The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said that the Monetary Policy Committee will chart a new course for an improved monetary policy and Central Bank of Nigeria (CBN) that will provide direction for monetary policy…
Nigeria’s manufacturing sector contracted for the second time in April, according to figures obtained from the Central Bank of Nigeria (CBN). Reports released by the CBN said, the Deputy Governor, Financial Systems Stability Directorate, CBN, Aishah Ahmad, stated that, “Continued…
…Situation reflects acute forex liquidity crisis in Nigerian economy — Muda Yusuf …CBN should open an aviation forex domiciliary account for foreign airlines By Seun Ibiyemi and Ogaga Arieimu Stakeholders in the Aviation sector have reacted to the restrictions placed…
The Central Bank of Nigeria (CBN) has issued an exposure draft for the digital financial services awareness guidelines to address gaps in consumer knowledge and practices with Digital Financial Services (DFS). This was disclosed by the CBN in a circular…
The Central Bank of Nigeria (CBN) has advised banks and other financial institutions to embrace opportunities represented in open banking to drive financial inclusion in the country. Mrs Aishah Ahmad, the Deputy Governor, Financial Systems Stability Directorate, CBN, gave the…
The Central Bank of Nigeria (CBN), has released a new framework to check cybersecurity in Other Financial Institutions (OFIs). This is contained in a statement issued by the Director, OFIs, CBN, Nkiru Asiegbu. Asiegbu said that the framework was informed…
The Central Bank of Nigeria (CBN) has issued guidelines for improved cyber security in the Nigerian financial sector, especially among the Other Financial Institutions (OFIs), setting January 1, 2023, as the deadline for compliance by all impacted institutions. This was…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) in collaboration with the Bankers Committee, on Saturday sensitised traders and consumers at Tejuosho Market on how to conduct eNaira transactions. Traders in wears, shoes, kitchen items, among other commodities, were…
By Seun Ibiyemi In a bid to recover from shortage of dollar in the country, the federal government through the Centra Bank of Nigeria placed restriction on an estimated $450 million in revenues belonging to foreign airlines according to data…
The World Bank has stated that Nigeria’s external reserves are expected to decline as the Central Bank of Nigeria (CBN) is expected to clear $1.7 billion worth of FX backlog and FX forward contracts to foreigners by the end-October 2022.…
