Business

US imposes new tariffs on UK, Canada, others

  • 24th July 2026

US plans new vehicle safety rules for emergency

  • 24th July 2026

US warns Iranian hackers target American water, energy

  • 24th July 2026

US warns EU actions could undermine trade talks

  • 24th July 2026

Contact Info

Some Populer Post

Reddit, major publishers threaten to block Google access over

Tech

IATA appoints Saadia Zahidi as first female DG

Aviation

US imposes new tariffs on UK, Canada, others over

Business

World Bank to phase out lending to China by

featured Finance

Tag: CBN

Osun resubmits state's nomination for bank role, challenges CBN’s rejection
News

CBN pledges to recover N10tn intervention loans

The Central Bank of Nigeria, which continues to stand by its previous position of withdrawing direct development funding, has pledged to retrieve all of the over N10 trillion in intervention loans it has issued to various economic sectors. According to BusinessDay, in addition to delivering the results of the two-day meeting of the Monetary Policy […]

CBN warns public against fake contracts, grants, intervention fund scams
Tech

CBN clears $400m FX backlog

Melvin Onwubuke The Central Bank of Nigeria has announced it has cleared the backlog of verified, genuine, forward requests of $400 million. This was disclosed on Tuesday, by the CBN Governor, Yemi Cardoso during a media briefing after a two-day MPC meeting, where the MPR was raised by 400 basis points to 22.75 per cent […]

CBN gov Cardoso vows crackdown on illicit funds via Binance
Economy

CBN gov Cardoso vows crackdown on illicit funds via Binance

The Governor of the Central Bank, Yemi Cardoso, has restated the government’s determination to monitor and put a stop to the illicit flow of funds impacting the economy through various entities. Addressing the Monetary Policy Committee meeting, Cardoso mentioned that the CBN is collaborating with the National Security Adviser and other security agencies to trace […]

Osun resubmits state's nomination for bank role, challenges CBN’s rejection
Economy

CBN resumes sales of FX to BDC operators

The Central Bank of Nigeria has made a firm decision to close the growing exchange rate difference in an effort to address the enduring inefficiencies in the retail sector of Nigeria’s foreign currency market. According to The Times, the Director of Trade & Exchange Department, Dr. Hassan Mahmud, released a fresh circular on behalf of […]

Osun resubmits state's nomination for bank role, challenges CBN’s rejection
Economy

CBN raises interest rate to 22.75%

The Central Bank of Nigeria on Tuesday, implemented the first increase in its benchmark interest rate, the Monetary Policy Rate, in eight months, setting it at 22.75 percent. Simultaneously, the Cash Reserve Ratio was raised to 45 percent. This move, noted as the highest ever Monetary Policy Committee rate, aims to absorb excess naira liquidity, […]

Osun resubmits state's nomination for bank role, challenges CBN’s rejection
Business

CBN sells over $300m to deposit money banks

By Melvin Onwubuke   The Central Bank of Nigeria in its efforts to stabilize the exchange rate has sold over $300 million to Deposit Money Banks. This was disclosed by the Association of Corporate Treasurers of Nigeria, in an advisory memo, made available to its members, according to The Punch. The memo read in part […]

Osun resubmits state's nomination for bank role, challenges CBN’s rejection
Business

CBN’s monetary policy will increase market dividends – Analyst

By Melvin Onwubuke   The analyst at FBNQuest, asset management division of FBN Holdings, have projected a significant market yield for the whole year, provided the tight monetary policy of the CBN is sustained. According to it’s economic outlook report, FBNQuest highlights that, inspite of the prevailing food crisis, inflation and the foreign exchange crisis, […]

CBN fines banks ₦150m for selling mint Naira notes
Business

CBN to stop BDC’s street trading, limit FX purchase to $500

The Central Bank of Nigeria is contemplating significant regulatory changes for Bureau De Change operators, as outlined in its revised guidelines. The proposed measures include prohibiting BDCs from engaging in street trading, limiting cash payments for FX sales to a maximum of $500, and enhancing transparency by requiring sellers of forex above $10,000 to declare […]

MPC to raise interest rates on Monday despite high inflation - Analysts
News

Analyst projects rate hike as MPC meeting holds Monday

By Melvin Onwubuke The Central Bank of Nigeria will on Monday and Tuesday hold the Monetary Council Policy meeting under Yemi Cardoso, with many analyst projecting an increase in the monetary policy rate. According BusinessDay, the CBN has made use of the Open Market Operations to control its monetary policy, in its bid to tackle […]

Senate approves Yuguda, Cardoso, others as MPC members
Appointments

Senate approves Yuguda, Cardoso, others as MPC members

The appointment of twelve individuals to the Central Bank of Nigeria’s Monetary Policy Committee has been approved by the Senate. According to Channels TV, this confirmation follows the discussion of a report by the CBN’s Committee on Banking, Insurance, and Other Financial Institutions Committee in plenary on Thursday. Days before the top bank’s first policy […]

Banks increase lending rates after CBN’s MPR hike
Economy

Naira decline continues in parallel market, N1,700/$1

By Melvin Onwubuke   Nigeria Naira strengthened against the dollar in the official market, as there was a significant rise of 76.61% to $117.32 million in the foreign exchange turnover on Tuesday, February 2024. According to nairametrics however, inspite of this improvement, the Naira experienced a decline in the parallel market, slipping to N1,700/$1 which […]

Senate approves Yuguda, Cardoso, others as MPC members
News

Senate to probe Buhari regime, Emefiele over N30trn loan

By Melvin Onwubuke   The senate has launched an inquiry to how N30 trillion ways and means loans was obtained and utilized by the administration of former president, Mohammadu Buhari on Tuesday 20, 2024. According to The Punch, ways and means is a loan facility through which the CBN finances the government’s budget shortfalls. The […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in