All posts tagged "CBN"
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NEWS December 2, 2024CBN to Retire 1,000 Employees, Unveils ₦50bn Exit Package
The Central Bank of Nigeria (CBN) is set to retire around 1,000 employees by December 31, 2024, as part of a strategic workforce realignment. Reports indicate...
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NEWS December 1, 2024CBN Warns Financial Institutions Over ATM Cash Scarcity
The Central Bank of Nigeria (CBN) has issued a stern warning to financial institutions, threatening penalties for non-compliance amid growing complaints of cash shortages at Automated...
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NEWS November 30, 2024Ex-Aide Reveals How He Delivered $400,000 to Emefiele in Court Testimony
The Lagos Special Offences Court, John Adetola, a former Executive Assistant to Godwin Emefiele, detailed how he delivered $400,000 to the embattled former Governor of the...
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NEWS November 26, 2024CBN Raises Interest Rate to 27.5% to Tackle Inflation
On November 26, 2024, the Central Bank of Nigeria (CBN) announced a 25 basis point increase in the country’s interest rate, bringing it to 27.5%, up...
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NEWS November 13, 2024Households Predict Rising Costs in the Coming Months, CBN Survey Reveals
Survey by the Central Bank of Nigeria (CBN) has revealed growing concerns among households about the rising cost of living. According to the latest ‘Households Expectation...
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NEWS November 12, 2024CBN’s New Capital Requirement to Drive Financial Inclusion and Economic Growth — Cardoso
The Central Bank of Nigeria’s (CBN) new capital requirements for banks will empower financial institutions to boost financial inclusion and foster economic growth, announced Governor Olayemi...
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POLITICS NEWS November 11, 2024INEC Delivers Election Materials to Akure Ahead of Ondo Governorship Poll
Operatives of the Nigeria Airforce have successfully transported sensitive election materials to Akure, the capital of Ondo State, in preparation for the upcoming Governorship election on...
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NEWS October 7, 2024Banks Thrive with Record Profits Amid Nigeria’s Economic Struggles
Amid economic challenges and widespread hardship in Nigeria, banks in the country are reporting significant earnings and profits. This surge in profits occurs even as bank...
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NEWS September 25, 2024Naira Dips Further to N1,670/$ as CBN and Banks Sell $9.9 Billion in Forex
Foreign exchange turnover in Nigeria’s Autonomous Foreign Exchange Market soared to N15.74 trillion ($9.9 billion) in August 2024, according to a recent report from FMDQ. This...
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NEWS September 24, 2024CPPE Calls on CBN to Suspend Interest Rate Hikes Before MPC Announcement
The Centre for the Promotion of Private Enterprise (CPPE) is urging the Central Bank of Nigeria (CBN) to reconsider any plans for additional interest rate increases...
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NEWS September 23, 2024Exchange Rates, Inflation, and Energy Prices in Focus as Nigeria’s MPC Meets Today
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) is convening today to reassess the country’s economic landscape, concentrating on crucial issues like inflation, the...
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NEWS September 20, 2024Naira Holds Steady in Black Market, Slips in Official Market
The Nigerian naira has shown stability in the parallel market, trading at N1,650/$ for the third consecutive day. However, in the official market, the currency lost...
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NEWS September 18, 2024CBN Restructures Keystone Bank’s Leadership for Enhanced Growth
The Central Bank of Nigeria (CBN) has announced a significant reconstitution of the board of directors for Keystone Bank, a strategic move aimed at driving sustained...
