CBN Archives - Page 7 of 50

Breaking: Why Emefiele Was Suspended As CBN Gov

June 9, 2023 0

President Bola Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, from office with immediate effect.

President Tinubu Suspends Emefiele, Deputy Takes Over CBN

June 9, 2023 0

Nigerian President, Bola Tinubu has suspended the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. In a statement released by the Director of Information, Office of the Secretary to the Government of the Federation, Willie Bassey on Friday, Emefiele was suspended with immediate effect. Reading in part, the statement said, “President Bola Ahmed Tinubu has suspended the Central …

Naira Devaluation’s Fake News – CBN

June 1, 2023 0

The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the Importers and Exporters’ (I&E) window.

CBN Increases Interest Rate To 18.50%

May 24, 2023 0

The Central Bank of Nigeria (CBN) has again increased the monetary policy rate (MPR) by 0.50 per cent to 18.50 per cent. The Governor of the CBN, Mr Godwin Emefiele, announced this interest rate hike on Wednesday while addressing newsmen in Abuja. He said members of the team agreed to raise the benchmark interest rate to curb inflation. The CBN …

BVN Issued In Nigeria Has No Expiry Date – CBN

May 10, 2023 0

The Central Bank of Nigeria (CBN), said it's attention has been drawn to a reports suggesting that the Bank Verification Number (BVN) issued by the Bank in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) expires after a ten-year period.

We Have No Intention Withdrawing New N1000, N500, N200 Notes From Circulation –CBN

May 1, 2023 0

The Central Bank of Nigeria (CBN) has said it has no intention Withdrawing the new naira notes as being speculated by some section of the media.

More Naira Notes As Banks Get Old Notes Deposited With CBN Today

March 23, 2023 0

Reliable sources in the CBN said banks have been instructed to collect the old Naira noted they deposited in CBN and that before the end of the week, the country would be awash with Naira notes

CBN Raises Interest Rate To 18%

March 21, 2023 0

The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 50 basis points to 18. per cent.

NGX In Collaboration With CBN, SEC Seeks To Promote Financial Literacy With Global Money Week

March 17, 2023 0

As Nigeria joins countries around the world to celebrate the annual Global Money Week, Nigerian Exchange Limited (NGX) and the Securities and Exchange Commission (SEC) will be supporting the Central Bank of Nigeria (CBN) with a series of educational programs and events aimed at enhancing financial literacy in children and youths whilst driving financial inclusion.