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MPC maintains interest rate at 14%, CRR at 22.5%

The Monetary Policy Committee (CBN) of the Central Bank of Nigeria (CBN) has maintained maintain status quo for the tenth consecutive session.At the end...

Court Fixes Tomorrow to Rule on N122bn Judgment Debt against Shell,...

Justice Ibrahim Buba of the Federal High Court in Lagos has fixed tomorrow to rule on the garnishee proceedings filed by some Ogoni chiefs...

Banks borrow N5.2trn from CBN in 20 weeks

By Kayode TokedeBanks borrowing from Central Bank of Nigeria (CBN) with the use of Standing Lending Facility (SLF) window hits N5.2 trillion in 20...

Again, CBN Urges Nigerians to Treat Naira with Respect

The Central Bank of Nigeria (CBN) has again admonished Nigerians to treat the naira with utmost respect, noting that the national currency symbolises ‘our...

DBN Gets CBN’s Approval, Partners W’Bank on Credit Guarantees

The Central Bank of Nigeria (CBN) has extended its regulatory approval to the Development Bank of Nigeria (DBN) to enable the development finance institution...

Don’t collect dirty notes from banks, CBN urges customers

The Central Bank of Nigeria (CBN), yesterday blamed commercial banks in the country for sabotaging its efforts at replacing mutilated notes with new ones.Mr....

FX market gets fresh $210m CBN intervention

The Central Bank of Nigeria (CBN) on Tuesday boosted the interbank foreign exchange (FX) market with another sum of $210 million.A statement disclosed that...

CBN to cut interest rate before year-end

The Monetary Policy Committee of the Central Bank of Nigeria is expected to cut the Monetary Policy Rate, also known as the benchmark interest...

CBN, NCC sign MoU to enhance payment system

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have signed amemorandum of understanding on ways to enhance the country’s payment...

Fertiliser: Buhari orders ministries, NSA, CBN, NPA on project

President Muhammadu Buhari on Friday ordered Ministries, Departments, Agencies and security agencies to work for the success of his administration’s fertiliser initiative.Buhari gave the...
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