Central Bank of Nigeria’s Monetary Policy Committee on Tuesday voted to increase the benchmark interest rate by 50 basis points to 18. percent. CBN Governor, Godwin Emefiele, who made the…
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Tag: #CBN
Despite ‘sufferings’, Nigerians support CBN’s cashless policy – Presidency
Our reporter| Nigerians may bear the brunt of the sufferings occasioned by the naira redesign policy of the Central Bank of Nigeria (CBN) but they have embraced it, the Presidency…
Read More Despite ‘sufferings’, Nigerians support CBN’s cashless policy – Presidency
CBN denies news of ‘fresh plot’ against Tinubu, says report ‘fake and malicious’
Our reporter| The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, on Monday, denied reports that he was plotting against the President-Elect, Bola Tinubu. In the build-up to the February…
Read More CBN denies news of ‘fresh plot’ against Tinubu, says report ‘fake and malicious’
Naira redesign: CBN says old, new notes are now legal tender
Our reporter| Both old and new notes are now legal tender, the Central Bank of Nigeria on Tuesday said on Tuesday. The Acting Director of Corporate Communications CBN, Dr. Isa…
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New CBN rule unseats some bank chiefs
The Central Bank of Nigeria (CBN) has issued a new rule shaking up the banking industry, with many of the chairmen affected. According to the new rule, bank executive directors…
Read More New CBN rule unseats some bank chiefs