CBN

CBN Launches Non-Resident BVN (NRBVN) For Nigerians in Diaspora

CBN Launches Non-Resident BVN (NRBVN) For Nigerians in Diaspora

The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has launched the Non-Resident BVN… Read More

2 months ago

CBN Injects $197m as Naira Hits Record Low; Ekekwe Urges Exchange Rate Peg at ₦1,200/$

The Central Bank of Nigeria (CBN) on Friday intervened in the foreign exchange market, injecting $197.71 million to stem the… Read More

4 months ago

UBA Discloses ₦141.65 Million CBN Penalties in Governance Report

United Bank for Africa Plc (UBA) has disclosed that it incurred regulatory penalties totaling ₦141.65 million from the Central Bank… Read More

4 months ago

House of Reps Urges CBN to Suspend Hike in ATM Transaction Fee

Nigeria's House of Representatives has directed the Central Bank of Nigeria (CBN) to halt the recent increase in Automated Teller… Read More

5 months ago

Meet Sike Rita Ijeoma: CBN’s New Financial Policy Director

Sike Rita Ijeoma has been appointed as Director of the Financial Policy and Regulation Department at the Central Bank of… Read More

5 months ago

Mallam Abdullahi Hamisu: CBN’s New Director of Banking Services

Mallam Abdullahi Hamisu has been appointed as the Director of Banking Services at the Central Bank of Nigeria (CBN), effective… Read More

5 months ago

Meet Oboh Victor Ugbem, A Policy Economist’s Rise to CBN Monetary Policy Director

Oboh Victor Ugbem was appointed as Director of the Monetary Policy Department at the Central Bank of Nigeria (CBN) yesterday… Read More

5 months ago

Supreme Court Blocks Rivers State FAAC Funds, Backs Amaewhule-Led Legislature

The Supreme Court of Nigeria barred the Central Bank (CBN) from disbursing monthly federal allocations to the Rivers State government… Read More

5 months ago

Naira Rises to ₦1,490 Per Dollar in Parallel Market as FX Reforms Take Hold

The Naira continued its steady appreciation against the US dollar, rising to ₦1,490/$ in the parallel market on Monday, marking… Read More

5 months ago

Questioning the Stable ₦1,500/$ Forex Rate, Nigeria Has Borrowed $4 Billion and Spent $8 Billion to Defend the Naira

In an economy grappling with currency volatility and rising debt, Nigeria’s aggressive defense of the naira has been both bold… Read More

5 months ago

Dr Muda Yusuf- CBN Benchmark Rate Should Not be Higher Than the Inflation Rate

The Central Bank of Nigeria (CBN) recently announced a pause in its aggressive monetary policy tightening, opting to hold the… Read More

5 months ago

CBN Cracks Down on Bank Directors with Insider Loans: A Precedent for Stronger Corporate Governance?

The Central Bank of Nigeria (CBN) has taken a bold step in tightening corporate governance within the banking sector, issuing… Read More

5 months ago