CBN Archives - Page 17 of 21 - Voice Air Media

2 Minutes

Business

Just In: CBN grants final PSB approval to MTN

Akanji Philip April 12, 2022 0 Comment

The Central Bank of Nigeria has granted MTN Nigeria Communications Plc final approval to operate its Payment Service Bank. This is coming six months after the apex bank granted approval in principle to...

2 Minutes

National

CBN penalizes 3 banks N800m over crypto transactions

Akanji Philip April 7, 2022 0 Comment

The Central Bank of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country for violating regulations barring customers from transacting in cryptocurrencies. According to a Bloomberg...

2 Minutes

Business Economy

CBN asked to Enforce use of Nigerian coins

VAM News March 23, 2022 0 Comment

The house of representatives has asked the Central Bank of Nigeria (CBN) to enforce the use of coins as a legal tender. The legislators said the use of coins will tackle price inflation and...

1 Minute

National

Minimum transactions: CBN introduces cash collection centres for withdrawals, deposits

VAM News March 16, 2022 0 Comment

The Central Bank of Nigeria (CBN) has introduced cash collection centres called Bank Neutral Cash Hubs (BNCH), to be established by registered processing companies or deposit money banks (DMBs) based on business needs. The...

3 Minutes

National

75,600 N-power Beneficiaries get Loan

VAM News March 15, 2022 0 Comment

The Federal Government in collaboration with the Central Bank of Nigeria (CBN), has concluded plans to give financial empowerment to 75,600 batches A and B beneficiaries of N-Power programme. The Minister of Humanitarian Affairs,...

1 Minute

Agriculture

CBN Has Revamped Agriculture To Cope With Rising Food Prices – Says Emefiele

VAM News March 7, 2022 0 Comment

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that the apex bank has revamped agriculture to cope with the rising food prices and reduce unemployment. This was made known by...

2 Minutes

Business

Here’s how to report your bank when displeased – CBN reveals

Akanji Philip January 31, 2022 0 Comment

Central Bank of Nigeria has released a guide for bank customers and others on how and where they can lodge complaints against financial institutions regulated by it. The financial institutions include commercial...

2 Minutes

Business National

Nigeria: CBN Pushes To Crash Prices Of Building Materials

VAM News January 30, 2022 0 Comment

In an apparent move to ensure affordable housing in Nigeria, the Central Bank of Nigeria (CBN), has pledged to support the manufacturing sector in order to crash the prices of building materials. CBN’s Governor,...

2 Minutes

Business Technology

CBN Minimizes ATM Charges, Inter-bank Transfer Fees

Akanji Philip January 29, 2022 0 Comment

ATM withdrawal charges and inter-bank transfer fees have been reduced by The Central Bank of Nigeria (CBN). This was announced after the Central Bank of Nigeria (CBN) issued a downward review of...

2 Minutes

Business

CBN holds interest rate at 11.5%, other parameters constant — ‘Inflation will drop in 2022’

Akanji Philip January 29, 2022 0 Comment

The monetary policy committee of the Central Bank of Nigeria (CBN) has voted to retain the monetary policy rate (MPR), which measures interest rate, at 11.5 percent. The monetary policy rate (MPR)...