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Central Bank of Nigeria News - Page 8

Breaking: CBN Raises Interest Rate To 18.75%

CBN Defends Anchor Borrowers’ Programme After IMF Criticism

The Central Bank of Nigeria (CBN) on Monday, 7 March 2023, countered the statement of the International Monetary Fund (IMF) over the Anchor Borrowers’ Programme (ABP). IMF had stated that the Anchor Borrowers’ Programme is experiencing bad debt, with only 24 per

March 8, 2023

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

Business

CBN Quietly Approves Old Naira Disbursement, Traders Reject Banknotes

The Central Bank of Nigeria (CBN) has approved the disbursement of old N500 and N1,000 notes, as Deposit Money Banks’ (DMBs’) Automated Teller Machines (ATMs) begin to dispense the bank notes. The commercial banks had not been disbursing old Naira notes since

March 7, 2023

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

Business

IMF Warns CBN, Others Against Financing Government’s Excessive Debt

The central banks have been warned by the International Monetary Fund (IMF) against constantly bailing out governments in their quest to borrow funds outside the bond market. Recall that the N23.7 trillion debt the Nigerian government owes the Central Bank of Nigeria

March 6, 2023

Naira Scarcity: Zenith Bank's Profit Drops To N223.91bn, Faces N967bn Lawsuits

Business

Jim Ovia Gets New Position As Zenith Bank Restructures Into HoldCo

Zenith Bank has revealed that it is restructuring into a Holding Company (HoldCo) after receiving Approval-in-principle from the Central Bank of Nigeria (CBN). In a statement sent to the Nigerian Exchange Limited (NGX) on Friday, 3rd March 2023, Zenith Bank said it

March 3, 2023

Cash In Circulation Up By N701.4 billion, Emefiele's CBN Loses Control Again

Business

Updated: Old Naira Notes Remain Legal, Buhari Acted As Dictator – Supreme Court Declares

The Supreme Court on Friday, 3 March 2023, ruled that the old Naira notes remain legal tender till 31 December 2023, as it set aside the deadline of the Central Bank of Nigeria (CBN). Delivering the judgement of the Supreme Court, Justice

March 3, 2023

CBN’s New Directive Forces Adaora Umeoji Out Of Zenith Bank

Business

Zenith Bank’s DMD, Adaora Umeoji, Quits On CBN’s New Directive

The Deputy Managing Director (DMD) of Zenith Bank, Adaora Umeoji, has quit her role in the financial institution due to the new tenure announced by the Central Bank of Nigeria (CBN) for bank leadership. Recall that the central bank created a new

March 3, 2023

Business

Increased Spending Towards Elections, Others To Affect Economy – CBN

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has projected that Nigeria’s economy will grow at a subdued pace in 2023. MPC made this known in a 70-page document released on Wednesday covering the MPC’s first meeting for

March 2, 2023

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

CBN To Reveal Banks’ Disbursement Details Of New Naira Notes

The Central Bank of Nigeria (CBN) has responded to the request made by an activist lawyer, Femi Falana (SAN), to provide details of the disbursement of the new N200, N500 and N1,000 notes. Falana had written to the central bank, in a

March 2, 2023

Tax Reform Bill: No Region Will Be Shortchanged, Shehu Sani Tells Northerners

Business

Old Naira Notes: Shehu Sani, Other Nigerians React To Supreme Court Decision

Reactions have began to trail the decision of the Supreme Court to adjourn the final judgement on the deadline of the old Naira notes. Prime Business Africa reported on Wednesday, 22 February 2023, that after hearing arguments from the states and the Federal

February 22, 2023

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business

Breaking: Supreme Court Sets March 3 For Final Judgement On CBN’s Naira Redesign Policy

The final Supreme Court judgement on the Naira redesign policy of the Central Bank of Nigeria (CBN) will be delivered on Friday, 3 March 2023. The Supreme Court, led by seven justices, revealed this on Wednesday, 22 February 2023, after they insisted

February 22, 2023

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Central Bank of Nigeria News - Page 8

CBN Defends Anchor Borrowers’ Programme After IMF Criticism

CBN Quietly Approves Old Naira Disbursement, Traders Reject Banknotes

IMF Warns CBN, Others Against Financing Government’s Excessive Debt

Jim Ovia Gets New Position As Zenith Bank Restructures Into HoldCo

Updated: Old Naira Notes Remain Legal, Buhari Acted As Dictator – Supreme Court Declares

Zenith Bank’s DMD, Adaora Umeoji, Quits On CBN’s New Directive

Increased Spending Towards Elections, Others To Affect Economy – CBN

CBN To Reveal Banks’ Disbursement Details Of New Naira Notes

Old Naira Notes: Shehu Sani, Other Nigerians React To Supreme Court Decision

Breaking: Supreme Court Sets March 3 For Final Judgement On CBN’s Naira Redesign Policy

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