CBN Confirms Exit Of 1000 Staff Voluntarily In December 2024
Olayemi Cardoso, has said that the 1000 staff members who left the institution in December 2024 did so voluntarily. He made the clarification on Friday during an investigative hearing by…
CBN Orders Banks to Pay 10% Interest on Savings Deposit
The Central Bank of Nigeria (CBN) has ordered banks to pay 10% of it’s Monetary Policy Rate (MPR) as the minimum interest rate on savings deposit henceforth. The MPR is…
eNaira Will Boost Cross-Border Trade – CBN
Rakiya Mohammed, CBN director of information technology has explained the economic implications and importance of a centralised and regulated digital currency in the country. Last month, the CBN said it…
BREAKING: Emefiele Drags INEC, AGF, APC to Court Over Presidential Ambition
Mr. Godwin Emefiele, the Central Bank of Nigeria (CBN) Governor, has dragged the Independent National Electoral Commission, INEC, and four others before a Federal High Court in Abuja to seek…
5 Things to Know About Redesigned Naira Notes
This week, the Central Bank of Nigeria announced plans to redesign Naira notes, particularly the N200, N500, and N1000 denominations. CBN Governor, Godwin Emefiele said the apex bank had secured…
CBN Amends Cash Withdrawal Limit Policy
The Central Bank of Nigeria (CBN), has amended its earlier weekly limit for cash withdrawals by individuals and corporate organisations. This was in a circular issued by the CBN and…
BREAKING: CBN Gives New Order on Naira Notes
The Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) to begin payment of the redesigned Naira notes over the counter, subject to a maximum daily payout limit…
BREAKING: CBN Has No Reason to Disobey Court Order on Naira Policy – Presidency
The Presidency has declared that the Central Bank of Nigeria, CBN, has no reason to disobey the Supreme Court's order on the new naira policy. In a statement on Monday,…
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…