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Central Bank of Nigeria News - Page 7

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 at the state house in Abuja on Tuesday, 28 March

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 the National Pension Commission (PenCom), taking the total monetary fine

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 funding was an intervention to stimulate production and productivity. This

March 27, 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 page on Thursday, 23 March 2023, said the purpose of

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 Deposit Money Banks (DMBs). The NLC had disclosed on Wednesday,

March 23, 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 Tuesday, 21 March 2023, Prime Business Africa reported that the

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 to phase out the old N200, N500 and N1,000 notes

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 the Naira redesign policy, Nigerians are still suffering from the

March 16, 2023

Business

CBN Places Service Restriction On PoS Agents Across Nigeria

The Central Bank of Nigeria (CBN) has reiterated some operations that mobile banking agents are not allowed to offer, as their population increases across the country. In an Exposure Draft of the Regulatory Framework for Agent Banking in Nigeria, the CBN said

March 14, 2023

CBN Denies Discriminating Against People With Physical Disabilities Seeking Job

Business

CBN Finally Addresses Supreme Court Order Publicly, Succumbs To Pressure On Old Naira

The Godwin Emefiele-led Central Bank of Nigeria (CBN) has succumbed to the Supreme Court order which states that old N500 and N1,000 remains legal for 10 months. In a statement released by the central bank’s Director of Communication, Isa Abdulmumin, it was

March 14, 2023

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Central Bank of Nigeria News - Page 7

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

Moghalu Cautions CBN’s Emefiele Against Criminalising Cash

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

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

CBN Places Service Restriction On PoS Agents Across Nigeria

CBN Finally Addresses Supreme Court Order Publicly, Succumbs To Pressure On Old Naira

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