CBN Raises Tenure Limit for Banks’ Chief Executives to 12 Years
The Central Bank of Nigeria (CBN) has increased the tenure of the Managing Director/Chief Executive of banks to a maximum…
Tag: CBN
CBN: Report on Naira Devaluation False
The Central Bank of Nigeria (CBN) has debunked news report on naira devaluation. A Daily Trust had claimed that the…
We will unify exchange rate – President Tinubu
Omowumi Semudara The Newly Inaugurated President of Nigeria Bola Ahmed Tinubu has disclosed the intention of his administration to unify…
CBN Raises Interest Rate to 18.5%
The Central Bank of Nigeria (CBN) Wednesday resolved to raise the Monetary Policy Rate (MPR), otherwise known as interest rate,…
CBN exempts NSPMC from printing cheques
Omowumi Semudara The Central Bank of Nigeria has exempted Nigeria Security Printing and Minting Company Plc and Euphoria Group Limited…
CBN Wades into Telcos, Banks’ Dispute over N120bn Debt
The Central Bank of Nigeria (CBN) yesterday, disclosed that it has waded into the current disagreement between telecoms firms and…
At Last, Senate Approves N22.7tn CBN’s ‘Ways and Means’ Advances to FG
The Senate yesterday, approved the request of President Muhammadu Buhari to restructure the N22.7 trillion loans that the Central Bank…
CBN: 7,552 BVN on Watchlist for Fraud-related Transactions
The Central Bank of Nigeria (CBN) has revealed that 7,552 Bank Verification Numbers (BVN) have been flagged and put on …
Banks worried over low cash deposit by customers
FEAR has gripped Deposit Money Banks (DMBs) that low deposits from their customers could limit their ability to lend and…