Tag: Central Bank of Nigeria
Over $300m Sold To Banks By CBN As Naira Gains
The Central Bank of Nigeria has given over $300m to Deposit Money Banks in the last two weeks amid desperate efforts to stabilize the...
Economic Hardship In Nigeria: Tinubu Should Not Be Blamed – Sanusi
Former Emir of Kano, Muhammadu Sanusi has stated that it would be unfair for him to criticize President Bola Tinubu over the country’s economic...
CBN To Banks: Notify Customers Before Debt Recovery Moves
The Central Bank of Nigeria has instructed regulated entities to provide customers with notices of outstanding obligations before beginning debt collection.
This is to ensure...
NANS To FG: Empower CBN To Act Autonomously
The National Association of Nigerian Students has urged the Federal Government to allow the Central Bank of Nigeria to act autonomously.
The association decried the...
CBN To Banks: You Must Sell Excess Dollars In 24 Hours
Amid its fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money Banks to sell their...
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...
