CBN Archives - Page 10 of 50

Why CBN Need To Remove 0.5% Levy On Commercial Banks In Funding AMCON —Shareholders

November 20, 2022 0

The Independent Shareholders Association of Nigeria has kicked against the Central Bank of Nigeria’s imposition of 0.5 per cent levy on commercial banks to fund the Asset Management Corporation of Nigeria.

Naira Redesign: CBN Directs Banks To Open Saturdays

November 17, 2022 0

The Central Bank of Nigeria has instructed commercial banks in the country to work on Saturdays till January 31, 2023, to enable customers return existing naira notes.

Buhari Backs CBN On New Naira Notes Controversy

October 30, 2022 0

President Muhammadu Buhari has backed the Central Bank of Nigeria (CBN) in the move to have some of the Naira notes redesigned.

EFCC Hails CBN, Moves To Clampdown On Currency Hoarders

October 27, 2022 0

The Economic and Financial Crimes Commission, (EFCC), has applauded the move by the Central Bank of Nigeria, (CBN), to redesign and reissue higher denominations of the Nigerian Currency, the Naira.

Old Naira Notes Cease To Become Legal Tender By January 31, 2023 –CBN

October 26, 2022 0

The Central Bank of Nigeria (CBN), has said that the current naira Notes in circulation in the domestic economy will cease to be a legal tender by January 31, 2023.

CBN Issues Draft Contactless Payments Guidelines

October 25, 2022 0

The Central Bank of Nigeria (CBN) has issued Draft Guidelines on Contactless Payments, which prides that all such transactions must be linked to accounts with Bank Verification Numbers

RT200: CBN Raked In $1.28 Billion In Ten Months

October 21, 2022 0

As the Central of Nigeria ((CBN) RT200 policy begins to gain traction, ten months after it was launched, a total of $1.28 billion in foreign exchange has been raked into the country, just as over N42 billion was paid out in rebates to exporters who facilitated their earnings through official window.

Nigeria’s Economic Growth Will Slow To 3% In 2023 — IMF

October 12, 2022 0

The International Monetary Fund, IMF, has projected that Nigeria’s economic growth will slow to 3.0 per cent in 2023 while the inflation rate drops to 17 per cent.

Central Bank Policy, Inflation And Depreciation

October 3, 2022 0

Central Bank of Nigeria raised the monetary policy rate again and in conformity with public prediction but in defiance of World Bank’s warning. The bank justified its action on the ground that there is too much money in the economy fuelling inflation due to more money pursuing few goods