CBN Suspends Launch Of E-Naira
The Central Bank of Nigeria (CBN) has suspended the launch of its digital currency, called e-Naira. This is coming hours to its scheduled launch on October 1st… Read More »CBN Suspends Launch Of E-Naira
Central Bank of Nigeria (CBN)
Forex: Report shows four MPC members pushed for naira stability before BDC ban
A recently released document by the Central Bank of Nigeria (CBN) has shown that four members of the Monetary Policy Committee raised concerns about the… Read More »Forex: Report shows four MPC members pushed for naira stability before BDC ban
PDP Calls For Emefiele’s Resignation
A call has been made by the opposition Peoples Democratic Party (PDP) for the immediate removal from the office of the Governor of the Central… Read More »PDP Calls For Emefiele’s Resignation
Rep tasks CBN to stop continuous fall of Naira
A House of Representative member, Bamidele Salam (PDP-Osun), has called on the Central Bank of Nigeria (CBN) to stop the continuous fall of the value… Read More »Rep tasks CBN to stop continuous fall of Naira
CBN Investigating AbokiFX, Owner Over Illegal Forex Trading
The Central Bank of Nigeria (CBN) has begun investigation into the activities of the founder of AbokiFX, Oniwinde Adedotun. AbokiFX is an online platform established… Read More »CBN Investigating AbokiFX, Owner Over Illegal Forex Trading
CBN denies non remittance of 80 % surpluses
The Central Bank of Nigeria (CBN) has denied allegation that it failed to remit 80 per cent of its operational surpluses into the Consolidated Revenue… Read More »CBN denies non remittance of 80 % surpluses
CBN Appoints Eight New Directors
The Central Bank of Nigeria (CBN) has appointed eight new departmental directors to man specific aspects of its operations. The appointments were confirmed in a statement on… Read More »CBN Appoints Eight New Directors
CBN names Bitt Inc as partner for eNaira as digital currency launches October 1
Nigeria’s apex bank, Central Bank of Nigeria (CBN), has announced the formal engagement of the global Fintech Company, Bitt Inc., as the Technical Partner for… Read More »CBN names Bitt Inc as partner for eNaira as digital currency launches October 1
External reserves shrink by $63m in six days
External reserves have lost $68.630 million within six days bringing their gross total down to $33.516 billion. According to data collected from the Central Bank… Read More »External reserves shrink by $63m in six days
CBN releases framework to strengthen cyber security resilience in OFIs
The Central Bank of Nigeria (CBN) on Tuesday released a framework to protect Other Financial Institutions (OFIs) against cyber attacks. This was contained in a… Read More »CBN releases framework to strengthen cyber security resilience in OFIs
Nigeria’s economy on right tract, says CBN
Dr Hassan Mahmud, Director, Monetary Policy Department of the Central Bank of Nigeria (CBN) said there were positive sides to Nigeria’s economic growth, despite uncertainties… Read More »Nigeria’s economy on right tract, says CBN
After CBN stopped forex sale to BDCs, banks struggle to meet dollar demand
Early last week, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, announced after the Monetary Policy Committee (MPC) concluded its meeting that… Read More »After CBN stopped forex sale to BDCs, banks struggle to meet dollar demand
Forex: CBN directs commercial banks to set up teller points
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale of Foreign… Read More »Forex: CBN directs commercial banks to set up teller points
CBN releases N756bn to over 3m farmers to boost food security
The Central Bank of Nigeria (CBN), says it has released the sum of N756.51 billion to 3,734,938 smallholder farmers, cultivating 4.6 million hectares of land,… Read More »CBN releases N756bn to over 3m farmers to boost food security
CBN stops dollar sales to BDCs
The Central Bank of Nigeria (CBN) has announced that it would no longer sell dollars to Bureau De Change (BDC) operators as of today (Tuesday).… Read More »CBN stops dollar sales to BDCs
CBN likely to introduce digital currency on Independence Day
The Central Bank of Nigeria (CBN) is likely to introduce digital currency by October 1, reports quoting private sources have said. CBN Governor, Godwin Emefiele,… Read More »CBN likely to introduce digital currency on Independence Day
AfCFTA: CBN seeks active participation of financial sector –Dep. Gov
The Central Bank of Nigeria (CBN) on Monday began preparing the Nigerian financial sector, through a Town Hall meeting, to take full advantage of the… Read More »AfCFTA: CBN seeks active participation of financial sector –Dep. Gov
CBN to hold town hall meeting on AfCFTA
The Central bank of Nigeria (CBN) is set to host a town hall meeting on Monday on the African Continental Free Trade Area (AfCFTA). The… Read More »CBN to hold town hall meeting on AfCFTA
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