National Wire About Nigerians, Nigerian Business and Other Stories
CBN Increases Interest Rate To 24.75%
The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate by 200 basis points to 24.75 per cent in a continued chase to tame inflationary pressures.
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Tag Archives: CBN
CBN Revokes Operational Licenses Of 4,173 BDCs
The Central Bank of Nigeria (CBN),in exercise of the powers conferred on it under the Bank
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CBN Hikes Interest Rate To 22.75% Over High Inflation
The Governor of Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso on Tuesday disclosed this at the 293rd Meeting of the Monetary Policy Committee press briefing in Abuja.
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CBN: SINET Seeks Probe Of $2.4Bn Forex Trading Alleged Fraud
The Social Integrity Network, (SINET) has demanded further clarification concerning a statement credited to the Central Bank of Nigeria, CBN Governor, Mr. Olayemi Cardoso, on issues regarding the alleged and well-publicized revelations of a $2.4 billion forex trading fraud.
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No More 100% Remittance Of Forex Proceeds By International Oil Companies — CBN
The Central Bank of Nigeria (CBN) has stopped international oil companies (IOCs) operating in Nigeria from immediately remitting 100% of their forex proceeds to their parent company abroad.
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CBN Lifts Exchange Rate Cap for International Money Transfer Operators
In a significant move towards liberalizing Nigeria's foreign exchange market, the Central Bank of Nigeria (CBN) has issued a circular removing the previous cap on exchange rates quoted by International Money Transfer Operators (IMTOs
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FX Backlog: CBN Concludes Payment Of All Verified Claims By Airlines
The Central Bank of Nigeria (CBN), fulfilling its pledge to clear the backlog of foreign exchange owed foreign airlines in the country, has concluded the payment of all verified claims by airlines with an additional $64.44 million to the concerned airlines.
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Why CBN Dissolve Boards Of Union, Keystone, Polaris, Titan Banks
The Central Bank of Nigeria (CBN) has disolved the boards and management of Union Bank, Polaris Bank, Keystone Bank and Titan Trust Bank.
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CBN Directs Banks To Issue, Accept Old, Redesigned Naira Banknotes
Following the order of the Supreme Court on Wednesday, November 29, 2023, granting the prayer of the Minister of Justice and Attorney-General of the Federation to extend the use of old Naira banknotes ad infinitum, the Central Bank of Nigeria (CBN) has directed all its branches to continue to issue and accept all denominations of Nigerian
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NGX Calls On FG, CBN To Give Priority To Listed Companies In Procurement, FX Access
The Nigerian Exchange Limited (NGX) has advocated that the Federal Government and the Central Bank of Nigeria (CBN) should accord priority to listed corporates in their procurement processes and access to foreign exchange (FX).
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