The Central Bank of Nigeria (CBN), has raised the Monetary Policy Rate (MPR), it’s benchmark interest rate to 24.75% representing 200 basis points increase from 22.75% in February. The CBN however retained the Cash Reserve Ratio (CRR) of commercial banks…
Moghalu’s proposal on Nigeria’s economic revival — Ehi Braimah
At the LEADERSHIP Conference and Awards 2023 which held recently in Abuja, Professor Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), delivered an adrenalin-pumping keynote, which ruffled not a few feathers, even as the appreciative…
Emefiele defended naira well, Akpabio only currying Tinubu’s favour to avoid EFCC — Ohanaeze Youth
The Ohanaeze Youth Organisation has said that the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, defended the Naira very while at the helm of affairs of the apex bank. Consequently, the organisation said the allegations by…
ACF rejects relocation of CBN units, FAAN headquarters to Lagos
Northern mouthpiece Arewa Consultative Forum (ACF) has rejected the planned relocation of key departments of the Central Bank of Nigeria and the Federal Airports Authority of Nigeria to Lagos by the Tinubu administration. According to ACF, the relocations of the…
Alleged N6.9b Fraud: Emefiele’s arraignment stalls
The planned arraignment of the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, was on Thursday stalled at the Federal Capital Territory High Court, Abuja. Though Emefiele was in Court, the second defendant, Saadat Yaro was absent…
Why opening an eNaira account is a game-changing opportunity — Mujib Ishola
The global payments landscape has evolved dramatically over the years, with digital payments now making the exchange of value easier, faster, and more reliable. Today, Central Bank Digital Currencies (CBDC) represents the latest evolution of digital payments. Generally, there are…
Banks now selling dollar at N750 in Nigeria
Barely five days after the suspension of Godwin Emefiele as Central Bank of Nigeria (CBN) governor, reports indicate that the Apex bank has given commercial banks and dealers in the forex market the green light to sell forex freely, at…
BVN remains for life- CBN
The Central Bank of Nigeria (CBN) says the Bank Verification Number (BVN) issued in Nigeria remains for life and has no expiry date, as reported by a national newspaper. Its Acting-Director, Corporate Communications, Alhaji Isa Abdulmumin, said this in a…
Lagos residents share ordeal after accepting old notes from banks
Some Lagos residents have expressed regrets for collecting the old N500 and N1,000 notes from commercial banks, after the Supreme Court judgement validating it as legal tender till December 31. They told the News Agency of Nigeria (NAN) in separate…