Tag: Central Bank of Nigeria
Naira’s Unprecedented Free Fall: CBN Gov Summoned By Senate
The Senate, on Wednesday, through its Committee on Banking, Insurance and other Financial Institutions, summoned the Governor of Central Bank of Nigeria, Olayemi Cardoso,...
High Expectations As CBN Injects $500m Into Forex Market
With Monday’s injection of $500 million into the Foreign Exchange (forex) market, the Central Bank of Nigeria (CBN) has reduced the $10 billion backlog...
Experts Identify How The Naira Can Be Resuscitated
Worried by the parlous state of the economy, especially the unprecedented fall in the value of the nation’s legal tender in recent times, a...
Arrangements Concluded For CBN To Hold MPC Meeting February 26
The Monetary Policy Committee of the Central Bank of Nigeria will hold its first policy meeting for the year on February 26th and 27th.
This...
We Are Now Ready To Prosecute Forex Defaulters – CBN
The Central Bank of Nigeria has said it is set to prosecute forex defaulters in the country.
The CBN Acting Director of Communication, Mrs. Sidi...
As Naira Loses 39%, Manufacturers May Embark On Mass Retrenchment
The naira has depreciated by 38.9 percent against the United States dollar at the official I&E window of the Central Bank of Nigeria in...
You Cannot Carry Out Cash Withdrawals, CBN Tells Crypto Bank Account...
Cash withdrawals will not be possible from accounts opened for virtual and digital assets transactions, the Central Bank of Nigeria has disclosed.
Withdrawals from these...
CBN To Nigerians: The Banking Sector Is Stable, Your Money Is...
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...
Reactions As CBN Lifts Ban On Cryptocurrency Transactions
The Central Bank of Nigeria has changed its stance on crypto assets in the country and asked banks to disregard its earlier ban on...
CBN Investigator Reveals How Emefiele Operated 593 Illegal US, UK, China...
The former Central Bank of Nigeria Governor, Godwin Emefiele, illegally lodged billions of naira in no fewer than 593 bank accounts in the United...
