The Central Bank of Nigeria (CBN) has set criteria to be met by Other Financial Institutions (OFIs) to qualify for enrollment onto the Credit Risk Management System (CRMS). Mr Chibuzo Efobi, Director, Financial Policy and Regulation Department, said this in…
The CBN says online media reports purporting the sacking of the bank’s Governor, Mr Godwin Emefiele, is untrue. Head of Corporate Communications at the CBN, Osita Nwanisiobi, made the rebuttal on Wednesday in Abuja when he spoke with journalists Emefiele…
The Central Banks of Nigeria, CBN has debunked reports that its Governor, Godwin Emefiele was sacked. Several online media platforms particularly blogs had reported that the CBN governor was sacked by President Muhammadu Buhari. While some social media users believe…
…As CBN blames rising inflation, aggregate demand …Firms up 5% subsidy rate on Agric, Health, Power, Manufacturing sectors …New interest rate will address concerns in Agric activities, reform Fx market, inflows — CPPE By Abimbola Abatta The banks in Nigeria will…
…Says Nigeria still in JP Morgan’s bond index By Seun Ibiyemi The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 13 per cent for the first time in over two years. The Governor of CBN, Mr…
The foreign exchange inflows into the country fell by 36.7 per cent in one month to $4.36 billion in January, figures obtained from the Central Bank of Nigeria have shown. The CBN revealed in its report on ‘Foreign exchange flows…
The Central Bank of Nigeria (CBN) has disowned news reports that it intends to replace the naira notes in circulation with its digital currency, the eNaira, in due course. In a chat with journalists in Abuja over the weekend, the…
The Central Bank of Nigeria (CBN) has appealed to farmers who defaulted in paying back the loans obtained under the Anchor Borrowers’ Programme (ABP) to pay back. Mr Sadeeq Ajayi, in CBN Development Finance Office, made the appeal on Wednesday…
The Central Bank of Nigeria (CBN) has said that in the operation of open banking in Nigeria, the ownership and control of data by customers of financial and non-financial services must comply with the customer’s right and authorisations. According to…
By Uthman Salami The Central Bank of Nigeria (CBN) has disclosed that it would go ahead with plans to upgrade Nigeria’s Digital Currency, otherwise known as Central Bank Digital Currency (CBDC) or the eNaira, noting that this would enable the…
