CBN latest news - Page 17

Stay updated with the most recent news, breaking stories, major headlines, viewpoints, images, and videos concerning CBN from both Nigeria and around the globe today.

Business

NLC To Suspend Strike Action Against CBN, FG Intervenes In Dispute

The Minister of Labour and Employment, Chris Ngige, said the Nigeria Labour Congress (NLC) will suspend the planned strike slated for Wednesday, 29 March 2023. Ngige revealed at the weekly ministerial briefing

Fakoyejo Olalekan

March 28, 2023

Stanbic IBTC Fined N159 million For Earnings Misinformation, Hoarding Export Proceeds, Others

Business

Stanbic IBTC In Trouble For Hoarding Export Proceeds, Misinformation On Earnings

For contravening various guidelines, Stanbic IBTC Holdings Plc was slammed with fines by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). Stanbic IBTC was also penalised by

Fakoyejo Olalekan

March 28, 2023

Nigerian Banks Earn N135.52 Trillion From CBN's Naira Policy, E-Payment

Business

CBN Hands N12.65 billion To 3 Agric Projects

The Central Bank of Nigeria (CBN) has revealed that N12.65 billion was disbursed to three agricultural projects under the Anchor Borrowers’ Programme (ABP) between January and February 2023. Nigeria’s financial regulator said the

Fakoyejo Olalekan

March 27, 2023

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

Business·Currency

Dollar Sells At N461.67 Amid Various CBN Policies To Combat Forex Scarcity

The value of foreign exchange (Forex or FX) transacted in the Investors’ and Exporters’ window of the official market fell on Thursday, 23 March 2023. Prime Business Africa learnt from data obtained

Fakoyejo Olalekan

March 24, 2023

Business

Moghalu Cautions CBN’s Emefiele Against Criminalising Cash

The former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has warned the financial regulator not to criminalise cash transactions in Nigeria. Moghalu, in a post on his Twitter

Fakoyejo Olalekan

March 23, 2023

CBN Asked To Disburse N250 billion To Cushion Subsidy Removal

Business

NLC’s Threat Against CBN Branches Force Emefiele To Start Disbursing Old Naira Notes

Following a threat by the Nigerian Labour Congress (NLC) to shut down the branches of the Central Bank of Nigeria (CBN), the financial regulator has decided to disburse old Naira notes to

Fakoyejo Olalekan

March 23, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Naira Falls To Dollar, As CBN’s 18% MPR Set To Affect Imported Goods

FMDQ Exchange, the official foreign exchange (Forex) rate tracker, has revealed that the Dollar rate in the widow backed by the Central Bank of Nigeria (CBN) closed at N462/$1 on Tuesday, 21 March

Fakoyejo Olalekan

March 22, 2023

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

Business·Insights

CBN Using Wrong Tool To Fight Inflation – Dr. Muda Yusuf, Others Tackle MPR Hike

The decision of the Central Bank of Nigeria (CBN) to increase the Monetary Policy Rate (MPR), which serves as a benchmark for commercial banks’ loan interest rates, has come under scrutiny. On

Fakoyejo Olalekan

March 22, 2023

80% Of Eggs Laid By 76 million Commercial Birds To Waste Over Naira Scarcity

Business

Naira Scarcity: 80% Of Eggs From 76 million Commercial Birds To Waste

Poultry businesses in Nigeria are at risk of losing significant investments over the scarcity of cash that was caused by the Central Bank of Nigeria’s (CBN) Naira redesign policy. Since the deadline

Fakoyejo Olalekan

March 21, 2023

Business

Moghalu Carpets CBN, Reveals Problems With Emefiele’s Naira Policy

Former Deputy Governor, Central Bank of Nigeria (CBN), Kingsley Moghalu, has condemned the handling of the Naira redesign policy under Godwin Emefiele. Moghalu said months after the CBN set out to implement

Fakoyejo Olalekan

March 16, 2023

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CBN latest news - Page 17

NLC To Suspend Strike Action Against CBN, FG Intervenes In Dispute

Stanbic IBTC In Trouble For Hoarding Export Proceeds, Misinformation On Earnings

CBN Hands N12.65 billion To 3 Agric Projects

Dollar Sells At N461.67 Amid Various CBN Policies To Combat Forex Scarcity

Moghalu Cautions CBN’s Emefiele Against Criminalising Cash

NLC’s Threat Against CBN Branches Force Emefiele To Start Disbursing Old Naira Notes

Naira Falls To Dollar, As CBN’s 18% MPR Set To Affect Imported Goods

CBN Using Wrong Tool To Fight Inflation – Dr. Muda Yusuf, Others Tackle MPR Hike

Naira Scarcity: 80% Of Eggs From 76 million Commercial Birds To Waste

Moghalu Carpets CBN, Reveals Problems With Emefiele’s Naira Policy

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