Tag: CBN

The bill also proposes that the CBN should give at least one year's notice before replacing a legal tender with ...

CBN reiterated the importance of a market with minimal distortions, allowing for easy entry and exit of participants.

The MPC voted to keep the Cash Reserve Ratio (CRR) at 45 per cent while the Liquidity Ratio was retained ...

Key areas addressed in the revised Guidelines include permissible activities, licensing requirements, corporate governance standards, and Anti-Money Laundering/Combating the Financing ...

The CPPE said it welcomes the decision of the CBN to approve the use of the exchange rate reflected on ...

...a unified and nationalistic approach is essential to halt the decline of the naira. Every citizen, from policymakers to ordinary ...

Law enforcement officials say the value of the Naira depreciates whenever FAAC allocations are shared among tiers of government.

PREMIUM TIMES had exclusively reported that the government was considering blocking Binance and other crypto firms.

The 2020 audit report, the latest from the Office of the Auditor General of the Federation, uncovered diversion and misappropriation ...

All Authorized Dealer Banks shall henceforth effect payout of PTA/BTA through electronic channels only, including debit or credit cards.

The president's request was contained in a letter read by the Senate President, Godswill Akpabio, during the plenary on Tuesday.

At GTB, he allied with long-time friend and business partner Aigboje Aig-Imoukhuede, also an executive director at the bank at ...

The Ways and Means had been a recurring loan the CBN issued to the federal government to finance shortfalls in ...

Last Wednesday, the Senate Committee summoned Nigeria's central bank chief to appear before members of the committee.

The World Bank currently has over 30 ongoing projects in Nigeria.

Mr Benson, in his motion, said some banks are sabotaging the efforts of the central bank to halt the slide ...

He stated that between 2010 and 2020, Nigerians spent over $40 billion on these endeavours.

Mr Cardoso and others are to brief the lawmakers on the state of the naira and the implementation of the ...

The new MPC will complement the fiscal side and ensure that they are moving the economy in the right direction, ...

Mr Cardoso said the infractions observed included some entities not having valid import documents, and that in some cases, even ...

Mr Cardoso said they have to see that they can manage potential issues that could fall out from an overpopulated ...

Describing these allegations as completely false, the CBN asserts that the intention behind such reports is to instigate panic within ...

Atiku described the directive as illegal and that it undermines the operational independence of the national oil company.

Stanbic IBTC earned N270.6 billion in interest income compared to N152.7 billion a year ago.

The committee asked the CBN Governor to appear before it on Tuesday next week.