…As experts call for moderation in policy decisions By Sodiq Adelakun The Central Bank of Nigeria (CBN) is set to hold its first Monetary Policy Committee (MPC) July meeting under the administration of President Bola Ahmed Tinubu on Monday and…
Vice President Kashim Shettima is currently presiding over the National Economic Council (NEC) meeting at the Presidential Villa, Abuja, where the trending issues in the Nigerian economy will be deliberated upon. The meeting, which kicked off few minutes ago inside…
The Lagos Chamber of Commerce and Industry (LCCI) have urged the Central Bank of Nigeria (CBN) to remove the foreign exchange restrictions for importing 43 products in their list. This was revealed at the chamber’s quarterly State of the Economy…
By Sodiq Adelakun The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 2,698 Bureau de Change (BDC) dealers. This is as the apex bank released a list of dealers it approved. According to the fresh list published…
The Central Bank of Nigeria (CBN) has increased the tenure of the Managing Directors/Chief Executives of banks to a maximum of 12 years from 10 years. CBN, in a circular on the new, “Corporate Governance Guidelines for Commercial, Merchant, Non-interest…
An economist, Prof. Uche Uwaleke, has urged the Central Bank of Nigeria (CBN) to look into the new service charges on Point of Sale (PoS) trasactions by the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN). Uwaleke, Professor…
The Central Bank of Nigeria (CBN) has disclosed that it recovered N471.82billion as cumulative repayment from the bank’s intervention programmes in the first half of 2022. According to the apex bank’s half-year report for 2022, the recovery rate rose by…
The Central Bank of Nigeria (CBN) has upgraded the eNaira by introducing a chip-enabled Near Field Communication (NFC) device into the eNaira. The NFC feature will enhance the use of the eNaira by Nigerians without smart phones or internet access.…
The Central Bank of Nigeria (CBN) has said it would sanction and blacklist bank directors with loans that remain non-performing for more than one year. Recall that the multiple exchange rate regime In a circular it released last month, it…
By Sodiq Adelakun The Central Bank of Nigeria has threatened to close bank accounts as the total number of issued Bank Verification Numbers (BVNs) reached 57.96 million as of July 3, 2023, based on data obtained from the Nigeria Inter-Bank…
