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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
The plan by the Central Bank of Nigeria (@cenbank) to put an end to the circulation of dirty, mutilated and unfit naira notes have been supported by the Association of Bureaux De Change Operators of Nigeria (ABCON).
Central Bank of Nigeria (CBN) has approved the revised guidelines for private sector participation as Cash In Transit firm or as Cash Processing firm.
The CBN has been urged to assist the FIRS to track the electronic payment of Value Added Tax made by foreign entities that are not registered in Nigeria.
Lawmakers have accused PenCom of refusing to provide its statement of account to aid the investigation into the alleged withdrawal of N33 billion from PenCom's account.
Mrs Ahmed used the occasion to urge students to learn about financial literacy in order to improve on their savings skills and learn to invest in their future.
tHE Founder and Publisher of Nairametrics, Mr Ugo Obi-Chukwu, used his Twitter page to explain the implications of CBN's recent cut of MPR rate.
The Central Bank of Nigeria (CBN) has created a new department that will regulate the activities of the financial Technology Companies (Fintechs) and other financial institutions under the digital development.
The Liquidity Ratio and Cash Reserve Ratio were also maintained at 30.0% and 22.5% respectively.
As the economic mainstay remains oil and gas, FSDH is worried about Nigeria's Balance of Payment.
If or when the inflation rate rises, it may trigger an increase in the cost of living. This is because hike in prices influences inflation rate.
Recently, an angry Nigerian man called out the CBN on Twitter, complaining about how his mother's account was wrongfully debited after a failed transaction.
Nigeria's dependence on textile importation led to the shut down of many textile companies which, in turn, caused retrenchment in the textile industry.