Our reporter| The Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy Rate (MPR), which measures interest rate from 16.5% to 17.5 percent to tame inflation. The CBN…
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Tag: #CBN
DSS denies invading Emefiele’s office at CBN
Our repoter/ The Department of State Services (DSS) on Monday described reports that its operatives invaded the Central Bank of Nigeria (CBN) to arrest Godwin Emefiele, the CBN governor, as…
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CNB’s withdrawal limits begin as concerns over new Naira notes persist
Our reporter/ The cash withdrawal limits set by the Central Bank of Nigeria (CBN) commenced today, January 9, 2023 amid concerns over the slow spread and quality of three newly…
Read More CNB’s withdrawal limits begin as concerns over new Naira notes persist
Emefiele bows to pressure as CBN raises weekly individual withdrawal limits to N500,000, N5m for firms
The Central Bank of Nigeria (CBN) on Wednesday bowed to pressure from many Nigerians and lawmakers as it announced an upward review of its cash withdrawal limits directive. Individuals can…
Read More Emefiele bows to pressure as CBN raises weekly individual withdrawal limits to N500,000, N5m for firms
Senate asks CBN to adjust withdrawal limits
Our reporter| The Senate on Wednesday asked the Central Bank of Nigeria (CBN) to considerably adjust its recently announced cash withdrawal limits in response to the public outcry against the…
Read More Senate asks CBN to adjust withdrawal limits