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CBN latest news - Page 36

Godwin Emefiele

CBN Retains 5% Interest Rate For Power Sector, Others

The Central Bank of Nigeria (CBN) has agreed to leave interest rates at five per cent per annum for critical sectors and manufacturing industries until March 2023. Prime Business Africa learnt that the decision followed the resolution of the Monetary Policy Committee
June 1, 2022
CBN Denies Discriminating Against People With Physical Disabilities Seeking Job

MAN, LCCI React As CBN Raises Lending Rate To 13%

The Manufacturers Association of Nigeria, the Lagos Chamber of Commerce and Industry, and the Nigerian-American Chamber of Commerce, have reacted to the hiking of the monetary policy rate by the Central Bank of Nigeria. They disclosed that the policy will hurt the
May 26, 2022
No Plan To Phase Out Naira Notes, CBN Debunks

No Plan To Phase Out Naira Notes, CBN Debunks

The Central Bank of Nigeria (CBN) has debunked the viral report that the apex bank had planned to phase out the circulation of the conventional Naira notes and replace it with digital currency, otherwise known as eNaira. CBN’s Director of Communications, Osita
May 23, 2022
Firm Gets Switching License Nod From CBN

Firm Gets Switching License Nod From CBN

AppZone, Sub-Saharan Africa’s payment infrastructure company has announced that the Central Bank of Nigeria has issued the organisation an approval in principle to operate under the Switching and Processing license category. In a statement by AppZone, this will enable AppZone to further
May 19, 2022
CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

ABCON To CBN: Create Special FX Trading Window For BDCs

The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to establish BDCs’ autonomous foreign exchange trading window (BAFEX) with a determined maximum daily limit. The ABCON disclosed that it would enable eligible BDCs
May 16, 2022
CBN Orders Nigerian Banks To Lift Restriction On Accounts Of Crypto, Other Firms

FG’s Debt Servicing Hits $101m – CBN Reports

The monthly debt service, according to figures obtained from the Central Bank of Nigeria (CBN), rose by $31.46m in one month to $101.29m in January. Prime Business Africa can report that the date indicated a 45 per cent increase month-on-month. The CBN,
May 10, 2022
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