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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
The CBN has reacted to the recent announcement by MTN Nigeria to start charging N4:00 per 20 seconds on USSD access to banking services.
The CBN has exempted all revenue-generating accounts of government agencies, and several others from charges on cash withdrawal and deposits.
Banks across the country were given a directive from the CBN to cancel any customer requests for purchase of Treasury Bills
The Central Bank of Nigeria (CBN) has disclosed that N500 and N1000 notes were the most counterfeited or faked naira notes in 2018.
The latest Economic Report released by CBN for August 2019 showed that Nigeria generated over N1.2 trillion in oil revenue between June and August 2019.
The Central Bank of Nigeria (CBN) spent a cumulative sum of N231.2 billion to print banknotes in the last 6 years (2013 – 2018).
The latest credit condition survey report released by the CBN disclosed that unsecured lending to households increased in the third quarter (Q3) of 2019.
The CBN recently mandated Commercial Banks in the country to maintain a minimum Loan to Deposit Ratio (LDR) of 60% by 30th September 2019.
The value of online transaction made in Nigeria has increased from N36.49 trillion between January and June 2018 to N49.35 trillion in 2019.
In 2015, the CBN released a list of 41 items prohibited from being imported into Nigeria with FOREX sourced from the CBN.
Banks' deposits with the Central Bank of Nigeria (CBN) via the Standing Deposit Facility (SDF) dropped by 68%.
The CBN has advised business owners to prepare for the present and future of digital business environment using big data and tech.