CBN fines 3 more Nigerian banks N514 million for facilitating cryptocurrency transactions

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

The Central Bank of Nigeria has fined First City Monument Bank (FCMB), Fidelity Bank Plc and Wema Bank a whopping ...

How social media reacted to the CBN crypto ban

Why CBN does not want Nigerian banks to deal with crypto

April 7, 2022

Cryptocurrencies will continue to provoke distrust and criticism from established authorities like the CBN until its ecosystem matures and it ...

Why court struck out case against CBN cashless policy

by Justina Mboho

April 5, 2022

The action of the Apex Bank culminating in the issuance of the cashless policy and its implementation can be said ...

Senate accuses CBN of default payment, CBN says it’s a lie

CBN warns Nigerians against Illegal Financial Operators

by Ubah Jeremiah Ifeanyi

April 5, 2022

The CBN has warned Nigerians against engaging with illegal and unregistered financial operators who entice members of the public with ...

IMF reveals steps it can take to help with success of eNaira

Nigerians’ interest in eNaira declines in favour of Bitcoin and other cryptocurrencies

by Ubah Jeremiah Ifeanyi

April 5, 2022

The CBN's inability to maintain Nigerians' interest in the eNaira has created a gap for Bitcoin and other cryptocurrencies to ...

Central Bank of Nigeria, Foreign exchange market, Naira vs dollas, IMF, Foreign Reserves, External reserves, CBN, Why do we all love the dollar?

Amid CBN interventions, Naira depreciated by N22 on the black market in Q1 2022

by Ubah Jeremiah Ifeanyi

April 4, 2022

Despite multiple interventions by the Central Bank of Nigeria to defend the Naira, the Naira fell by N22 in the ...

Credit Guarantee Scheme: How to become a CBN credit guarantor

by Ubah Jeremiah Ifeanyi

March 31, 2022

The CBN has established the Credit Guarantee Schemes to promote lending to MSMEs and remove barriers to their growth.

CBN health intervention fund gets new interest rate by March 2012, Nigerian banks’ non-performing loans drop significantly by 41% in 2019, External reserves decline by over 8% in 3 months, Nigeria’s external reserves increase by $1.36 billion in 13 days

Why the CBN is investing so much in agriculture

by Ubah Jeremiah Ifeanyi

March 29, 2022

THe Governor of the CBN has revealed the underlying reason behind the CBN's huge agricultural intervention in the Nigerian economy.

FG planning to become Africa’s largest Wheat producer

Rising wheat price, forex crises pushes CBN to increase funding for wheat cultivation

by Ubah Jeremiah Ifeanyi

March 25, 2022

The CBN has increased funds to stimulate wheat-growing due to a global increase in wheat prices and the need to ...

Fuel scarcity: PENGASSAN says non-availability of FX to marketers responsible for crisis

by William Ukpe

March 24, 2022

PENGASSAN has claimed that the non-availability of FX at the CBN rate to marketers is largely responsible for the increase ...

Tag: Central Bank of Nigeria