Tag: CBN

CBN Hikes Interest Rate To 18%

Posted on March 21, 2023

VOICE AIR MEDIA News Update THE Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to increase the benchmark interest rate by 50 basis points, bringing it to…

Finally, CBN authorizes use of old notes

Posted on March 13, 2023

The Central Bank of Nigeria (CBN) has finally directed commercial banks to dispense old currency notes and to also receive same as deposits from customers, according to Governor Chukwuma Charles Soludo of…

CBN: We Didn’t Direct Banks To Disburse Old Notes

Posted on March 8, 2023

VOICE AIR MEDIA News Update THE Central Bank of Nigeria (CBN) has said that it never issued a fresh directive to commercial banks to obey last Friday’s judgement of the Supreme Court…

Old naira notes: ‘It’s been approved by CBN’

Posted on March 7, 2023

•banks begin dispensing old N500, N1000 Some commercial banks in Lagos have started issuing the old naira notes to customers at their various automated teller machines (ATMs) terminals and over the counter….

Breaking: CBN releases N114bn under 100-for-100 policy

Posted on March 6, 2023

The Central Bank of Nigeria has disbursed N114.17bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention.       This was disclosed in a…

CBN: Banks’ assets rise to N73tn

Posted on March 2, 2023

Total assets of the banking industry grew by N14.36tn or 24.24 per cent from N59.24tn at the end of December 2021 to N73.59tn in the corresponding period of 2022.      …

INEC bags cash for 2023 Elections

Posted on February 22, 2023

THE Independent National Electoral Commission (INEC) has received cash from the Central Bank of Nigeria (CBN) for election logistics. Daily Trust reported that this was confirmed by an INEC national commissioner on…