Our reporter/ The Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy Rate (MPR), which measures interest rate, from 18.5 percent to 18.75%. Acting CBN Governor, Folashodun Shonubi,…
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Tag: #CBN
CBN reduces tenure of bank MDs to 12 years maximum
The Central Bank of Nigeria (CBN) has approved a new code of corporate governance which specified that the tenure of a bank’s managing director or chief executive officer (CEO) can…
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Nigerians can now receive diaspora remittances in Naira – CBN
Our reporter| The Central Bank of Nigeria (CBN) has disclosed that the nation’s official currency, the naira can now stand as a payout option for remittances from the diaspora. The…
Read More Nigerians can now receive diaspora remittances in Naira – CBN
CBN, Bill Gates to collaborate on financial inclusion
The Central Bank of Nigeria (CBN) and the Bill and Melinda Gates Foundation (BMGF) have held strategic discussions in Abuja on how to deepen collaboration on financial inclusion in Nigeria.…
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Tinubu: Why I removed Emefiele as CBN governor
Our reporter/ President Bola Tinubu has explained why he ordered the suspension of Godwin Emefiele, the former governor of the country’s apex bank. Tinubu, who spoke at an interactive session…
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