Tag: CBN

On Tuesday, the Naira made no movement against the US dollar in the Investors and Exporters (I&E) segment of the foreign exchange (FX) market, remaining at N461.50/$1. This came as ...

The Central Bank of Nigeria on Thursday launched the Nigerian National Domestic Card Scheme to boost the electronic payment system in the country. During the launch which was done virtually, ...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday increased the primary lending rate by 100 basis points (1%), from 16.5 to 17.5%, contrary to analyst ...

Market participants believe that the Central Bank of Nigeria's (CBN) latest hawkish stance to raise interest rates by 17.5% will dampen investor demand for equities and encourage investors to shift ...

Today, Tuesday, January 24, 2023, investors, analysts, and other stakeholders will await the embattled Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, to address the media at ...

The Central Bank of Nigeria (CBN) recently introduced National Domestic Card Scheme (NDCS) became effective January 16, 2023. There are seven facts about the National Domestic Card Scheme System you ...

The Director of the Legal Services Department of the Central Bank of Nigeria, Mr. Kofo Salam-Alada, has said the agency will go tough on banks that continue to fill their ...

The Central Bank of Nigeria injected $15.3bn into the economy to stabilise the value of the naira from January to October, 2022. This was obtained in the banking sector regulator’s ...

Deposit Money Banks borrowed the sum of N21.87tn from the Central Bank of Nigeria via the Standing Lending Facility window and Repurchase Lending platform in 2020, according to the CBN ...

According to a recently released document obtained by Entrepreneurng, the CBN is open to developing a regulatory framework for potential stablecoin implementations. The "Nigeria Payment System Vision 2025" document contains ...