The Nigeria Senate has approved the appointment of Professor Melvin D. Ayogu as a member of the Board of Directors of the Central Bank of…
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Tag: CBN
Cardoso, Ribadu Warn Against Naira Mutilation
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso and Nigeria’s National Security Adviser, Nuhu Ribadu, have warned Nigerians against mutilating the Naira.…
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CBN 299th Monetary Policy Committee Meeting: Its Implications for the Nigerian Capital Market
Key Decisions: * Monetary Policy Rate (MPR) retained at 27.50%. * Cash Reserve Ratio (CRR) retained at 50.00% for DMBs; and 16.00% for Merchant Banks…
View More CBN 299th Monetary Policy Committee Meeting: Its Implications for the Nigerian Capital Market
NLC Kicks As CBN Introduce Cyber Security Levy
The Nigeria Labour Congress ( NLC), has described the planned cyber security levy introduced by the Central Bank of Nigeria( CBN) on all electronic transactions,…
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CBN Moves To Freeze Accounts Without BVN, NIN
The Central Bank of Nigeria (CBN,), last Friday ,announces the Freezing of a very account that is without a Bank Verification Number ( BVN) or…
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CBN Introduces New Digital Platform for MFB License Applications
The Central Bank of Nigeria (CBN) has introduced a new digital platform known as the CBN Licensing, Approval, and Other Requests Portal (CBN LARP) for…
View More CBN Introduces New Digital Platform for MFB License Applications
Drama Unfolds as Central Bank Governor Emefiele Faces Court and Controversial Re-Arrest
The suspended Central Bank Governor, Mr. Godwin Emefiele, was presented before a Federal High Court in Lagos yesterday, amidst a flurry of events involving the…
View More Drama Unfolds as Central Bank Governor Emefiele Faces Court and Controversial Re-ArrestReactions Trail CBN Withdrawal’s Limit
Nigerians have strongly condemn the Godwin Emefiele’s Central Bank of Nigeria (CBN) cash withdrawal limit policy describing it as a calculated way of inflicting more…
View More Reactions Trail CBN Withdrawal’s LimitCBN Freezes Bank Accounts Of Forex Trading Platforms
The Central Bank of Nigeria has just frozen the bank accounts of Nigerian fintech platforms Risevest, Bamboo, Trove and Chaka for the next six months.…
View More CBN Freezes Bank Accounts Of Forex Trading PlatformsRE- CBN: South East Unwilling to Access Credit Facilities
The office of the Minority Whip/member representing Arochukwu State Constituency, in the Abia House of Assembly, has frowned at a recent publication in the National…
View More RE- CBN: South East Unwilling to Access Credit FacilitiesNwaogu hails Gov. Ikpeazu over NBS’ FDI repo …says result Is sustainable
By Charles Ogbonnaya. The report on capital importation into the country, compiled by the Central Bank of Nigeria, was released on Friday by the National…
View More Nwaogu hails Gov. Ikpeazu over NBS’ FDI repo …says result Is sustainableACCIMA Trains Abians on Entrepreneurship Development
Aba Chamber of Commerce, Industry,Mines and Agriculture (ACCIMA), has trained over four hundred Abians on Entrepreneurship Development, making them eligible for the CBN/ NIRSAL…
View More ACCIMA Trains Abians on Entrepreneurship DevelopmentCBN exonerates Abia ADP from inputs distribution saga
The Central Bank of Nigeria (CBN) says the Abia State Agricultural Development program (ADP) has no hand in the distribution of inputs to maize farmers…
View More CBN exonerates Abia ADP from inputs distribution sagaAbia to key into FG’s oil palm Belt initiative.
Abia State government has said it will key into the oil palm belt Agricultural initiative of the Federal Government in conjunction with the Central Bank…
View More Abia to key into FG’s oil palm Belt initiative.MTN Nigeria kicks over illegal repatriation of $8.1 billion
MTN Nigeria on Thursday denied claims by the Central Bank of Nigeria that it illegally, in collusion with four Nigerian banks repatriated $8.1billion from its…
View More MTN Nigeria kicks over illegal repatriation of $8.1 billionGovernors meet over FAAC deadlock, minimum wage
Governors are currently in Abuja to discuss issues that led to the deadlock of the last Federation Accounts and Allocation Committee (FAAC) meeting in Abuja.…
View More Governors meet over FAAC deadlock, minimum wageReps plans to meet with CDAs, checks excessive electricity charges
The House of Representatives says Thursday it would meet with Community Development Associations in different geo-political zones during its Ad Hoc Committee assignment, to curb…
View More Reps plans to meet with CDAs, checks excessive electricity chargesStay out off bitcoins, crypt occurrences – NDIC warns Nigerians
Nigerians have been warned to avoid trading with bitcoin and cryptocurrencies. This warning was made by Nigeria Deposit Insurance Corporation, NDIC. It said that there…
View More Stay out off bitcoins, crypt occurrences – NDIC warns NigeriansHigher tariff to be slammed on cigarette, alcohol
Mrs. Kemi Adeosun, Minister of Finance, is suggesting increased tariff for cigarette and alcohol. Her proposal is in line with the implementation of the ECOWAS…
View More Higher tariff to be slammed on cigarette, alcohol$210m injected into foreign exchange market by CBN
Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure availability and meet customers’ requests in various…
View More $210m injected into foreign exchange market by CBNForeign reserves peak at $40bn
The nation’s foreign reserves currently stand at $40.4 billion highest level since October 2014. This represents an increase of about $1 billion between December 2017…
View More Foreign reserves peak at $40bnMSME fund: Reduce lending rate, Ambode tells CBN
Mr. Akinwunmi Ambode, Lagos State Governor yesterday, said it was time for the government to review policies that affect growth, as well as come up…
View More MSME fund: Reduce lending rate, Ambode tells CBNIMF raises fresh concerns over Nigeria’s public debts, others’
From the International Monetary Fund (IMF) yesterday again came a warning on Nigeria and two other African Nations’ rising public debt stock, projecting that a…
View More IMF raises fresh concerns over Nigeria’s public debts, others’Why closed NERFUND-FG
The Permanent Secretary, Federal Ministry of Finance, Mr Mahmoud Isa-Dutse said the closure of the National Economic Reconstruction Fund (NERFUND) was based on the recommendations…
View More Why closed NERFUND-FG