FG exceeds statutory limit by N22.9 Trillion – CBN
Wunmi Semudara The Central Bank of Nigeria (CBN) has advanced a N23.18 trillion loan to the Federal Government as at…
Tag: CBN
Financial expert urge FG to investigate CBN
Yemi Obafemi Some financial experts have urged the Federal Government to hire a reputable and impartial audit firms to investigate…
CBN lifts ban on Nairabet, AbokiFX, others’ bank account
Omowunmi Semudara The Central Bank of Nigeria has lifted the ban placed on the bank accounts of 440 individuals and…
CBN Directs Banks to Lift Restrictions on 440 Accounts
The Central Bank of Nigeria (CBN), yesterday ordered banks to vacate a Post-No-Debit (PND) restriction earlier imposed on bank accounts…
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…
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…