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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
The apex bank said Nigerians now have varieties of digital payment channels to select from including the eNaira.
The Central Bank of Nigeria (CBN) has in its new guideline barred deposit money banks and other financial institutions seeking a conversion license from expanding or reducing their current banking network.
NiMet and CBN signed a Memorandum of Understanding (MoU) which would see increased collaboration dedicated towards Nigeria’s food production.
Nigeria’s gross external reserve has fallen to $35.74 billion dollars as of March 24, 2023. This is the lowest balance since September 20, 2021, when the reserves fell to $35.73 billion, according to data from the Central Bank of Nigeria (CBN).
Nigerian payment and financial service company OPay has appreciated its customers, merchants, and partners for their strong patronage, especially over the last 3 months.
The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to dialogue with the NLC on its planned strike action and picketing of CBN offices nationwide over the lingering cash scarcity.
The House of Reps has asked CBN to direct banks to improve electronic banking platforms for efficient operations.
Kingsley Moghalu said the cashless policy was introduced by the CBN's Committee of Governors to encourage digital transactions and not to abolish cash transactions
Here is an analysis of some of the gainers and losers of cash scarcity across the country, based on findings by Nairametrics
Negative reactions have trailed yesterday's decision by the Monetary Policy Committee (MPC) of the CBN to raise the monetary policy rate to 18%
Unity Bank Plc has appointed Mr Hafiz Mohammed Bashir as the acting Chairman of the Board of Directors.
The Nigerian Poultry industry lost more 15 million crates of eggs valued at over N30 billion due to the adverse effects of naira scarcity challenge in the country.