Tag: CBN
Cardoso approves new service charter for the CBN
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has approved the reviewed Service Charter of the Bank.
The Charter is a requirement...
Banks fear rush as CBN bars customers without BVN, NIN from...
The Central Bank of Nigeria on Friday directed commercial banks to bar customers without Bank Verification Numbers and National Identity Numbers from having access...
CBN to increase capital base of commercial banks
The Central Bank of Nigeria said it would soon announce a new capital base for banks in the country as it said Nigerian banks...
Buhari: Why I approved naira redesign policy
Former President Muhammadu Buhari has disclosed the reasons behind his approval of the controversial naira redesign policy.
It would be recalled that the Central Bank...
Again, where are the Naira notes? By Olusegun Adeniyi
At the height of the Naira Redesign policy of the Central Bank of Nigeria (CBN) which eventually unravelled as a ‘Naira Confiscation’ exercise in...
CBN, NBET others owe FG N190bn for electricity supply
Federal Government owned power firm, the Niger Delta Power Holding Company has said that the Central Bank of Nigeria, the Nigerian Bulk Electricity Trading...
Saudi govt to invest in Nigeria’s refineries, support CBN’s FX reforms
Saudi Arabian government has pledged to invest in the revamp of Nigeria’s refineries, as well as provide financial support to sustain the foreign exchangeaudi...
Old, new naira notes remain legal tender – CBN
The Central Bank of Nigeria (CBN) on Wednesday, November 8, 2023 declared that all old and new naira banknotes remain legal tender.
The apex bank,...
Cardoso: CBN, on my watch, will curtail inflation, maintain price stability
Governor of the Central Bank of Nigeria, Olayemi Cardoso, said the CBN, under his leadership, would focus mainly on the core mandate of price...
Naira gains against dollar, exchanges at N950
The naira, on Friday, November 3, 2023, continued its rebound against the dollar as it exchanged at N950 in the parallel market.
This represents a...
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