CBN Cautions Banks on Transactions Linked With Benin Republic
The Central Bank of Nigeria (CBN) has cautioned banks over transactions with customers and businesses linked to the Benin Republic...
Naira Crashes Further To 523 Against Dollar At Parallel Market After CBN Forex Ban
The naira slumped further to 523/$ at the parallel market on Wednesday, a day after the Central Bank of Nigeria...
ACJHR lauds CBN Naira-4-Dollar policy
The African Centre for Justice and Human Right (ACJHR) on Tuesday lauded the introduction of the “Naira-4-Dollar” policy by the...
CBN Battles Forex Market Liquidity, Amends Diaspora Remittance Rule
The Central Bank of Nigeria says it had amended the rules for receipt of diaspora remittances as part of its...
Court Grants CBN Order To Freeze Accounts Of #EndSARS ‘Promoters’
The federal high court sitting in Abuja has granted the Central Bank of Nigeria’s request to freeze the accounts of...
CBN Cuts Benchmark Lending Rate To 11.5%
The Central Bank of Nigeria has cut down the Monetary Policy Rate from 12.5% to 11,5% after the two-day Monetary...
‘My Life Is In Danger’ – Ex CBN Boss Mailafia Cries Out After Third DSS Invite
Former Deputy Chairman of the Central Bank of Nigeria, Dr Obadiah Mailafia, says his life is in danger after he...
Naira Exchanges For ₦440 Per Dollar At Parallel Market
The Naira was exchanged for ₦440 for a dollar in the parallel market on Thursday. This is despite the resumption...
CBN: Credit To Households Rises In Q2 2020
Secured credit to Households rose from -36% in the first quarter of 2020 to -7.4% by second quarter of 2020...
Naira Rises To N440 Per Dollar At Black Market
Naira is now being sold at N440 per dollar at the black market on Tuesday, odunews.com reports. This represents a...
CBN Cuts Interest Rates On Savings Deposit To 10%
The Central Bank of Nigeria has slashed the interest rates on savings deposits to 10% of the monetary policy rate....
9Mobile Gets CBN’s License As First Payment Service Bank
The Central Bank of Nigeria has granted full approval to 9PSB, owned by mobile giant 9mobile, to commence operations as...
CBN Bans Payment Service Banks From Accepting Forex Deposits
The Central Bank of Nigeria announced that it has banned payment service banks from accepting forex deposits. This was contained...
CBN Directs BDC Operators To Sell Dollar At N386
The Central Bank of Nigeria has directed Bureau De Change (BDC) operators to sell dollars at the rate of N386....
COVID-19: CBN Urges Banks To Support Media, Aviation Industries
The Central Bank of Nigeria has urged banks to support the media and aviation industries via loan disbursements. The apex...
CBN Bars “Third Parties” From Purchasing Forex Routed Via Form M
The Central Bank of Nigeria has asked third parties to desist from accessing its SMIS forex window through FORM M...
CBN Retains Benchmark Interest Rate At 12.5%
The Monetary Policy Committee of the Federal Bank of Nigeria has retained the Monetary Policy Rate (MPR) at 12.5%. CBN’s...
Banks To Seize Money Of Loan Defaulters’ In Other Banks From August 1
The Central Bank of Nigeria says banks will now debit the accounts of loan holders from other banks to settle...
CBN Devalues Naira By 5.3% At Currency Auction
Nigeria’s central bank devalued the naira at one of its currency auctions, according to people familiar with the matter, Bloomberg...
CBN To Support Farmers With N432bn
The Central Bank of Nigeria says it will support farmers of nine key commodities for the 2020 planting season with...