Tag: Central Bank of Nigeria
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...
CBN Reveals How Bank Deposits Dropped By N210bn In Q1
As Nigerians make huge withdrawals from deposit money banks, the total amount of demand deposits dropped by N210bn between January and March 2023.
Data from...
Embrace e-Naira Transactions, CBN Urges Nigerians
The Central Bank of Nigeria (CBN) has called on Nigerians to embrace the nation’s digital payment channel (eNaira) to enhance its cashless policy.
Its eNaira...
Dormant Account Balances, Unclaimed Funds Now To Be Mopped Up By...
The Central Bank of Nigeria has proposed that banks should transfer funds in accounts that have been dormant for up to 10 years into...
