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…
Tag: CBN
Good News: CBN Cuts Bank Charges, Removes ATM Maintenance Fee, Others
The Central Bank of Nigeria has reviewed charges and rates for banking activities in the country. This was disclosed in the CBN new ‘Guide to Charges by Banks Other Financial and Non-Financial,’…
CBN Retains Monetary Policy, See New Interest Rate
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) led by Godwin Emefiele, has voted to retain the monetary policy rate (MPR), which measures interest rate, at 11.5 percent….
2022: CBN may increase interest rate – Report
A new report has said likely stronger dollar demand will convince the Central Bank of Nigeria of the need to tighten monetary conditions as with the trend across global central banks to…
CBN: FG spent $1.68bn on food imports in nine months
The Federal Government spent $1.68bn on food importation from January to September last year. The Central Bank of Nigeria disclosed this in a report on sectoral utilisation of foreign exchange…
What To Do If There’s Unauthorized Debits As Bank Customers – CBN Writes Nigerians
Osita Nwanisobi, CBN spokesperson, said bank customers with unresolved complaints should contact the apex bank. Nwanisobi said the CBN would ensure that bank customers get a redress on issues of excess charges…
EFCC: ‘Hidden’ N19.3bn Kogi Salary Bailout Fund Returned To CBN
EFCC Press Release Hidden N19.3bn Kogi Salary Bail-Out Funds Returned to CBN The Central Bank of Nigeria, CBN, has acknowledged the receipt of the sum of N19, 333,333,333.36 (Nineteen Billion, Three Hundred…
APGA Chairman: Soludo will repeat CBN-like miracle as Anambra gov
The National Chairman of the All Progressives Grand Alliance, Victor Oye, says the winner of the November 6 Governorship Election in Anambra State, Chukwuma Soludo, will replicate his successes at the Central…
EXPLAINER: How To Apply For CBN 500m Student, Graduate Grant
The CBN, as part of its policy measures to address rising youth unemployment and underemployment, introduces the Tertiary Institutions Entrepreneurship Scheme (TIES) to create a paradigm shift among undergraduates and graduates of…
CBN: We Spent N58.6bn To Print N1.06trn In 2020
The Central Bank of Nigeria (CBN) has stated that it spent N58.618 billion to print 2.518 billion of naira notes, valued at N1.06 trillion in 2020. This was disclosed…