The Senate Ad-hoc Committee charged with investigating Ways and Means Advance has accused the Central Bank…
Tag: CBN
CBN TO COMMENCE FOREIGN EXCHANGE BACKLOG PAYMENT
The Governor of the Central Bank, Olayemi Cardoso has disclosed that the ongoing forensic verification to…
NiDCOM BOSS COMMENDS CBN’S INTRODUCTION OF NON RESIDENT ACCOUNTS
The Chairman of the Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri-Erewa, has commended the Governor of…
CBN PUTS STOP ON REQUEST FOR EXTENSION OF REPATRIATION ON EXPORT PROCEEDS
The Central Bank of Nigeria (CBN) has announced there will no longer be requests for extensions…
CBN FACES LAWSUIT FROM DISMISSED EMPLOYEES OVER UNLAWFUL MASS TERMINATION OF APPOINTMENT
The claimants allege that this provision was ignored, stating that they were given only three days…
CBN Imposes Fine of N150m On Banks Releasing New Notes To Hawkers, Deploys Mystery Shoppers to Banking Halls
Further clarification was issued in a circular signed by the Acting Director of the Currency Operations…
CBN RAISES MPR TO 27.50 PERCENT
In an attempt to counteract the soaring inflation, the Central Bank of Nigeria (CBN) increased the…
CBN SAYS DISREGARD FALSE INFO AS OLD CURRENCY DENOMINATIONS REMAIN VALID INDEFINITELY
The Central Bank of Nigeria has clarified in a statement that the old currency of N200,…
CBN SURVEY SHOWS NIGERIANS TO SPEND MORE ON FOOD, IGNORE SAVINGS AND INVESTMENT
Hope for turnaround of the naira in 2025 In a recent survey by the Central Bank…
Banks Capitation: CBN approves merger between Unity bank, Providus Bank.
The Central Bank of Nigeria (CBN) has granted the approval for a pivotal financial accommodation to…