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CBN latest news - Page 13

Money Supply In Nigeria Rises By N600bn, Currency In Circulation Drops To N2.59trn

House Of Reps To Probe CBN Over Handling Of Excess Crude Account Investments

The Central Bank of Nigeria (CBN) will be probed by the House of Representatives for its handling of the excess crude account and other investment vehicles. In their plenary session on Thursday, the lower chamber set up an ad-hoc committee to investigate

July 21, 2023

Business

Emefiele Risks Another Arrest Over $53 million Judgement Debt

Justice Inyang Ekwo of the Federal High Court, sitting in Abuja, said it will issue an arrest warrant against the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Emefiele has failed to appear before the court for every date

July 20, 2023

Breaking: CBN Raises Interest Rate To 18.75%

Business

CBN Asked To Get Rid Of Loan Apps Due To Danger To Nigerian Economy

The Central Bank of Nigeria (CBN) has been advised to end the operations of loan sharks in the country as they are dangerous to the economy. A former president of the Chattered Institute of Bankers of Nigeria (CIBN), Okechukwu Unegbu, made the

July 17, 2023

Finance & Economy

Bank Sort Codes In Nigeria – How To Find Them

In Nigeria, bank sort codes play a crucial role in facilitating seamless and accurate financial transactions. They serve as unique identification numbers assigned to each bank branch, ensuring that transfers and transactions are correctly routed. In this article, we will provide a

July 16, 2023

Business·Diaspora

CBN Directs IMTOs To Use I&E Window Rate To Convert Diaspora Remittances

International Money Transfer Operators (IMTO) have been directed by the Central Bank of Nigeria (CBN) to add naira and eNaira payout to diaspora remittances. In a circular released on Wednesday, titled; Payout Option In Naira For Receipt Of Proceeds Of Diaspora Remittances,’

July 13, 2023

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Markets

Naira Now Undervalued – Bank Of America

Following the floating of the naira in the foreign exchange market, the Bank of America (BoA) says the local currency has moved from being overvalued to undervalued. The American multinational investment bank projects that the value of the naira would settle at

June 30, 2023

External Reserves Fall To Two-Year Low, To Affect Tinubu’s N200/$1 Rate Ambition

News·Politics

CBN’s Cashless Policy Never Deterred Me From Winning Election – Tinubu

President Bola Tinubu on Thursday in Ijebu-Ode, Ogun State, said he remained hopeful and optimistic about achieving victory in the last presidential election, despite the ineffective cashless policy implemented by the Central Bank of Nigeria. The President spoke in separate remarks at

June 29, 2023

Business·News

e-Naira: CBN Tasks Tertiary Institutions To Deploy For Tuition, Salaries

Students and management of tertiary institutions in Nigeria have been urged to embrace the e-Naira for payment of school fees and salaries. The Central Bank of Nigeria on Thursday made the call through Assistant Director, Ekiti branch, Mr Ayodeji Adeboye. Adeboye said

June 22, 2023

Opinion

Why Wale Edun’s New Job Is Puzzling

The appointment of Mr. Olawale Edun, a seasoned investment banker and former commissioner of finance in Lagos State, as the Special Adviser to the President on Monetary Policy, has set off torrents of speculations

June 18, 2023

Business·Currency

CBN To End RT200 FX, Naira4Dollar Schemes After Black Market And Official Rates’ Gap Fall By N192

The RT200 FX Programme and the Naira4Dollar scheme will be phased out by the Central Bank of Nigeria (CBN) following the apex bank’s decision to unify the multiple exchange rates. According to the CBN in a statement on Wednesday, the financial regulator

June 15, 2023

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CBN latest news - Page 13

House Of Reps To Probe CBN Over Handling Of Excess Crude Account Investments

Emefiele Risks Another Arrest Over $53 million Judgement Debt

CBN Asked To Get Rid Of Loan Apps Due To Danger To Nigerian Economy

Bank Sort Codes In Nigeria – How To Find Them

CBN Directs IMTOs To Use I&E Window Rate To Convert Diaspora Remittances

Naira Now Undervalued – Bank Of America

CBN’s Cashless Policy Never Deterred Me From Winning Election – Tinubu

e-Naira: CBN Tasks Tertiary Institutions To Deploy For Tuition, Salaries

Why Wale Edun’s New Job Is Puzzling

CBN To End RT200 FX, Naira4Dollar Schemes After Black Market And Official Rates’ Gap Fall By N192

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