Tag: CBN
Nigeria’s Central Bank Hikes Interest Rate For Sixth Time
Nigeria's central bank on Tuesday raised its key interest rate for the sixth time this year, citing renewed inflationary and exchange rate pressures.
The decision...
Nigeria Govt Signs Deal With IFC To Boost Naira Currency Financing
As part of efforts to boost its currency financing, the Central Bank of Nigeria, on Monday signed an agreement with the International Finance Corp...
Nigeria President Picks Banker Cardoso As Next CBN Governor
President Bola Tinubu has nominated the former head of Citibank in Nigeria, Olayemi Cardoso, to serve as the country's new central bank governor, days...
Emefiele: DSS didn’t break any law — Spokesperson
The Department of State Services has condemned the fight that ensued between its personnel and the officials of the Nigerian Correctional Service.
The Department of...
Money laundering: CBN places Cameroon, Vietnam, Croatia on watchlist
The Central Bank of Nigeria has asked Deposit Money Banks and Other Financial Institutions in the country to increase monitoring of transactions with businesses...
CBN Lifts bound On $10k Deposit On Domiciliary Account
The Central Bank of Nigeria (CBN) has said cash deposits into domiciliary accounts will no longer be restricted, and customers “shall have unfettered and...
CBN Implements Measures to Unify Exchange Rates
In a significant development, Nigeria's central bank has taken steps to unify foreign exchange (FX) trading, resulting in the devaluation of the official Naira...
Head of Nigerian Central Bank detained by police
Police in Nigeria say they've detained the governor of the country's Central Bank during an investigation.
On Friday, Nigeria's new president, Bola Tinubu, announced that...
BVN Remains Valid for Life, No Expiry Date – CBN
The Central Bank of Nigeria (CBN) has refuted claims suggesting that the Bank Verification Number (BVN) issued in Nigeria has an expiry date.
The CBN's...
CBN assures the public it’s supplying more new notes to banks
The Central Bank of Nigeria (CBN) has addressed concerns over the disappearance of newly redesigned notes, stating that it is supplying more quantities of...
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