Tag: CBN

Nigeria’s “Era of Renewed Stability” and the Truths the CBN Chooses to Overlook

BY BLAISE UDUNZE At the Annual Bankers’ Dinner, when the Governor of the Central Bank of Nigeria, Yemi Cardoso, recently stated that Nigeria had "turned...

CBN’s 303rd MPC Meeting: A Technocratic Victory, an Economic Setback, and a Missed Opportunity on Nigeria’s Real Crisis

BY BLAISE UDUNZE The Central Bank of Nigeria (CBN) 303rd Monetary Policy Committee (MPC) meeting arrived at a time of unprecedented tension within the Nigerian...

Access Bank makes clarifications on CBN’s directive, promises June 30 exit of forbearance 

By Onyinyechi Favour O Access Bank Plc has responded to the letter of the Central Bank of Nigeria, directing temporary suspension of dividend payment...

CBN orders payment service providers to begin PoS transaction tracking

Gwamcee News The Central Bank of Nigeria has instructed Payment Service Providers to channel all PoS transactions from merchants and agents through a certified...

CBN Approves ProvidusBank, Unity Bank Merger

Gwamcee News The Central Bank of Nigeria (CBN) has approved the proposed merger of Unity Bank Plc and Providus Bank Limited. The apex bank, announced...

CBN directs banks to stop use of foreign currency as collateral for naira loans

Gwamcee News The Central Bank of Nigeria (CBN) has directed all banks to stop the use of foreign currency-denominated collaterals for naira loans. Adetona Adedeji,...

Emefiele in Court Over Fraud Charges

Gwamcee News The immediate-past governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has arrived at the Lagos State High Court in Ikeja for...

CBN increases interest rate to 24.75%

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from 22.75 percent...

CBN Slashes Customs Exchange Rate

Gwamcee News The Central Bank of Nigeria (CBN), has for the second time in seven days slashed the exchange rate for computing Customs duties...

CBN vows to sanction Microfinance banks over late submission of monthly returns

Gwamcee News The Central Bank of Nigeria has vowed to sanction development finance institutions, primary mortgage banks, and microfinance banks regarding the timely submission of...

As Nigerian’s debts rises to 87trn: CBN warns of new risks

Gwamcee News As Nigeria's total public debt rises to N87.38 trillion, the Central Bank of Nigeria (CBN) has issued a warning to Nigeria and...

CBN says Naira is undervalued, targets 21.4 % inflation

Gwamcee News The Central Bank of Nigeria (CBN) on Wednesday said that the naira is currently undervalued, contrary to suggestions that the local currency...

CBN appoints new executive officials for Union, Keystone, Polaris Bank

Gwamcee News The Central Bank of Nigeria has announced a new appointment of executive officers for Union Bank, Keystone Bank, and Polaris banks following the...

CBN sets restrictions on cash withdrawals, cheques for Crypto bank account

Gwamcee News The Central Bank of Nigeria (CBN) has said, there would be no cash withdrawals on accounts that are linked to virtual assets. The...

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