News Update THE Central Bank of Nigeria (CBN) has reassured the public that there is no set deadline for the use of old Naira notes. The assurance was contained in a statement issued by...
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3 Minutes
List: CBN Sanctions 10 Nigerian Banks, Here’s Why
News Update Regulatory agencies responsible for overseeing the activities of Deposit Money Banks in Nigeria have sanctioned 10 banks for violations of foreign exchange guidelines and other regulatory offences. These agencies, including the Central...
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0 Minutes
CBN Increases Interest Rate
Voice Air Media, News Update THE monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from 26.75 percent to 27.25 percent....
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2 Minutes
CBN governor, deputies acquire N10bn SUVs, jerk up allowances – Report
Voice Air Media, News Update As the nation groans under hunger, hardship and inflation, the governor of the Central Bank, CBN, Yemi Cardoso, and his four deputies are lavishing in abundance, purchasing ulta-modern armored...
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1 Minute
CBN approves bailout for merger of Two Banks To One – Details
Voice Air Media, News Update THE Central Bank of Nigeria, CBN, has approved a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. Hakama Sidi Ali, CBN’s...
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5 Minutes
CBN: Nigeria Records $24bn FX Inflow Q1 2024
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the country recorded a total foreign exchange inflow of about $24bn in the first quarter of 2024. Cardoso made this...
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8 Minutes
Cardoso: CBN will implement bold reforms that make economy works
Governor, Central Bank of Nigeria, CBN, Mr. Olawale Cardoso said the apex bank will continue to implement bold reforms that makes the economy works for everyone. He spoke at the 2024 Annual Vanguard...
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4 Minutes
CBN: Why we revoked Heritage Bank’s licence
The Central Bank of Nigeria (CBN) yesterday cited failure of the board of directors of Heritage Bank to improve its financial performance as the reason for the revocation of the bank’s operating licence. ...
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3 Minutes
We’re working to identify leakages, tighten surveillance on fintechs— CBN
The Central Bank of Nigeria (CBN) says it is working to identify leakages and tighten surveillance on financial technology (fintechs) companies. Olayemi Cardoso, CBN’s governor, spoke on Tuesday during the press briefing of...
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1 Minute
Again, CBN Raises Interest Rate Amid Soaring Inflation Levels
Voice Air Media, VAM News Update Nigeria’s Central Bank has raised interest rates for the third consecutive time. The monetary policy committee of the Central Bank of Nigeria (CBN) has raised the monetary policy...
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