CBN Raises Interest Rate to 18.5%
The Central Bank of Nigeria (CBN) at its just concluded Monetary Policy Committee (MPC) meeting increase its monetary policy interest rates to 18.5 per cent. The CBN Governor, Godwin Emefiele,…
CBN Increases Interest Rate to 18.75 Percent
The Central Bank of Nigeria (CBN) has announced an increase in the banks' interest rates. In its fourth Monetary Policy Meeting for 2023, the CBN raised the Monetary Policy Rate…
CBN Introduces Online Platform for Microfinance Bank Licence Applications
The Central Bank of Nigeria (CBN) has introduced an online platform called the CBN Licensing, Approval, and Other Requests Portal for a microfinance bank (MFB) license. The platform intended to…
DSS Arrests Deputy CBN Governor Aisha Ahmad
A Deputy Governor of Central Bank of Nigeria, Aisha Ahmad, has been arrested by the Department of State Services (DSS). Daily Report Nigeria reports that Ahmad, who oversees Financial System…
CBN Directs POS Owners to Register with CAC
The Central Bank of Nigeria (CBN) has issued a directive requiring all Point-of-Sale (POS) operators in the country to formalize their business registration with the Corporate Affairs Commission (CAC) within…
Dollar To Naira Exchange Rate Today: Black Market Rate Skyrockets To N1600
The dollar to naira exchange rate at the black market, also known as the parallel market (Aboki fx), has skyrocketed to N1600. According to sources at Bureau De Change…
CBN Clarifies Status of Old Naira Notes Amidst Controversy
•Old 200, 500, and 1000 Naira Notes to Remain Legal Tender Indefinitely The Central Bank of Nigeria (CBN) has responded to the House of Representatives, stating that there is no…
33 Dismissed CBN Staff Demand N30bn in Damages, Reinstatement
Thirty-three former employees of the Central Bank of Nigeria (CBN) have sued the apex bank over their mass termination last year. The ex-staff members, who were laid off in April…
CBN releases N200bn Loan For FG’s Social Housing Project
The Central Bank of Nigeria has stated that, it will release a cumulative maximum limit of N200bn to provide construction finance facility to enable Family Homes Funds Limited to implement…
eNaira: All You Need to Know About Nigeria’s Digital Currency
What makes eNaira different from money in your bank account The Central Bank of Nigeria’s eNaira website has gone live ahead of the October 1 official launch. According to the…