CBN raises interest rate to 18.5%
The Central Bank of Nigeria has announced its increase of the Monetary Policy Rate from 18% to 18.5%. Channels TV reported the…
CBN
Full list of microfinance banks delicensed by CBN
Kazeem Owoseni The Central Bank of Nigeria has revoked the operating licences of 132 microfinance banks, three finance companies, and four primary…
Emefiele urges risk management institutes to equip professionals
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has called on the Chartered Risk Management Institute of Nigeria to develop…
Why BVN has no expiry date — CBN
By Wilson Adekumola The Central Bank of Nigeria, has reacted to reports suggesting that the Bank Verification Number expires after 10…
CBN to sanction shipping companies over undocumented cargoes
By Wilson Adekumola The Central Bank of Nigeria has vowed to sanction shipping companies exporting undocumented cargoes from the country. …
Experts warn FG against further violation of debt limit
The Nigerian government has been cautioned by a professor of capital markets, Uche Uwaleke, against continuing to exceed the permissible cap on how much money…
IMF director warns against retail e-currencies
The Managing Director of the International Monetary Fund, Kristalina Georgieva, has expressed her concerns about the potential risks associated with retail central…
CBN places 572 bank customers on watchlist
By Christian George The Central Bank of Nigeria has placed an e-payment ban on the Biometric Verification Number of not fewer than…
CBN denies phasing out redesigned naira notes
By Wilson Adekumola The Central Bank of Nigeria has dispelled the reports going viral including social media platforms that it planned…
Ex-NNPC GMD sues EFCC, others over withheld $9.8m
A former Group Managing Director of the Nigerian National Petroleum Corporation, Andrew Yakubu, has sued the Economic and Financial Crimes Commission, the…
Buhari urges Senate to reappoint Abubakar as CBN director
The President, Major General Muhamadu Buhari (retd.), has asked the Senate to confirm the re-appointment of Abdu Abubakar as a Non-Executive Director…
Naira crisis: Emefiele’s crime more than electoral fraud, says Soyinka
Nobel laureate, Prof Wole Soyinka, has knocked the Central Bank Governor, Godwin Emefiele, over the hardship that the new naira redesign policy…