CBN

Interest rate stays at 11.5%, says CBN

The monetary policy committee of the Central Bank of Nigeria has retained interet rate at 11.5 per cent. This was…

5 years ago

CBN bans forex sale to bureau de change operators

The Central Bank of Nigeria has stopped the sale of foreign exchange to Bureau De Change operators in the country.…

5 years ago

CBN plans digital currency launch before December

Reps back bill stopping foreign accounts for bankers The Central Bank of Nigeria has said it will launch a digital…

5 years ago

CBN to sanction banks denying customers foreign exchange

The Central Bank of Nigeria has handed down a warning to banks’ chief executive officers to be prepared for heavy…

5 years ago

South-South receives N333bn CBN intervention funds

The push for the people of Nigeria’s South-South region to show greater interest in the various intervention funding of the…

5 years ago

CBN moves to curb $580m annual cassava by-product imports

Despite being the world’s largest producer of cassava, Nigeria imports over $580 million worth of cassava by-products annually. To keep…

5 years ago

CBN pegs exchange rate at N410/$1, after adopting NAFEX

The Central Bank of Nigeria (CBN) has adopted the Nigerian Autonomous Foreign Exchange (NAFEX) rate and updated its website to…

5 years ago

State govs, CBN disagree over loan repayment

The 36 state governors under the aegis of the Nigeria Governors’ Forum and the Central Bank of Nigeria have disagreed…

5 years ago

CBN drops N379/$1 exchange rate, adopts I&E window

The Central Bank of Nigeria has removed the official exchange rate of N379 to a dollar from its website since…

5 years ago

CBN extends indefinitely N5 bonus for every $1 diaspora remittances

The Central Bank of Nigeria has announced the extension of its “Naira 4 Dollar Scheme” — an incentive for senders…

5 years ago