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The appointment of Yemi Cardoso as Governor of the Central Bank of Nigeria (CBN) a year ago marked a turning point in Nigeria’s economic journey. Faced with significant economic challenges—rising …
Cardoso’s feats at CBN Read More
The Central Bank of Nigeria (CBN) has reassured the public of its unwavering commitment to ensuring the stability and reliability of the Nigerian financial system. The apex bank recognises the …
CBN reaffirms commitment to financial system stability Read MoreNigerian deposit money banks (DMBs) raised N2.8 trillion from the Central Bank of Nigeria (CBN) standing lending facility to close funding gap, investment firm said in an emailed note. The …
Liquidity: Banks borrow N2.8trn from CBN to fund operations Read More
The Central Bank of Nigeria (CBN) on Wednesday offered $876million to meet the bids submitted by customers at the foreign exchange market, just as it pledged commitment to continue to …
CBN auctions $876m, reaffirms commitment to sustain liquidity in FX markets Read More
Central Bank of Nigeria (CBN) has said that it will take necessary measures to bring the nation’s rising inflation under control. The Governor CBN Olayemi Cardoso who disclosed this during …
CBN set to bring inflation under control Read More
Every system that works is built upon strong pillars of foundation, which makes it unique and different. Those pillars that support the system can be changed, to effect a correction …
CBN Act: Why fix what is not broken? Read MoreMany of us watching Yomi Cardoso the Governor of the Central Bank of Nigeria, CBN, from a distance are guilty of presuming the man was rather harsh with his reformist …
CBN’s decisive strive for banking integrity restoration Read MoreIn a bid to support the Central Bank of Nigeria’s recapitalisation programme towards achieving the targeted objectives, the Securities and Exchange Commission (SEC) has released its Framework on Banking Sector …
SEC issues framework on banking sector recapitalisation Read More
Nigerians are now worried that deposit money banks (DMB) have resorted to rationing cash, which could cause cash scarcity like the one experienced early last year; PAUL OKAH reports. The …
Citizens’ angst as banks begin cash rationing Read More
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary policy Rate (MPR) to 18.75% from its initial 18.5%. This is a 25 basis …
Breaking: CBN moves interest rate to 18.75% Read More
The Central Bank of Nigeria (CBN) has given commercial banks and dealers in the forex market the green light to sell forex freely which is at a market-determined rate. This …
Breaking: CBN allows Banks to trade forex ‘freely’ in Nigeria Read More
The Central Bank of Nigeria (CBN), deputy governor (operations), Folashodun Adebisi Shonubi, was appointed acting governor of the apex bank by President Bola Tinubu on Friday. He was trained as …
Shonubi: Meet new CBN acting governor Read More
David Ekpenyong and MaryLove Edwards on Saturday emerged winners of the 45th CBN Senior National Open Tennis Championship men and women’s singles event in Abuja. Ekpenyong who was tournament number …
Pictures: Ekpenyong, Edwards win 45th CBN Tennis Open Read More
Monies in banks dormant accounts will be mopped up by the Central Bank of Nigeria (CBN) into a special account already created by the apex bank from where such monies …
CBN to invest banks dormant account balance in govt. instruments Read More
The Central Bank of Nigeria (CBN) has ordered all commercial banks to open for operations on Saturdays and Sundays. This according to the apex bank was part of effort to …
[Breaking] Cash scarcity: CBN orders banks to extend working days Read More
There are intense pressure on President Muhammadu Buhari to sack the Governor of the Central Bank (CBN) Godwin Emefiele and the Minister of Justice, Abubakar Malami for disobedience to the …
Cashless policy: Pressure mounts on Buhari to sack Emefiele, Malami Read More
After several months of Naira scarcity, Nigerians have reacted after the Central Bank of Nigeria finally bowed to Supreme Court order stating that old N500 and N1000 Naira notes are …
Return of old N500, N1000 naira notes: What Nigerians are saying about CBN Read More…Says president disobeyed its Feb 8 order …Comply with ruling, CAMAN boss Uwaleke urges CBN …Over N1trn lost by businesses – Idakolo ‘…Judgement has eased tension economically’ …Banks should improve …
Relief for citizens: Old Naira notes still legal tender till Dec 31 – Supreme Court Read More
Earnings from non-oil export in October and November rose to $75 million, figures obtained from the Central Bank of Nigeria have revealed. The CBN stated in its November economic report …
Non-oil export earnings hit $75m in two months Read More
Aisha Buhari has reacted to a viral “fake” Central Bank of Nigeria (CBN), press statement shared on her Instagram account on Tuesday February 21, 2023 The alleged fake press release …
CBN statement: Aisha Buhari recants, heaps blames on hacker Read More
The Central Bank of Nigeria (CBN), has denounced a press release shared on the Instagram page of the First Lady, Aisha Buhari. Aisha Buhari shared a statement on her Instagram …
Naira notes: Confusion as CBN debunks directives on Aisha Buhari’s Instagram page Read More
The Central Bank of Nigeria (CBN), has debunked the earlier claim that the apex bank has directed commercial banks to collect N500 and 1000 naira notes. Reacting to the claim, …
Confusion as CBN denies directing banks to receive old N500, N1000 notes Read More
Since the re-designing of the N1, 000, N500 and N200 notes by the Central Bank of Nigeria (CBN), scarcity of the new notes has been a pain in the neck …
What Naira re-design has done to livelihoods Read More
Nigerians in the last three weeks have been going through difficult times in accessing physical cash, as both old and new N200, N500 and N1, 000 are very scarce as …
Forthcoming polls: As Nigerians express doubts, thumb down CBN, FG over Naira scarcity… Read More
The Central Bank of Nigeria (CBN) has said Nigerians can now deposit their old N500, N1000 notes to the commercial banks. According to reports, CBN spokesman, Osita Nwanisiobi, on Friday …
Breaking: CBN makes u-turn on N500, N1000 notes, gives bank fresh directive Read More