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CBN
The Central Bank of Nigeria has said that despite the steady rise in inflation, the country is still doing better than most African countries.
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Federal Government to ban the operations of Binance in the country.
The Central Bank of Nigeria (CBN) on Monday removed primary mortgage banks and microfinance banks from its cash withdrawal limit policy.
Nigerians who suffered the consequences of the extended naira Redesign scheme should be compensated with the sum of N2 trillion.
President Bola Tinubu has appointed Jim Obazee, Chief Executive Officer of the Financial Reporting Council of Nigeria, as a special investigator to probe the Central Bank of Nigeria (CBN) and related entities.
A Federal Capital Territory High Court in Abuja has dismissed a request filed by the Department of State Services (DSS) seeking a 14-day extended detention order for the suspended Governor of the Central Bank (CBN), Mr. Godwin Emefiele.
The House of Representatives has turned down a motion urging the Federal Government to intervene and take necessary steps to stabilize the Naira.
Tosin Osunkoya, has said that the Central Bank of Nigeria must strike a balance between controlling price stability, inflation, and exchange rate with a realistic approach to solving these difficulties effectively.
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 25bps to 18.75% from 18.5% at its penultimate Monetary Policy Committee (MPC) meeting for the year 2023, the first under the new administration.
The Chief Executive of the Center for the Promotion of Private Enterprise (CPPE) Dr Muda Yusuf signalled that the recent hike in rate by the CBN MPC would hurt investors in the real economy, citing that the main drivers of inflation so far are the rising energy costs and depreciating exchange rates.
The acting Central Bank of Nigeria (CBN), Folashodun Shonubi, said the apex bank are not trying to unify the rate, as they are encouraging the market to be efficient
The Central Bank of Nigeria (CBN) has instructed banks to lift the post-no-debit restriction on the bank accounts of 440 individuals and companies, including that of fintechs like Bamboo, Risevest, and a sports betting company, Nairabet.