BREAKING: CBN raises interest rate to 26.25% The Central of Nigeria Monetary Policy Committee has raised interest rates by 150 basis points to 26.25 per cent from...
CBN in U-turn withdraws cybersecurity levy The Central Bank of Nigeria (CBN) has withdrawn the circular it issued to all commercial banks on May 6, 2024, directing...
Panic in financial sector, others over depreciating naira at N1,500/$ The depreciating value of Nigeria’s currency, the naira, is causing panic among businesspeople and others in...
CBN extends suspension of cash deposit charges by bank customers The Central Bank of Nigeria (CBN) has directed commercial banks to extend suspension of charges on...
CBN cybersecurity levy will worsen Nigerians’ situation – PRP The Peoples Redemption Party (PRP) has condemned the cybersecurity levy imposed on electronic transfers by the Central Bank of...
CBN directs banks to start deducting cybersecurity levies from customers The Federal Government has directed commercial banks and other financial institutions to start charging a cybersecurity levy...
CBN bans Opay, Palmpay, Moniepoint, Kuda from opening new accounts Some bank customers have expressed panic as the Central Bank of Nigeria bans mobile money operators including fintech...
FG borrows N3.8trn from CBN in 6 months, says new report In the last six months of 2023, the Federal Government of Nigeria received an additional N3.8 trillion...
Naira fall: Senator warns CBN against artificial measures Senator Ned Nwoko, has advised the Federal Government and the Central Bank of Nigeria (CBN) against any measures that...
Naira continues fall against dollar despite CBN $10,000 to BDCs The Naira has failed to appreciate against the US dollar at the foreign exchange market despite...
