Tag: CBN
CBN raises interest rate to 27.5%
The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR), which benchmarks interest rates in the country, to 27.50 per cent.
The...
CBN warns Nigerians against fraudulent contractors
The Central Bank of Nigeria (CBN) has warned Nigerians against fraudsters who claim to have received award letters for contracts related to construction works...
CBN orders banks to load ATMs, warns against naira hawking
The Central Bank of Nigeria (CBN) has directed commercial banks across the country to load their Automated Teller Machines (ATMs), to end the scarcity...
Court stops CBN, AGF from withholding Kano LG funds
A Kano State High Court has restrained the Central Bank of Nigeria (CBN), Accountant-General of Federal (AGF), and the Revenue Mobilisation Allocation and Fiscal...
Ex-CBN secretary: How Emefiele paid money into niece’s account
A former Secretary of the Central Bank of Nigeria, John Ogah, on Wednesday, October 30, 20024, told the Special Offences Court sitting in the...
Court bars CBN, AGF, others from releasing allocation to Rivers govt
The Federal High Court sitting in Abuja has restrained the Central Bank of Nigeria (CBN) from further releasing monthly financial allocations to the Rivers...
IFC, CBN sign agreement to boost local currency financing in Nigeria
IFC, a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have signed an agreement to increase local currency financing...
CBN: No deadline on old naira notes
The Central Bank of Nigeria (CBN) says it has not fixed any deadline for the circulation of the old N200, N500, and N1,000 banknotes.
The...
CBN ex-deputy gov: Emefiele didn’t have Buhari’s approval for naira redesign
Edward Adamu, the fourth prosecution witness in the trial of the former Central Bank of Nigeria Governor, Godwin Emefiele, says the latter did not...
CBN sells $543m to banks in September
The Central Bank of Nigeria (CBN) says it sold $543.5 million to authorised dealer banks between September 6 and September 30, 2024.
The CBN disclosed...
