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Central Bank of Nigeria News - Page 6

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

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

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

Business·Opinion

CBN, Naira Redesign And Inflation Blues

Economy is the life blood of a people. The state of the economy determine the level of happiness or sadness of majority of citizens, and can also influence the degree of social stability or disruption in the society. Citizens are happy when

April 15, 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·Insights

Bank Investors Earn N248.68 billion Amid Naira Scarcity Caused By CBN’s Policy

The Nigerian banking sector exited the Naira scarcity period unblemished judging by the value of equity investment netted by their shareholders in the first quarter (Q1) of 2023. Prime Business Africa’s analysis of the stock market in the first three months of

April 11, 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

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

Business

FG Says CBN’s Naira Redesign Policy Suspended Kidnappers, Bandits

The Central Bank of Nigeria’s (CBN) Naira redesign policy led to kidnappers and bandits suspending their activities, the Minister of Labour and Employment, Chris Ngige, disclosed. Ngige said the Naira redesign policy sent kidnappers and bandits on holiday even though the implementation

March 30, 2023

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Central Bank of Nigeria News - Page 6

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, Naira Redesign And Inflation Blues

CBN Denies Discriminating Against People With Physical Disabilities Seeking Job

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

Bank Investors Earn N248.68 billion Amid Naira Scarcity Caused By CBN’s Policy

CBN Asked To Disburse N250 billion To Cushion Subsidy Removal

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

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

FG Says CBN’s Naira Redesign Policy Suspended Kidnappers, Bandits

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