Home / Tag Archives: CBN (page 3)

Tag Archives: CBN

September, 2019

  • 21 September

    CBN Insists On Cashless Policy, Says No Going Back

    The Central Bank of Nigeria (CBN), has said it will maintained all its key monetary rates, which determine interest rate regime in the country.  The apex bank retained the Monetary Policy Rate (MPR) at 13.5 per cent, as well as all other parameters around the rate. The decision was part …

  • 19 September

    House Of Reps Ask CBN To Suspend Cashless Policy

    Reps Urge Buhari To Reverse Order Revoking Licensed Guns

    The House of Representatives has asked the Central Bank of Nigeria (CBN) to suspend the cashless policy it recently re-introduced. The decision to ask the CBN to halt the idea was taken at the plenary session on Thursday by the lower legislative chamber. Read Also: Nigeria Seeks $2.5bn Loan From World …

  • 18 September

    CBN Increases Charges On Withdrawals, Deposits

    The Central Bank of Nigeria has announced the commencement of charges on deposits in addition to already existing charges on withdrawals. This was announced in a circular to all deposit money banks on Tuesday. According to the circular, the charges, which take effect from today, will attract three percent processing …

  • 10 September

    Emefiele, NDDC Board Summoned Over Abandoned Projects

    Reps Urge Buhari To Reverse Order Revoking Licensed Guns

    Godwin Emefiele, governor of the Central Bank of Nigeria and Nelson Braimbraifa, acting managing director of the Niger Delta Development Commission (NDDC), have been summoned by the House of Representatives.  The House or Representatives also summoned directors of the NDDC.  The House Committee on NDDC, which is probing the Federal …

  • 3 September

    Nigeria’s GDP Grows By 1.94% In Second Quarter Of 2019 – NBS

    The National Bureau of Statistics (NBS) has revealed that the country’s Gross Domestic Product (GDP) grows by 1.94 per cent (year-on-year) in real terms in the second quarter of 2019. The NBS stated this in its “Nigeria GDP Report for Second Quarter 2019” released on Tuesday in Abuja. It said …

August, 2019

  • 31 August

    Customers May Return Mutilated Notes To Banks Beyond Sept.2 – CBN

    mutilated naira notes

    The Central Bank of Nigeria (CBN) on Saturday said that the general public would continue to return mutilated bank notes to their banks after the Sept. 2 deadline. Isaac Okoroafor, the Director, CBN Corporate Communications,said this in a telephone interview with NAN. Read Also: El-Rufai Is Nobody In Kaduna Politics, Says …

  • 16 August

    Reps Summon NNPC, DSS, Customs, CBN Chiefs

    The House of Representatives on Thursday summoned the Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Mele Kolo Kyari,  Director-General, Department of the State Security Service (DSS),Yusuf Bichi, the Governor of the  Central Bank of Nigeria,  Godwin Emefiele and the Comptroller-General, Nigeria Customs Service (NCS), Col Ali Hameed (rtd). According …

July, 2019

  • 23 July

    CBN Licenses Three New Banks

    The Central Bank of Nigeria (CBN) has issued licences to three new banks. The apex bank also issued notices to a non-interest bank, increasing the number of two. The new deposit money banks are Titan Trust Bank Limited and Globus Bank Limited.  TAJ Bank Limited also joins Jaiz Bank as …

  • 23 July

    CBN Leaves Monetary Policy Rate At 13.5 Percent

    The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 13.5 per cent. The CBN Governor, Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja.  He explained …

  • 20 July

    We’ll Partner Churches, Mosques For Financial Literacy – CBN

    The Central Bank of Nigeria (CBN), has said plans are on ground to partner with churches and mosques to improve the financial knowledge of Nigerians. Kofo Salam-Alada, the bank’s director, consumer protection department, said the apex bank has organised outreach programmes with faith-based organisations. Financial Literacy otherwise called financial education …

WhatsApp Newsbreak