Boma Achenimie
On Friday, the Central Bank of Nigeria (CBN) said it has sold foreign currencies worth $148 million in the Nigerian Foreign Exchange Market (NFEM) to authorised dealer banks. This was contained in a press statement…
Boma Achenimie
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Tuesday raised the interest by 50 basis points to 26.75 per cent from 26.25 per cent in May 2024. The Governor of…
Boma Achenimie
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso on Saturday presented the 2024 half-year briefing to the Senate Committee on Banking, Insurance, and Other Financial Institutions. This was disclosed in a posted…
Boma Achenimie
The Central Bank of Nigeria(CBN) has directed all banks and other financial institutions to transfer all dormant accounts, unclaimed balances and other financial assets to its dedicated account. This was contained in a circular issued…
Boma Achenimie
The Nigerian Deposit Insurance Corporation(NDIC) has assured depositors of Heritage Bank that there is no need for panic as it is already in the process of repaying depositors of the bank. The Managing Director of…
Boma Achenimie
Amid the widespread criticism that has greeted the new policy, the Socio-Economic Rights and Accountability Project (SERAP) has given President Bola Tinubu-led administration a 48-hour ultimatum to withdraw the cybersecurity levy directive issued by the…
Boma Achenimie
The Central Bank of Nigeria (CBN) has issued a directive to all banks to implement a 0.5% cybersecurity levy on all electronic transactions to bolster cyber defences. However, in a bid to mitigate the impact…
Boma Achenimie
Nigeria’s Vice President, Kashim Shettima on Thursday said the interventions of the Central Bank of Nigeria (CBN) and the National Security Adviser (NSA) in the foreign exchange (FX) market have “translated into desired results”. Shettima…
Boma Achenimie
Following the Central Bank of Nigeria (CBN) directive imposing a temporary ban on mobile money operators including prominent fintech firms from onboarding new customers, some bank customers have taken to their social media page to…
Boma Achenimie
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has clarified that the President Bola Tinubu-led Federal Government has not resorted to borrowing from the Central Bank of Nigeria (CBN). Edun spoke…
