Tag: CBN

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR), also known as the benchmark interest rate, by 50 basis points (bps) ...

The currency in circulation in the country dipped by a 235.03 per cent to N982.09bn at the end of February from N3.29tn at the end of October 2022, on the back ...

The cost of the naira, caused by the Central Bank of Nigeria's (CBN) naira redesign policy, has increased Nigerians' misery, with food prices rising sharply. Furthermore, the private sector has ...

The International Monetary Fund has urged the Central Bank of Nigeria and other monetary authorities to deemphasise monetary policy as a way of tackling the resurgence of inflation. In a new ...

The country’s external reserves fell by $317m in February, according to figures obtained from the Central Bank of Nigeria. The CBN’s data on the movement of foreign reserves showed that ...

The new Central Bank of Nigeria (CBN) directive on the tenure of commercial bank directors has forced Zenith Bank Plc's deputy managing director, Mrs. Adaora Umeoji, to resign from the ...

The Central Bank of Nigeria plans to raise N1.13tn via treasury bills for the second quarter of 2023. This was according to the latest Nigerian Treasury Bill Issue Programme for ...

Total assets of the banking industry grew by N14.36tn or 24.24 per cent from N59.24tn at the end of December 2021 to N73.59tn in the corresponding period of 2022. The ...

The total amount of currency-in-circulation in the country dropped from N3.29tn as of the end of October 2022 to N1.38tn as of the end of January 2023 as a result ...

In an effort to drive a cashless economy, the Central Bank of Nigeria has suggested the use of eNaira for cash transfers during the National Social Safety Net Programme Scale ...