Tag: CBN
CBN raises interest rate to 24.75%
The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) by 200 basis points to 24.75 per cent.
The MPR was raised...
CBN orders BDCs to sell dollar at N1,269
The Central Bank of Nigeria (CBN) has directed each Bureau de Change (BDC) operator to sell dollars to eligible customers at a rate not...
NACCIMA kicks over CBN’s ban lift on FX access for importation
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has condemned the lifting of the foreign exchange restrictions the Central Bank...
CBN settles FX transactions, clears $7bn backlogs
The Central Bank of Nigeria (CBN) has cleared all valid foreign exchange backlogs of $7 billion.
This was disclosed by the Bank’s Acting Director, Corporate...
Access Bank acquires National Bank of Kenya
Access Bank Plc and KCB Group Plc on Wednesday, March 20, 2024 signed a binding agreement to acquire 100 per cent shareholding in National...
Tinubu asks Senate to withdraw Onwudiwe’s nomination as CBN board member
President Bola Tinubu has reportedly asked the Senate to withdraw the nomination of Ruby Onwudiwe as a member of the Board of Directors of...
CBN donates 2.15m bags of fertiliser worth N100bn to farmers
The Central Bank of Nigeria (CBN) has donated 2.15 million bags of fertiliser worth N100 billion to farmers through the Federal Ministry of Agriculture...
Tinubu seeks Senate confirmation of Onwudiwe as CBN board member
President Bola Tinubu has written to the Senate for the confirmation of the appointment of Dr Ruby Onwudiwe as a member of the Board...
EFCC: How Emefiele awarded CBN contracts to wife, in-law
A witness of the Economic and Financial Crimes Commission (EFCC), Agboro Michael, has told a Federal Capital Territory (FCT) High Court sitting in Abuja...
CBN records $2.3bn increase in forex inflow
The Central Bank of Nigeria (CBN) says it reported a significant increase in foreign exchange inflow into the economy in February 2024, with marked...
