‘Influx drive’ CBN to pay N5 bonus for every $1 of diaspora remittances
The Central Bank of Nigeria (CBN) has introduced a “Naira 4 Dollar Scheme” — an incentive for senders and recipients ...
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Tag: CBN
‘Bridging the gap’ CBN orders banks to accept travel documents, refugee ID for transactions
The Central Bank of Nigeria (CBN) has ordered commercial banks and other financial institutions to accept Machine Readable Travel Documents ...
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‘Expert knowledge’ When will CBN deal with Shekau, Katsina abductors like #EndSARS? Aisha Yesufu quizzes
Human rights activist and a co-convener of the BringBackOurGirls movement, Aisha Yesufu, has taunted the Governor of the Central Bank ...
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‘With immediate effect!’ Forex recipients to determine mode of payment, CBN directs banks
The Central Bank of Nigeria (CBN) has directed banks in the country to close all naira ledger accounts opened specifically ...
Read moreDetails‘Excess liquidity’ CBN introduces special bills to mop up idle cash in economy
The Central Bank of Nigeria (CBN) has introduced a special bill to mop up excess liquidity (idle cash) in the ...
Read moreDetails‘Unification agenda’ CBN devalues naira by N6 in move to fixing values
The Central Bank of Nigeria (CBN) on Friday devalued the naira by N6 to dollar. The naira devaluation has brought ...
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‘#ENDSARS’ CBN obtains court order to freeze accounts of #EndSARS campaigners
The Federal High Court in Abuja has granted the request of the Central Bank of Nigeria (CBN) to freeze the accounts ...
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Nigeria spent $770m on oil imports in first half of 2020, CBN claims
The CBN’s data on sectoral utilisation for transactions valid for foreign exchange shows that $148.3 million was spent on oil ...
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‘Great news!’ CBN reduces interest rate on bank deposit for customers
THE Central Bank of Nigeria (CBN) has directed all deposit money banks across the country to review interest payable on ...
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‘Can we?’ CBN requests to freeze criminal accounts
The Central Bank of Nigeria (CBN) has approached the Senate to grant it powers to freeze accounts linked to criminals. ...
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