CBN
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Business
CBN INCREASES MONETARY POLICY RATE FROM 26.75% TO 27.25%.
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has decided to increase the Monetary Policy Rate…
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Business
CBN ADDRESSES FOREIGN EXCHANGE MARKET PRESSURES
The Central Bank of Nigeria (CBN) has announced recent fluctuations in the foreign exchange market are largely driven by corporate…
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Business
CBN SUSPENDS CHARGING FEES ON CASH DEPOSIT UNTIL SEPTEMBER 30, 2024
The Central Bank of Nigeria has decided to stop charging fees on cash deposits until September 30, 2024. The central…
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Business
CBN INCREASES EXCHANGE RATE FOR CALCULATING CUSTOM DUTIES AT SEAPORTS IN NIGERIA.
The CBN has increased the exchange rate used for calculating Customs duties at the seaports in the country. According to…
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Business
CBN GOV OLAYEMI CARDOSO SAYS $2.4 BILLION OUT OF $7BILLION FOREIGN EXCHANGE LIABILITIES ARE FRAUDULENT.
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said about $2.4 billion out of the reported…
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Business
CBN FIXES $1M AS MINIMUM SHARE CAPITAL REQUIREMENT FOR INTERNATIONAL MONEY TRANSFER OPERATORS IN NIGERIA.
CBN has fixed $1m as the minimum share capital requirement for International Money Transfer Operators, (IMTOs) in the country. The…
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Business
CBN SACKS ENTIRE BOADS OF POLARIS TITAN , KEYSTONE, AND UNION BANKS .
The Central Bank of Nigeria has sacked the entire boards of Polaris bank, Titan bank, Union and Keystone Bank. CBN sources…
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Business
GOVERNOR CARDOSO APPROVES REVIEWED SERVICE CHARTER FOR CBN.
The Governor, Mr. Olayemi Cardoso, has approved the Central Bank of Nigeria’s reviewed Service Charter. The Service Charter is a…
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Business
CBN TRANSFERS SOME DIRECTORS TO THE FINANCIAL SECTOR SURVEILLANCE IN A BID TO REPOSITION THE BANK.
In a move that has sent shockwaves through the Central Bank of Nigeria (CBN), eight directors have been redeployed to…
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Business
CBN SETS TO INTRODUCE A NEW SET OF FOREIGN EXCHANGE LAWS THAT WILL ADDRESS NAIRA DEPRECIATION.
The Governor of Central Bank ( CBN), Mr Yemi Cardoso said yesterday that the apex bank will soon introduce a new…
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