Mass sacking in banks averted as CBN wades in
The Central Bank of Nigeria |(CBN) and the Bankers ‘ Committee after their meeting yesterday, have assured workers in the financial institutions that “no bank […]
CBN
Nigeria’s foreign reserve shed $5.09bn in four months
Latest statistics from the Central Bank of Nigeria, shows that the country’s foreign reserves have continued its downward trend, dropping by $5.09bn from $38.53bn on […]
CBN lifts suspension on cheques’ clearing
The Central Bank of Nigeria has lifted suspension on cheque clearing by the Deposit Money Banks. This was made known in a circular to all […]
CBN to commence disbursement of N50bn COVID-19 intervention fund tomorrow
The Central Bank of Nigeria (CBN) will kick off the disbursement of funds, aimed at supporting households and Micro Small and Medium Enterprises severely affected […]
Covid-19: CBN Governor test negative for virus
Governor of the Central Bank, Godwin Emefiele, has tested negative for coronavirus. His test result was confirmed in a tweet on the official CBN Twitter […]
COVID-19: CBN grants two-week market holidays to BDCs
The Central Bank of Nigeria (CBN) has granted a two week market holidays to the Bureaux De Change operators. This followed a request by the […]
CBN introduces measures to check effect of virus on economy
The Central Bank of Nigeria in its bid to check the effect of the coronvirus has extended the moratorium on all its intervention funds. The […]
CBN cuts interest rate on its loans to 5%
The Central Bank of Nigeria (CBN) has announced the reduction of interests rate on its intervention loans from nine percent to five percent, as well […]
Coronavirus impact on economy becoming severe – Emefiele
Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has expressed concern over the impact of COVID-19 on the local economy. He said the […]
Currency in circulation dropped to N2.18tn in February – Report
The amount of currency in circulation dropped by N61bn from N2.24tn as of the end of January 2020 to N2.18tn at the end of February […]
Bank charges on deposits, withdrawals above N500,000 take effect April 1
The nationwide implementation of the Central Bank of Nigeria (CBN)’s cashless policy on deposits and withdrawals above N500,000 will take effect nationwide from April 1. […]
CBN clarifies on operation of domiciliary accounts
The Central Bank of Nigeria (CBN) on Sunday said customers can deposit dollar into their domiciliary accounts but are not allowed to transfer it to […]
100 tonnes of mutilated naira notes destroyed weekly – CBN
The Central Bank of Nigeria (CBN), has said that about 100 tonnes of bad naira notes were generated as waste and destroyed weekly through open […]
CBN vows to close $2.5bn tomato supply gap
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele on Monday assured tomato farmers and processors that they would be sufficiently financed under the […]
Currency in circulation hits N2.2tr
Currency-in-circulation (CIC) has risen by 9.9 per cent to N2.2 trillion, the Central Bank of Nigeria (CBN) quarterly economic report released on Monday has shown. […]