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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
Many Nigerians were shocked by the news that the CBN had ordered the immediate removal of some key directors of eTranzact International.
The policy of the CBN which allows bank customers to be charged for cash deposits has left a bitter taste in the mouth of the lawmakers.
The Economic report of the CBN has revealed that the country earned N5.37 trillion from the sale of oil between August 2018 and July 2019.
The NDIC has commenced the payment of money deposited in the 154 failed Micro Finance Banks (MFBs) to the customers of the banks.
Industry experts have advised the CBN to consider consulting stakeholders before effecting the ban on access to forex for milk importers.
CBN Governor, Godwin Emefiele, has disclosed that the apex bank would move to further cut the MPR if inflation drops to a single digit.
The Country Manager for OPay in Nigeria has said traditional banks should be worried about the Fintechs and Telecos certified by the CBN.
The CBN Purchasing Managers’ Index shows that Nigeria’s manufacturing sector slowed down in the month of September 2019.
Some economists and financial experts have attributed the retention of the MPR at 13.5% by the CBN to late budget cycles.
Access Bank Plc has listed N30 billion, 7-Year 15.5% Fixed Rate Subordinated Unsecured Bonds on the Nigerian Stock Exchange (NSE).
Central Bank Governor, Godwin Emefiele has tendered an apology over the inconveniences generated by the introduction of the cashless policy.
The CBN has announced that it would start to restrict foreign exchange for the importation of cassava, and other products into Nigeria.