The Central Bank of Nigeria (CBN) has said that it is anticipating a wave of innovation around artificial intelligence in the banking sector. The Acting Director, Banking Supervision Department, Dr Adetona Adedeji made this known at the 30th Nigerian Economic…
By Esther Agbo To address public concerns over the stability of Nigeria’s banking sector, the Central Bank of Nigeria (CBN) has reassured Nigerians of the safety and security of their deposits. This reassurance comes amidst rising speculation about the health…
By Matthew Denis The Central Bank of Nigeria (CBN) has reiterated its commitment to safeguarding the deposits of all Nigerians, urging the public not to panic as it implements policies designed to secure funds held in financial institutions nationwide. This…
By Esther Agbo Stakeholders in Nigeria’s economic landscape have called on the Central Bank of Nigeria (CBN) to adjust its monetary policies to provide greater support to the real sector, especially manufacturers and farmers, who face crippling challenges under the…
The Central Bank of Nigeria (CBN) says it sold 543.5 million dollars to authorised dealer banks between Sept. 6 and Sept. 30. According to a statement issued by Omolara Duke, the Director, Financial Markets Department of the CBN, the transaction…
The Head Complaint Management Division, Consumer Protection Department of CBN, Mohammed Muazu, urged customers to study the CBN’s guide to bank charges to know how much they should be charged for any transaction. Muazu advised customers to always study their…
The Central Bank of Nigeria (CBN) says it sold 543.5 million dollars to authorised dealer banks between Sept. 6 and Sept. 30. According to a statement issued by Omolara Duke, the Director, Financial Markets Department of the CBN, the transaction…
The Central Bank of Nigeria (CBN), has announced the introduction of an Electronic Foreign Exchange Matching System (EFEMS), for Foreign Exchange (FX) transactions in the Nigerian Foreign Exchange Market (NFEM). According to a statement issued by Omolara Duke, the Director,…
The Central Bank of Nigeria (CBN) should establish clear economic pillars to drive growth, stability, and development. These pillars can serve as a roadmap for Nigeria’s economic progress. Macroeconomic Stability, Financial Inclusion, Agricultural Development, Industrialization, Infrastructure Development, Human Capital Development,…
President Bola Tinubu has hailed what he said is the disciplined approach adopted by the Central Bank of Nigeria (CBN) to monetary policy management which he said is responsible for ensuring stability and predictability in foreign exchange market. This discipline,…
