Tag: Central Bank of Nigeria
Lemo To CBN: Clear Forex Backlog To Boost Naira Confidence
A former Deputy Governor, Central Bank of Nigeria, Dr Tunde Lemo, has advised against the free floating of the naira.
He said this while speaking...
How Tinubu’s Govt Spent N912.32bn To Service CBN Loan In Three...
The President Bola Tinubu-led Federal Government paid an interest of N912.32bn in the first quarter of 2023 on the loans it got from the...
As Naira Depreciates, External Debt Rises To N13tn
General investigations have shown that Nigeria’s weak naira has pushed the country’s external debt up by N13.38tn.
Although the total external debt increased by $490m...
Why We Are Planning To Open 12 New Branches – Parallex...
The Managing Director of Parallex Bank, Olufemi Bakre, has said that the disruption to the banking industry from financial technology sector will have no...
Online Platform For Licensing MFBs Launched By CBN
The Central Bank of Nigeria (CBN) has launched a new online platform called the CBN Licensing, Approval and Other Requests Portal (CBN LARP) for...
CBN Governor’s Seat: Olayemi Cardoso Nominated By Tinubu
President Bola Ahmed Tinubu has nominated Dr. Olayemi Michael Cardoso as the new Governor of the country's apex financial institution, the Central Bank of...
CBN’s Audited Reports Faulted By Tinubu’s Special Investigator
The Central Bank of Nigeria may be asked to withdraw its audited annual financial reports which were released last month, according to findings.
This came...
Akpabio Reveals Senate’s Plan To Revisit CBN Act
The Senate has said it would revisit the Central Bank of Nigeria (CBN) Act to address governance gaps in its structure.
Senate President Godswill Akpabio...
Interest Rate Hiked To 18.75% By CBN
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 25 basis points to 18.75...
Why We Decided To Upgrade eNaira – CBN
The Central Bank of Nigeria (CBN) has upgraded the eNaira by introducing a chip-enabled Near Field Communication (NFC) device into the eNaira.
The NFC feature...
