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CBN latest news - Page 16

Cash In Circulation Up By N701.4 billion, Emefiele’s CBN Loses Control Again

The Central Bank of Nigeria (CBN) has revealed that the currency in circulation increased by N701.4 billion within one month. According to the central bank’s money and credit statistics, the currency in circulation rose to N1.6 trillion in March 2023, from N982.09

April 19, 2023

Emefiele Settles For Plea Bargain In N6.9bn Procurement Fraud Case

Business

World Bank Says CBN’s Naira Redesign Policy Affects Poverty Reduction In Nigeria

The World Bank said the Naira redesign policy of the Central Bank of Nigeria (CBN) hampered the growth of Nigeria’s economy. According to the financial body, the CBN’s Naira redesign policy has frustrated the effort to reduce poverty in Nigeria, where about

April 18, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Naira to Dollar Rate Today: Dollar Rate Rises In CBN-Backed Forex Market

The foreign exchange (Forex) rate in the official market settled at ₦464 per Dollar on Friday, 14 April 2023, as the United States currency increased in value. Prime Business Africa learnt from data obtained from the FMDQ Exchange that the cost of

April 17, 2023

Business

CBN Denies Discriminating Against People With Physical Disabilities Seeking Job

The Central Bank of Nigeria (CBN) has denied discriminating against persons with physical disabilities following a report that the apex bank is not accepting job applications from them. A recruitment portal stated that the central bank is conducting a general recruitment exercise,

April 14, 2023

Business

T-Bills: CBN To Use N500bn Funds In Dormant Naira, Domiciliary Accounts

The Central Bank of Nigeria (CBN) has informed commercial banks that it will use the money in dormant accounts for investment purposes. CBN said it will favour the financial regulator and the account holders, as the funds in the dormant accounts will

April 13, 2023

Business

Nigerian Cinema Operators Affected By CBN’s Naira Policy, Earn N441 million

Over N441 million was generated by the Cinema Exhibitors Association of Nigeria (CEAN) in March 2023, the National Chairman of the cinema operators, Opeyemi Ajayi, revealed. The amount was generated from movies shown across various screen theatres including Silverbird Cinemas, FilmHouse Cinemas,

April 10, 2023

Business

CBN Asked To Disburse N250 billion To Cushion Subsidy Removal

The Central Bank of Nigeria (CBN) has been urged to hand over the N250 billion intervention fund for the National Gas Expansion Programme to the Independent Petroleum Marketers Association of Nigeria (IPMAN). IPMAN asked that access to the fund should be granted

April 10, 2023

Breaking: CBN Tell Banks To Increase Interest Rate On Loan, Set MPR At 18.5%

Business

Over 134.39 million Bank Accounts Risk Shutdown As CBN Clampdown On Fraud

Bank accounts not linked to Bank Verification Number (BVN) system will be closed down by the financial regulator, the Central Bank of Nigeria (CBN). The central bank said it will take the step to crack down on fraud, as the accounts without

April 7, 2023

Business·Currency

Dollar Rate Rises, CBN Fines Stanbic IBTC Over Export Proceeds

The foreign exchange rate between the Naira and the United States Dollar (USD) closed at N461.50 in the official market on Thursday, 30 March 2023. Prime Business Africa learnt that the day before, both currencies exchanged at a rate of N461.24 kobo.

March 31, 2023

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

Business

How Nigerian Farmers Lost N30 billion Due To CBN’s Naira Redesign Policy

Due to the Naira redesign policy of the Central Bank of Nigeria (CBN), Nigerian farmers lost N30 billion as they struggled with the scarcity of cash. This was revealed by the President of the All Farmers Association of Nigeria, Kabir Ibrahim, in

March 30, 2023

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CBN latest news - Page 16

Cash In Circulation Up By N701.4 billion, Emefiele’s CBN Loses Control Again

World Bank Says CBN’s Naira Redesign Policy Affects Poverty Reduction In Nigeria

Naira to Dollar Rate Today: Dollar Rate Rises In CBN-Backed Forex Market

CBN Denies Discriminating Against People With Physical Disabilities Seeking Job

T-Bills: CBN To Use N500bn Funds In Dormant Naira, Domiciliary Accounts

Nigerian Cinema Operators Affected By CBN’s Naira Policy, Earn N441 million

CBN Asked To Disburse N250 billion To Cushion Subsidy Removal

Over 134.39 million Bank Accounts Risk Shutdown As CBN Clampdown On Fraud

Dollar Rate Rises, CBN Fines Stanbic IBTC Over Export Proceeds

How Nigerian Farmers Lost N30 billion Due To CBN’s Naira Redesign Policy

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