday ordered an investigation into the $2.4bn worth of forward contracts canceled by the Central Bank of Nigeria recently. The resolution is...
The Central Bank of Nigeria, CBN has raised its benchmark interest rate, the Monetary Policy Rate MPR to 22.75 per cent. This represents 400 basis points...
The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. This...
The Auditor-General of the Federation, Shaaka Chira, has asked the Central Bank of Nigeria, CBN, for an explanation for a missing $4.5 billion fund. According to...
A sociocultural organisation, Yoruba Welfare Group has urged Nigerians to stop politicising administrative policies and heating the polity by playing on primordial sentiments. The Group noted...
The Central Bank of Nigeria has affirmed the safety of funds in Nigerian banks, emphasising the stability of the country’s banking sector. The apex bank therefore...
Some residents of Ibadan have decried the hardship they have been facing over cash shortage, saying it may mar their Christmas celebrations. The Central Bank of...
The Central Bank of Nigeria says it is investigating collusion between the banks and Point-of-Sale operators over the lingering cash scarcity in the country. It said...
The Central Bank of Nigeria has suspended the processing fees on large cash deposits, a release by the Acting Director of Supervision, Dr Adetona Adedeji, on...
Amidst complaints by some Nigerians about scarcity of Naira notes, the Central Bank of Nigeria (CBN) says there is adequate supply of the currency. The News...
The Central Bank of Nigeria has directed a “Post no Debit” restriction on all bank accounts without Bank Verification Number and National Identification Number effective April...
The Central Bank of Nigeria (CBN) says it is planning to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs). Mr Olayemi...
The Central Bank of Nigeria has lifted the ban on importers of 43 items restricted from accessing foreign exchange on its official platform. It disclosed this...