The Central Bank of Nigeria (CBN) has imposed fines totaling N1.35bn on nine Deposit Money Banks for failing to ensure cash availability via Automated Teller […]
Tag: CBN
Banking Staff Association, Rights Group Decry CBN’s Role in Cash Scarcity
The Association of Senior Staff of Banks, Insurance, and Financial Institutions (ASSBIFI) has blamed the Central Bank of Nigeria (CBN) for the worsening cash […]
CBN’s Monetary Policy Committee Expected to Hold Interest Rate Amid Inflation Moderation and Naira Volatility
As the Central Bank of Nigeria (CBN) begins its two-day Monetary Policy Committee (MPC) meeting, analysts expect the committee to maintain the Monetary Policy Rate […]
AGAIN, THE CBN UNDER IMF JACK BOOTS: DEVALUE THE NAIRA, RAISE INTEREST RATES
A devaluation is the downward adjustment of the value of a country’s money relative to another official exchange rate. It reduces the cost of a […]
CBN Warns of Potential Risks to External Reserves Amid Subsidy Removal and Rising Debt
The Central Bank of Nigeria (CBN) has raised concerns about potential downside risks to the country’s external reserves in the coming years due to key […]
FCT High Court Denies Ex-CBN Governor Emefiele’s Request for UK Medical Trip
A High Court of the Federal Capital Territory (FCT) in Maitama has denied an application by former Central Bank of Nigeria (CBN) Governor Godwin Emefiele […]
CBN Excludes Bureau De Change Operators from Latest Forex Sales
The Central Bank of Nigeria (CBN) has excluded Bureau De Change (BDC) operators from its latest tranche of foreign exchange (forex) sales, limiting the intervention […]
CBN Resumes Forex Sales to BDC Operators After Four-Month Break, Injects $122.67 Million to Stabilize Market
The Central Bank of Nigeria (CBN) has resumed forex sales to Bureau De Change (BDC) operators after a four-month hiatus, injecting $122.67 million into the […]
Prosecution Alleges Ex-CBN Governor Emefiele Awarded Contracts to Family
Michael Agboro, the seventh prosecution witness, testified that suspended Central Bank of Nigeria (CBN) Governor Godwin Emefiele awarded contracts to companies owned by his wife […]
CBN Revokes Heritage Bank’s License to Safeguard Financial Stability
The Central Bank of Nigeria (CBN) has announced the immediate revocation of Heritage Bank Plc’s license, citing the need to maintain a stable and healthy […]