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Subsidy: CBN Has No Control Over PMS, Forex- Official

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The Central Bank of Nigeria said it had little or no control over the price of fuel or foreign exchange rate.A principal manager with...

Ex-CBN Gov, Emefiele Pleads Not Guilty To Firearms Charge

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The suspended Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has pleaded 'not guilty' before the Federal High Court, Lagos, to a...

Bank Accounts Safety: 57.96 Million BVN Issued As CBN Threatens Accounts Closure.

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The total number of issued Bank Verification Numbers rose to 57.96 million as of July 3, 2023, according to data obtained from the Nigeria...

CBN Releases Additional FX Reforms, Relaxes Restriction On Domiciliary Accounts

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The Central Bank of Nigeria, CBN has announced further policy changes following new guidelines in the Foreign Exchange, FX market recently released.Director, Corporate Communications,...

Economy: Nigeria Records N930BN Two-Month Fiscal Deficits – CBN.

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The Federal Government recorded N930.8bilion naira fiscal deficit in January and February 2023 according to the Central Bank of Nigeria.The CBN stated in...

Economy: Nigeria Records N930bn Two-Month Fiscal Deficits – CBN

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The Federal Government recorded N930.8bilion naira fiscal deficit in January and February 2023 according to the Central Bank of Nigeria.The CBN stated in its...

Reps To Investigate N413bn Subsidy Funds Borrowed From CBN

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Investigation has been launched into the 413 billion naira funds the federal government borrowed from the Central Bank of Nigeria, CBN for subsidy payments.The...

FG Borrowed N6tn From CBN In 2022 – Report

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Central Bank of Nigeria, CBN says Federal Government had borrowed 6.07 trillion naira through Ways and Means Advances in 2022.According to recent data from...

Inflation: CBN Raises Interest Rate To 20.5 Per Cent.

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The Central Bank of Nigeria’s Monetary Policy Committee MPC, has further increased the interest rate by 2.5 per cent to 20.5 per cent from...

USSD Debt: CBN Moves To Resolve Issues With Banks, TELCOS.

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Following moves by telecommunication companies in Nigeria to disconnect bank customers from accessing online banking transactions that depend on the Unstructured Supplementary Service Data, USSD...

ACF Warns Buhari, Says Don’t Stoke Nationwide Unrest With Naira Policy

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Northern leaders, under the umbrella of Arewa Consultative Forum ACF, have cautioned President Muhammadu Buhari over the Central Bank of Nigeria’s CBN naira redesign...

Naira: CBN Allows Over-The-Counter Withdrawals, POS Operators Charge 10%

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Governor, Central Bank of Nigeria CBN Godwin Emefiele, has directed commercial banks to begin the payment of the redesigned naira notes over the counter.Emefiele...

Again, CBN Reviews Cash Withdrawal Limits To N500, 000,

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Central Bank of Nigeria, CBN has announced an upward review of cash withdrawal limits to 500, 000 naira and 5 million naira for individuals...

Withdrawal Limit: Senate To Debate CBN’s Cash Policy Today

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The Senate has decided to debate the cash withdrawal limit policy of the Central Bank of Nigeria, CBN on its floor.President of the Senate...

CBN Grants N9.714tr Credit To The Economy In Three Years

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Central Bank of Nigeria, CBN has disbursed 9.714 trillion naira in financial interventions to different sectors of the economy in the last three years.The...

CBN: Buhari Writes Senate, Seeks Confirmation Of Deputy Governors For Second Term

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President Muhammadu Buhari is seeking the Senate’s Approval to confirm the nominations of Aisha Ahmad and Edward Adamu as deputy governors of the Central...

CBN Says Hoarding, Counterfeiting, Reasons For Naira Redesigning

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The Central Bank of Nigeria CBN said counterfeiting and hoarding were the reasons for redesigning and issuing new naira notes.Deputy Director, Currency Operations Department,...

Naira Redesign: It Is Not An Economic Priority,CISLAC Carpets CBN

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The Civil Society Legislative Advocacy Centre, CISLAC, has said that the Central Bank of Nigeria, CBN, plan to redesign the 200, 500 and 1,000...

EFCC Hails CBN’s Move To Clampdown On Currency Hoarders

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The Economic and Financial Crimes Commission EFCC has applauded the move by the Central Bank of Nigeria CBN to redesign and reissue higher denominations...

Alleged Dollar Non-Remittance: Presidency Wades Into CBN, NNPC Feud

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The presidency has waded into the controversy raging between the Central Bank of Nigeria, CBN, and the Nigeria National Petroleum Corporation Limited, NNPC, over...
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