With Inflationary Pressures Easing, CBN Says Monetary Policy Tightening Achieving Desired Results
*Price hike making food unaffordable, Abuja Chamber of Commerce laments The Central Bank of Nigeria (CBN) yesterday said with the…
Tag: CBN
CBN: No Plans to Revoke Additional Banking Licences
Following the recent revocation of the operating license of Heritage Bank Plc, the Central Bank of Nigeria (CBN) yesterday clarified…
Concerns As Senate Moves To Amend CBN Act
Some economists and policy analysts have expressed concern over the move by members of the National Assembly to amend the…
Buoyed by 93.62% Non-oil Contribution, GDP Grew by 2.98% in Quarter 1
*Oil sector contributed 6.38%, production rose to 1.57mbpd Nigeria’s Gross Domestic Product (GDP) growth rate slowed to 2.98 per cent,…
In New Regulatory Intervention, CBN Orders BDCs to Reapply for Operating Licences
The Central Bank of Nigeria (CBN) yesterday ordered all existing Bureau De Change (BDCs) operators in the country and promoters…
Again, CBN Raises MPR to 26.25% to Subdue Inflation
•Cardoso: Monetary tightening yielding desired outcomes, banking system safe, sound despite headwinds •Plans stronger regulatory framework for fintechs •NECA, •Teriba,…
CBN Moves to Double Foreign Currency Remittances, Grants AIP to 14 New IMTOs
The Central Bank of Nigeria (CBN) yesterday announced that it has granted 14 new International Money Transfer Operators (IMTOs) Approval-in-Principle…
In FT Interview, Cardoso Says Investors Getting Comfortable with Nigeria’s FX Market
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said investors have become more comfortable with…
Suspend implementation of cybersecurity levy, Tinubu orders CBN
President Bola Tinubu has asked the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity levy policy…
CBN Extends Suspension of Charges on Cash Deposits Above Approved Thresholds to September
The Central Bank of Nigeria (CBN) has announced an extension to the suspension of processing fees of two per cent…