Tag: Central Bank of Nigeria
CBN To Banks: Monitor Political Appointees’ Accounts Regularly
The Central Bank of Nigeria has ordered banks and other financial institutions in the country to regularly screen accounts of Politically Exposed Persons.
It stated...
Tinubu Applauded By IMF As Naira Records First Closing Gain
The naira on Friday recorded its first closing gain of N39/$1 at the Investors and Exporters (I&E) window following the Central Bank’s (CBN’s) unification...
Meet Folashodun Shonubi, The Acting CBN Governor
It is no longer news that President Bola Tinubu has suspended Godwin Emefiele as the Governor of the Central Bank of Nigeria (CBN).
The Office...
Emefiele’s Suspension Ordered By Tinubu At Last
As popularly anticipated, President Bola Tinubu has suspended Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele from office with immediate effect.
This was...
Why We Raised Interest Rate To 18.5% – CBN
The Monetary Policy Committee of the Central Bank of Nigeria, on Wednesday, unanimously voted to increase its monetary policy interest rates to 18.5 per...
Release $717 Airlines’ Trapped Fund, Senate Urges CBN
The Senate on Wednesday urged the Central Bank of Nigeria (CBN) to release $717,478,606 airline funds trapped in the country.
The upper chamber also called...
Banking Sector Still Committed To Expansion Of Forex – CBN
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the banking sector was committed to expanding foreign exchange supply in the...
Non-Oil Export Proceeds Not To Attract Rebates – CBN
The Central Bank of Nigeria (CBN) on Thursday released a new guideline for exporters repatriating export proceeds under a rebate scheme.
In a circular to...
Nigerian Banks Backing Unlicensed Foreign Firms To Be Sanctioned By CBN
The Central Bank of Nigeria has said it will sanction banks assisting the operations of unlicensed foreign firms.
It stated on Monday in its ‘Guidelines...
We Are Still Suppling New Notes To Banks – CBN
With rising concerns around the seeming disappearance of newly redesigned notes, the Central Bank of Nigeria has said it is supplying more quantities of...
