BREAKING: CBN raises interest rate to 26.25%
The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark interest rate to 26.25 per cent. This disclosure…
CBN
CBN pulls cybersecurity levy circular
Alex Pmenye The Central Bank of Nigeria has canceled its order for banks and payment service providers to collect and send a…
Nigeria recorded $282.61m diaspora remittance in Q1 2024
Nigeria recorded $282.61m in diaspora remittance in Q1 2024. Nigeria recorded a total direct foreign exchange remittance of $282.61 million in the…
CBN unveils 11 Nigerian pre-shipment agents
The Central Bank of Nigeria has approved the appointment of 11 pre-shipment monitoring and evaluation agents for oil and gas exports in…
Interest rates may stay high, says Cardoso
The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has said that the members of the Monetary Policy Committee would…
Banks halt collection of processing deposit fees
Some of the major banks have stopped the collection of processing fees on deposits in line with the Central Bank of Nigeria’s…
FG releases list of licensed Deposit Money Banks
The Central Bank of Nigeria has unveiled a comprehensive roster of licensed Deposit Money Banks currently operating within the country, shedding light…
CBN suspends cash deposits charges till September 30
Banks have been instructed by the Central Bank of Nigeria to stop charging for cash deposits until September 30th, 2024. This was…
CBN clears air on education, petroleum tax for cash pooling settlement
The Central Bank of Nigeria has revised its directive on the repatriation of export proceeds by international oil companies. This was disclosed…
CBN impose 0.5% Cybersecurity Levy on electronic transfers
The Central Bank of Nigeria has directed the banks in the country to start charging a 0.5 per cent cybersecurity levy on…
CBN gov blames huge palliatives purchase for food price hike
The Governor of Central Bank of Nigeria, Olayemi Cardoso has said that government purchases of palliatives are a contributing factor to rising…
$2.4bn of total forex claims false, says CBN
The Deputy Governor of Corporate Services at the Central Bank of Nigeria, Mohammed Bello, has disclosed that about $2.4 billion out of…