Tag: CBN

The Federal Government in collaboration with the Central Bank of Nigeria, has said it would finance production of four million prepaid meters locally, a power sector document obtained by The PUNCH on ...

The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTOs) to commence remittances pay-out in both Naira and foreign exchange to beneficiaries. It has also directed that ...

The Director, Risk Management, Central Bank of Nigeria, Dr Blaise Ijebor, has urged risk managers practitioners to keep up with trends that will pose as risks for their organisation. Ijebor, ...

The Central Bank of Nigeria has asked Deposit Money Banks and Other Financial Institutions in the country to increase monitoring of transactions with businesses and persons in and from Cameroon, ...

There are indications that banks in Nigeria are increasingly relying on the Central Bank of Nigeria, CBN, for liquidity as their borrowings from the apex bank intensifies. A CBN data ...

The Monetary Policy Committee of the Central Bank of Nigeria, on Wednesday, unanimously voted to increase its monetary policy interest rates to 18.5 per cent. The PUNCH reports in March that the ...

The Central Bank of Nigeria (CBN) has announced revocation the licences of 132 Microfinance Banks, three Finance Companies and four Primary Mortgage Banks across the country. The revocation is contained ...

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the banking sector was committed to expanding foreign exchange supply in the country. He noted that the RT200 ...

Nigeria is a country with a rapidly developing economy, and there have been several significant business-related announcements in recent times. These developments are indicative of the growing interest in digital ...

Mr Godwin Emiefele, Governor of the Central Bank of Nigeria (CBN), revealed that non-oil export earnings in Nigeria increased by 40% from $3 billion in 2021 to $5.6 billion at ...