Tag: CBN

The policies have engineered Nigeria's worst cost-of-living crises in a generation.

The approved measures include increasing the authorised additional capital raise from N150 billion to N340 billion, which empowers the Group ...

The bank explained that the restriction aligns with the apex bank’s ongoing efforts to advance a cashless economy.

The bill provides an increase in the reinsurance of the insurance companies from ₦10 billion to ₦35 billion, while the ...

Section 50(3) stipulates that these accounts must be published in the government gazette “as soon as possible.”

The bank cited incidents of banks facilitating the illicit flow of mint Naira notes through direct actions or inactions.

It said the clarification follows widespread misinformation regarding the validity of the old notes.

This follows the House of Representatives' decision to question the programme’s transparency and financial implications and to investigate the proposed ...

To facilitate effective resolution of cash dispensing challenges, the CBN has provided state-specific contact details.

It instructed banks to ensure efficient cash disbursement over-the-counter (OTC) and via ATMs.

The MTEF is a projection of a three-year spending plan of the federal government.

According to the 2021 report, released December 2024, the CBN also violated its internal policies governing dollar time deposits.

They identified the reasons why the number of cases increased exponentially from 441 to 1,629 and also in financial value ...

A meeting convened by the board of directors will ask shareholders next month to, among other options, assent to a ...

The MPC opted for a further tightening of monetary policy, raising the benchmark Monetary Policy Rate (MPR) by 25 basis ...

Rivers State Governor Siminalayi Fubara and the state government had filed the appeal to challenge the 30 October judgement stopping ...

The CBN clarified that the SWIFT documents provided as evidence are often unverifiable and not traceable on the SWIFT platform.

The change applies also to the subsidiaries within the group, FBN Holdings remarked.

Ms Sidi-Ali said that the CBN had been inundated with claims by some stakeholders about the conclusion of foreign currency ...

“We wish to clarify that this is false. These individuals are solely motivated by the desire to defraud unsuspecting Nigerians. ...

The EFCC charged the businessman and his company for fraud.

Shareholders to receive one new share for five existing shares

Mr Emefiele and Mr Buhari adamantly stuck to the Naira redesign policy despite the chaos, widespread disruption it caused weeks ...

Additional constraints identified by the survey include multiple taxation, unreliable power supply, and an unfavourable economic climate.