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CBN latest news - Page 32

CBN Places Service Restriction On PoS Agents Across Nigeria

CBN Deducts N838.8 billion Depositors’ Funds From GTBank, Zenith, First Bank, 12 Others

Over N838.82 billion of depositors funds in Zenith Bank, Guaranty Trust Bank (GTBank), First Bank of Nigeria (FBN) and 12 others were debited by the Central Bank of Nigeria (CBN). The CBN withdrew the funds from 15 banks as its Cash Reserve

October 4, 2022

27 Ways To End Nigeria's Poverty Trap, By Kingsley Moghalu

Business·Opinion

National Assembly Should Not Worsen The Case Of An Already Compromised CBN – Moghalu

The effort by some members of the National Assembly to pass a Bill removing the Governor of the Central Bank of Nigeria as Chairman of the Board of Directors of the CBN, and to remove the power of the Board to fix

September 30, 2022

Business

CBN Set To Directly Deduct N700 billion From Accounts Of Indebted States, Farmers

The Director, Development Finance of the Central Bank of Nigeria (CBN), Yusuf Yila, has disclosed that the financial regulator has began to deduct from the accounts of indebted state governments and farmers, in order to recover N700 billion. Farmers had obtained credit under the

September 29, 2022

Business

Over 620,000 eNaira Accounts Inactive, More Than Active Users

The Central Bank of Nigeria (CBN) has released new details about the adoption of eNaira in the country, disclosing that the total app downloads have risen to 905,588. Prime Business Africa understands that out of the total downloads, 622,988 are inactive, as

September 28, 2022

Business·Insights

How CBN’s New 15.5% Interest Rate, CRR Affects Your Business, Lifestyle

The Central Bank of Nigeria (CBN) increased the Monetary Policy Rate (MPR), which is the benchmark interest rate, to 15.5 percent from 14 percent on Tuesday. Nigeria’s central bank also raise cash reserve ratio (CRR) from 27.5 percent to 32.5 percent. The

September 27, 2022

Governor of Nigerias Central Bank Godwin Emefiele

Editorial

EDITORIAL: How To Save The Naira

As Nigeria’s monetary policy managers, the Central Bank of Nigeria (CBN), through its highest decision-making organ, the Monetary Policy Committee (MPC), holds its 287th meeting on Monday, September 26, and Tuesday September 27, taming inflation and maintaining Naira stability remains its priority.

September 26, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business·News·Top Stories

Dollar May Hit N1,000; Naira Devaluation Looms

Many an analyst have predicted that the dollar will unofficially hit the dreaded 1000 naira mark at the parallel market by the end of the year unless monetary policy managers – The Central Bank of Nigeria (CBN) – does something dramatically drastic.

September 23, 2022

Business

Godwin Emefiele’s CBN Disburses $7.6 billion Amid Dollar Scarcity

Over $7.6 billion has been disbursed into the Nigerian economy by the Central Bank of Nigeria (CBN) in five months in a bid to increase availability of foreign exchange for transactions. The amount is said to have passed through authorised foreign exchange

September 12, 2022

Emirates To Suspend Flights To Nigeria Over Inability To Repatriate Earnings

Business

Trapped Funds: Emirates Airlines To Proceed On Suspension of Nigerian Flights Despite CBN Intervention

Emirates Airlines has revealed that the suspension of Nigerian flights will continue after the Central Bank of Nigeria (CBN) released funds to settle protest among foreign airlines over trapped funds. Two weeks ago, the United Arab Emirates national carrier disclosed that it

September 1, 2022

CBN Fines Union Bank N200 million For Cryptocurrency Trading

Business

Fidelity Bank Acquires Union Bank UK On CBN Approval

The Central Bank of Nigeria (CBN) has approved the acquisition of Union Bank’s UK subsidiary by Fidelity Bank, a statement obtained from the Nigerian Exchange Limited (NGX) on Tuesday disclosed. Fidelity Bank’s Managing Director and Chief Executive Officer, Nneka Onyeali-lkpe, said the

August 30, 2022

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CBN latest news - Page 32

CBN Deducts N838.8 billion Depositors’ Funds From GTBank, Zenith, First Bank, 12 Others

National Assembly Should Not Worsen The Case Of An Already Compromised CBN – Moghalu

CBN Set To Directly Deduct N700 billion From Accounts Of Indebted States, Farmers

Over 620,000 eNaira Accounts Inactive, More Than Active Users

How CBN’s New 15.5% Interest Rate, CRR Affects Your Business, Lifestyle

EDITORIAL: How To Save The Naira

Dollar May Hit N1,000; Naira Devaluation Looms

Godwin Emefiele’s CBN Disburses $7.6 billion Amid Dollar Scarcity

Trapped Funds: Emirates Airlines To Proceed On Suspension of Nigerian Flights Despite CBN Intervention

Fidelity Bank Acquires Union Bank UK On CBN Approval

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