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Financial inclusion: CBN launches  rules for e-payment channels users

In a bid to encourage more people to use e-payment channels, especially Point of Sale (PoS) machines, the Central Bank of Nigeria (CBN) has...

Access Bank obtains CBN’s approval to commence operations in Cameroon

By Kayode TokedeAccess Bank plc has announced the Central Bank of Nigeria ‘No objection” to commence operation in Republic of Cameroon.The company secretary, Access...

CBN extends first MPC meeting in 2020

By Kayode TokedeThe Central Bank of Nigeria (CBN) has changed its first Monetary Policy Committee (MPC) meeting of the year, earlier scheduled to hold...

CBN extends first MPC meeting in 2020

By Kayode TokedeThe Central Bank of Nigeria (CBN) has changed its first Monetary Policy Committee (MPC) meeting of the year, earlier scheduled to hold...

Banks deposit with CBN tumbles by 66.5% to N11.66trn in 2019

By Kayode tokedeBanks deposit with Central Bank of Nigeria (CBN) dropped by 66.5 per cent to N11.66 trillion in 2019 as against N34.77 trillion...

Total direct remittances hit $17.5bn in 11months – CBN

By Kayode TokedeCentral Bank of Nigeria (CBN) has revealed that Nigeria received $17.57 billion in total direct diaspora remittances between January and November 2019.The...

CBN makes first forex intervention in 2020 with $253m

The Central Bank of Nigeria (CBN), at the weekend, made its first foreign exchange (forex) intervention for the year, with $253.38 million, under the...

CBN retains LDR at 65%, warns against violation

The Central Bank of Nigeria has retained the Loan to Deposit Ratio for the banking sector at 65 per cent.The apex bank said this...

CBN retains loan deposit ratio at 65% minimum

By Kayode TokedeThe Central Bank of Nigeria (CBN) says it has retained the minimum 65 per cent of Loan Deposit Ratio in the interim.The...

Currency in circulation hits N2.2trn in Nov — CBN

By Kayode TokedeThe Central Bank of Nigeria (CBN) has said currency in circulation increased by 7.1per cent to N2.2 trillion in November from N2.06...
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