Banks provide $533.48m for foreign education
The Central Bank of Nigeria has received $533.48 million from banks to be used towards international education. The Punch reported that the sum…
CBN
CBN unveils plan to revamp eNaira
The Central Bank of Nigeria is taking steps to revitalize its digital currency, the eNaira, in a bid to boost adoption and…
CBN lifts ban on Bamboo, Nairabet, AbokiFX, others
The Central Bank of Nigeria has instructed banks to remove the post-no-debit restriction on the bank accounts of 440 individuals and companies,…
Gradual removal of old naira notes continues – CBN
The Central Bank of Nigeria has reiterated its dedication to gradually discontinuing the old N200, N500, and N1,000 notes…
CBN increases interest rate to 18.75%
The Central Bank of Nigeria’s Monetary Policy Committee has voted to raise the benchmark interest rate by 25 basis points…
Why SERAP sued CBN over KYC social media policy
The Central Bank of Nigeria is being sued by the Socio-Economic Rights and Accountability Project over its proposed Know-Your-Customer social media policy. SERAP’s…
PHOTOS: CBN, Egypt sign FinTech agreements
The Central Bank of Nigeria, on Tuesday, signed FinTech collaboration agreements with the Central Bank of Egypt to improve regional technology investments.…
CBN’s funding of FG deficits will hike inflation – IMF
The Central Bank of Nigeria has been encouraged by the International Monetary Fund to take steps to suspend or limit its funding…
CBN orders banks to pay diaspora remittances in naira
The Central Bank of Nigeria has issued a directive to International Money Transfer Operators to pay dollars received through Diaspora remittances to…
CBN warns banks over Russia, Iran, Cameroon transactions
By Wilson Adekumola The Central Bank of Nigeria has admonished Deposit Money Banks and Other Financial Institutions in the…
Bank borrowing from the CBN hits N10.35tn
Banks in Nigeria appear to be increasingly reliant on the Central Bank of Nigeria, for liquidity as borrowings from the apex bank hits N10.35…
CBN urges FUTA to adopt eNaira for transactions
By Wilson Adekumola The Central Bank of Nigeria has called on the management and students of the Federal University of…