latest CBN News – Page 2 of 3 – Prime Business Africa

CBN Further Raises Benchmark Interest Rate To 27.25%

The Central Bank of Nigeria (CBN) has further increased Monetary Policy Rate (MPR), also known as the benchmark interest rate by 50 basis points to 27.25 per cent. Prime Business Africa reports

Victor Ezeja

4 months ago

Business·Opinion

Cybersecurity Tax: How Multiple Bank Charges Won’t Help Our Tinubu Economy

Everyone appears to know the reason for bank charges. But in recent times, there seems to be no end to the introduction of bank charges, many of them taxing the same thing

MARCEL MBAMALU

4 months ago

Businesses Expect Inflation To Ease In 3 Months, Households Look Ahead To 6 Months — CBN

Opinion

Governor Cardoso’s Year Of Economic Pangs

Today marks one year since Olayemi Cardoso took office as the Governor of the Central Bank of Nigeria (CBN), a tenure that has raised eyebrows and left many questioning the direction of

EMMANUEL ONWUBIKO

4 months ago

Finance & Economy·Latest News

CBN To Hold 297th MPC Meeting Next Week

The Central Bank of Nigeria (CBN) has announced that its 297th Monetary Policy Committee (MPC) meeting will hold on Monday, 23 and Tuesday, 24 September 2024. The MPC meeting will be held

Victor Ezeja

4 months ago

Naira Records First Major Depreciation At Official Market In 2025

Business·Currency·Latest News

CBN Sells $20,000 To BDCs At N1,580 As Naira Depreciation Persists

In its bid to increase liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has offered to sell $20,000 to each eligible Bureau De Change (BDC) operator at a

Victor Ezeja

5 months ago

Breaking: Senate Confirms Cardoso As CBN Governor, 4 Deputies

Business·Latest News

Binance Trial: Court Orders CBN Governor, Others To Appear On Monday, September 2

A Federal High Court sitting in Abuja has ordered the Central Bank of Nigeria (CBN) Governor, Dr Olayemi Cardoso, and Head of Legal Services Department to appear on Monday, 2nd September 2024,

Victor Ezeja

5 months ago

Business

Inflation: How CBN’s New Deposit, Lending Rates Will Affect Liquidity

The Central Bank of Nigeria (CBN) has announced changes in its lending and deposit facilities, in a bid to manage liquidity in the nation’s financial system. The CBN lifted the suspension of

Victor Ezeja

5 months ago

Business·Latest News

Heritage Bank: NDIC Begins Debt Recovery, Repays 86.36% Customers

The Nigeria Deposit Insurance Corporation (NDIC) said it has repaid 86.36 per cent of customers of the defunct Heritage Bank with the use of Bank Verification Number (BVN). The Corporation said the

Victor Ezeja

5 months ago

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

Business·Currency·Latest News

CBN FX Retail Auction: How 26 Banks Got $876.26m At N1,495/$

The Central Bank of Nigeria (CBN) has announced that it sold a total of US$876.26 million to end users using Retail Dutch Auction System (RDAS). It said the transaction was done by

Victor Ezeja

6 months ago

Business·Finance & Economy·Latest News

Unity, Providus Banks Merger Will Avert Systemic Risks, Boost Financial System – CBN

The Central Bank of Nigeria (CBN) has said the proposed merger between Unity Bank and Providus Bank Limited will help avert systemic risks and boost the stability of Nigeria’s financial system. The

Victor Ezeja

6 months ago

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latest CBN News - Page 2

CBN Further Raises Benchmark Interest Rate To 27.25%

Cybersecurity Tax: How Multiple Bank Charges Won’t Help Our Tinubu Economy

Governor Cardoso’s Year Of Economic Pangs

CBN To Hold 297th MPC Meeting Next Week

CBN Sells $20,000 To BDCs At N1,580 As Naira Depreciation Persists

Binance Trial: Court Orders CBN Governor, Others To Appear On Monday, September 2

Inflation: How CBN’s New Deposit, Lending Rates Will Affect Liquidity

Heritage Bank: NDIC Begins Debt Recovery, Repays 86.36% Customers

CBN FX Retail Auction: How 26 Banks Got $876.26m At N1,495/$

Unity, Providus Banks Merger Will Avert Systemic Risks, Boost Financial System – CBN

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