latest CBN News

Why CBN Retained Bencmark Interest Rate At 27.5%

News

Diaspora Group Protests Against Alleged Marginalisation Of South-East In CBN Directorship Appointment

The umbrella body of South-East Socio-cultural Associations in the diaspora has decried the alleged marginalisation of the South-East region in the appointment of directors at the Central Bank of Nigeria (CBN). The

Victor Ezeja

April 7, 2025

Business

NO Cash In ATMs: CBN Slams N1.35bn On 9 Banks

The Central Bank of Nigeria (CBN), has imposed fines totalling on N1.350 billion on nine Deposit Money Banks (DMBs) over failure to dispense cash through their Automated Teller Machines (ATMs) during the

Victor Ezeja

January 14, 2025

Business

CBN Imposes N1.2m Daily Cash Transaction Limit On PoS Agents

In its quest to deepen implementation of cashless policy, the Central Bank of Nigeria (CBN) has set a daily transaction limit of N1.2 million for Point of Sales (PoS) agents across the

Victor Ezeja

December 18, 2024

Business·Currency·News

Cash Scarcity: Old ₦1000, ₦500, ₦200 Notes Still Valid – CBN

The Central Bank of Nigeria (CBN) has reassured that the old ₦1,000, ₦500 and ₦200 naira banknotes currently in circulation are still valid as legal tender across the country. The CBN in

Victor Ezeja

December 14, 2024

Business·News

Reps Move To Probe CBN’s Planned Retirement Of 1000 Workers, N50bn Pay off

Nigeria’s House of Representatives has decided to probe planned retirement of not less than 1000 staff members by the Central Bank of Nigeria (CBN) before the end of the year. The Green

Victor Ezeja

December 4, 2024

71.4% Of Nigerians Call For Interest Rate Reduction – CBN Survey

Finance & Economy

CBN Increases Interest Rate For Deposits By Commercial Banks To 26.5% From 19%

The Central Bank of Nigeria (CBN) has raised the interest rate on the Standing Deposit Facility (SDF) from 19% to 26.5%. This was announced in a circular released on Friday, 29th November

Victor Ezeja

November 30, 2024

Business

Cash Scarcity: CBN, Banks, PoS Operators Trade Blame

The Central Bank of Nigeria (CBN), bank managers, and point of sale (POS) operators have continued to banter blame as the cash crunch continues to grow. With what happened in Nigeria during

MARCEL MBAMALU

November 27, 2024

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

Business·Finance & Economy

Inflation: CBN Raises Interest Rate To 27.5%

In response to the resurgence of inflationary pressure on Nigeria’s economy, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), has again raised the Monetary Policy Rate (MPR), also known as

Victor Ezeja

November 27, 2024

How Nigeria's FX Reserves Dropped By $1.3bn– Report

Business·News

Depositors’ Funds Safe, CBN Assures

The Central Bank of Nigeria (CBN) has reassured that it is fully committed to ensuring the stability and reliability of the Nigerian financial system. The CBN in a statement released Tuesday, 8th

Victor Ezeja

October 8, 2024

Weak Naira: CBN Sells $543.5m To Boost FX Market

Business·News

Again, CBN Sells $20,000 To BDC As Naira Weakens To N1700/$

The Central Bank of Nigeria (CBN) has announced a fresh sale of US$20,000.00 to each eligible Bureau de Change (BDC) operator at N1,590 per dollar. This was announced in a circular released

Victor Ezeja

September 26, 2024

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Diaspora Group Protests Against Alleged Marginalisation Of South-East In CBN Directorship Appointment

NO Cash In ATMs: CBN Slams N1.35bn On 9 Banks

CBN Imposes N1.2m Daily Cash Transaction Limit On PoS Agents

Cash Scarcity: Old ₦1000, ₦500, ₦200 Notes Still Valid – CBN

Reps Move To Probe CBN’s Planned Retirement Of 1000 Workers, N50bn Pay off

CBN Increases Interest Rate For Deposits By Commercial Banks To 26.5% From 19%

Cash Scarcity: CBN, Banks, PoS Operators Trade Blame

Inflation: CBN Raises Interest Rate To 27.5%

Depositors’ Funds Safe, CBN Assures

Again, CBN Sells $20,000 To BDC As Naira Weakens To N1700/$

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