Expert urges CBN to regulate DMB’s exploitative charges
By Wilson Adekumola A financial expert, Okechuwu Unegbu has criticized the multiplicity of service charges by Deposit Money Banks, urging the Central…
CBN
How external reserves fell by $3bn in six months – CBN
Information acquired from the Central Bank of Nigeria has revealed that Nigeria’s external reserves declined by $2.85 billion in the first half of…
CBN’s demand for customers’ social media handles unlawful – NDPC
The Central Bank of Nigeria’s new instruction to banks to gather the social media handles of their clients as part of expanded…
CBN lifts cash deposit restriction on domiciliary accounts
The restrictions on domiciliary accounts have been abolished by the Central Bank of Nigeria. The Punch reported that the CBN released in a statement…
CBN approves eNaira as payment option for diaspora remittance
The Central Bank of Nigeria announced that it has given recipients of diaspora remittances the opportunity to make payments using its digital…
CBN ends naira for dollar, issues new forex regulations
The Nigerian Central Bank has announced operational adjustments to the foreign exchange market. The Nigerian Foreign Exchange Market will no longer operate…
Shonubi takes over as acting CBN gov
Kazeem Owoseni Following the suspension of the embattled Governor of the Central Bank of Nigeria, Godwin Emefiele, by the President,…
Wema Bank raises N21bn capital, reaffirms commitment to rights issue
Wema Bank Plc has reaffirmed to shareholders that it will carry out the anticipated rights issue before the end of this year and that…
CBN denies naira devaluation
The Central Bank of Nigeria on Thursday, June 1, has denied devaluing the naira. Recall that, in the early hours of…
Why banks’ borrowings from CBN keep increasing – Report
CBN findings have revealed that banks’ borrowings from the apex bank, which had decreased month over month in February of this year…
Inflation would be worse if not for CBN policy – Emefiele
The governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has said that the country’s inflation would have increased by more…
Nigeria’s GDP drops to 2% – NBS
Nigeria’s overall economic output, known as Gross Domestic Product, grew by 2.31 per cent year-on-year in the first quarter of 2023. However,…