Banks sabotaging efforts on new notes – CBN
The Central Bank of Nigeria (CBN) has blamed commercial banks for sabotaging its efforts in replacing mutilated notes with new…
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CBN to reduce interest rate before year-end – Report
Entrepreneurs might soon have reasons to smile as the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is…
2019: Election spending may affect naira stability – CBN
The Central Bank of Nigeria (CBN) has warned that the economy faces inflation and financial stability risks over the short-to…
Nigeria seals N720bn currency swap deal with China
The Central Bank of Nigeria (CBN) has signed a currency swap deal with the Peoples Bank of China (PBoC) worth Renminbi (RMB) 15…
CBN boosts FOREX market with $210m
The Central Bank of Nigeria (CBN), on Wednesday, injected 210 million dollars into the Inter-bank Foreign Exchange Market in…
CBN captures 31m Nigerians in BVN Project
The Central Bank of Nigeria (CBN) has captured no fewer than 31 million account customers in its Bank Verification Number (BVN)…
Delayed accounts: CBN threatens to sack CEOs, chairmen of defaulting banks
The Central Bank of Nigeria (CBN) has directed that henceforth CEOs and chairmen of any bank which fails to publish its annual…
Money laundering: CBN goes tough; issues stiffer sanctions, warnings
The Central Bank of Nigeria (CBN) has warned money deposit banks and their directors against aiding money launderers to avoid…
CBN injects fresh $210m into forex market
...as Naira exchanges for N360/$1
The Central Bank of Nigeria (CBN) has intervened with another sum of $210m in the foreign…
CBN lends banks N27.6tr in six months – Report
Commercial Banks borrowed N27.46 trillion from the Central Bank of Nigeria (CBN) in six months, data from the apex bank’s half…