CBN slashes Interest Rate on Savings Deposit to 1.25% Oluwadamilare Emmanuel Sep 2, 2020 The minimum interest rate to be paid by deposit money banks (DMBs) in Nigeria to their customers for deposits has been reviewed…
9PSB set to commence operations after CBN approval Oluwadamilare Emmanuel Aug 31, 2020 Following the approval by the Central Bank of Nigeria (CBN), Nigeria’s lifestyle and payment service bank, 9PSB (Payment Service…
Don’t give loans to customers – CBN Orders Payment Service Banks Oluwadamilare Emmanuel Aug 30, 2020 Payment Service Banks (PSBs) operating in the country have been directed not to grant loans to their customers because they are…
Why BDC Operators Can’t Get Forex For Now – CBN Oluwadamilare Emmanuel Aug 18, 2020 The Central Bank of Nigeria (CBN) has explained why it was yet to resume the sale of Dollars to operators in the Bureaux De Change…
CBN retains benchmark interest rate at 12.5% Oluwadamilare Emmanuel Jul 20, 2020 The Central Bank of Nigeria on Monday retained the country’s benchmark interest rate or Monetary Policy Rate at 12.5 percent. It…
NEXIM Bank denies mismanaging CBN’s N50bn Export Fund Oluwadamilare Emmanuel Jul 17, 2020 The Nigerian Export-Import Bank (NEXIM) has refuted claims made by an organisation that it mismanaged a N50 billion fund released…
CBN forecasts lower inflation figures in Q4 2020 Oluwadamilare Emmanuel Jul 15, 2020 The Central Bank of Nigeria (CBN) has expressed optimism that the rising inflation rate in the country will begin to fall in the…
Business FG hands over National Theatre to CBN, Bankers Committee Oluwadamilare Emmanuel Jul 12, 2020 The Minister for Culture and Information, Alhaji Lai Mohammed, on Sunday in Lagos handed over the National Theatre to the Central…
Business CBN approves appointment of Sogunle as StanbicIBTC Holdings CEO Oluwadamilare Emmanuel Jul 7, 2020 The promotion of Dr Demola Sogunle to the position of the Chief Executive Officer (CEO) of Stanbic IBTC Holdings Plc has been…
Business Senate summons Finance Minister, CBN Governor, others Oluwadamilare Emmanuel Jul 2, 2020 The Senate on Wednesday summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed, to brief it on measures…