The Central Bank of Nigeria (CBN) says its Monetary Policy Committe (MPC) decision to increase Monetary Policy Rate (MPR) is to control rising inflation. Hassan Mahmoud, CBN’s Director, Monetary Policy Department said this on Wednesday at a post-MPC briefing tagged:…
…Decision poses negative impact on equities — Security experts …Wrongly timed, won’t tame inflation, will rather hurt investors, businesses — CPPE …Rate hike will cut down borrowing, address rising liquidity — Chizea By Seun Ibiyemi and Ariemu Ogaga Again the Central Bank of…
The Central Bank of Nigeria has stated that it will implement aggressive cash reserve requirement “CRR” measures by mopping up liquidity from commercial banks by Thursday latest. He warned banks to fund their accounts immediately. This was revealed by CBN…
The Central Bank of Nigeria (CBN) has informed foreign airlines that the apex bank is not compelled by any law to provide dollars to airlines. Central Bank governor, Mr. Godwin Emefiele, stated this at today’s monetary policy committee meeting. The…
As the Central Bank of Nigeria (CBN) holds its Monetary Policy Committee (MPC) meeting on Monday, some stakeholders project a hike in policy rates. This is against the backdrop of global monetary policy trend, which has seen the American Central…
The introduction of the “Race to $200 billion in FX Repatriation” (RT200 FX) by the Central Bank of Nigeria (CBN) has spurred significant improvement in Nigeria’s export remittances, the apex bank has revealed. The Principal Manager, Trade and Exchange Department,…
By Konyinsola Dawodu The Nigeria Customs Service (NCS) has informed the public that it does not determine exchange rate. Public Relations Officer, Deputy Comptroller Timi Bomodi made the clarification in a statement on Wednesday. The spokesman referred to reports which…
The Central Bank of Nigeria (CBN’s) strategy of an efficient payment system through the introduction and implementation of the e-Naira is a laudable effort that is contributing to the success of our digital economy. According to the Buhari Media Organisation…
The Crude Oil Refiners Association of Nigeria (CORAN), the umbrella body of indigenous crude oil refiners, has appealed to the Central Bank of Nigeria(CBN) to create a crude refinery intervention fund for its members. Its Secretary, Mr Olusegun Ilori, made…
Flutterwave, Africa’s leading payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN). The licence, which is widely regarded as CBN’s most valuable payments processing licence allows Flutterwave to offer transaction switching…
