CBN Archives - Page 3 of 21 - Voice Air Media

0 Minutes

Business

CBN Increases Interest Rate

VAM News September 24, 2024 0 Comment

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....

2 Minutes

National

CBN governor, deputies acquire N10bn SUVs, jerk up allowances – Report

VAM News August 30, 2024 0 Comment

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...

1 Minute

Business

CBN approves bailout for merger of Two Banks To One – Details

VAM News August 6, 2024 0 Comment

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...

5 Minutes

Business

CBN: Nigeria Records $24bn FX Inflow Q1 2024

Akanji Philip June 26, 2024 0 Comment

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...

8 Minutes

Business

Cardoso: CBN will implement bold reforms that make economy works

Akanji Philip June 7, 2024 0 Comment

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...

4 Minutes

Extra

CBN: Why we revoked Heritage Bank’s licence

Akanji Philip June 4, 2024 0 Comment

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. ...

3 Minutes

Business

We’re working to identify leakages, tighten surveillance on fintechs— CBN

Akanji Philip May 21, 2024 0 Comment

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...

1 Minute

Business

Again, CBN Raises Interest Rate Amid Soaring Inflation Levels

Bright Olorungbotemi May 21, 2024 0 Comment

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...

5 Minutes

Business Economy

CBN: Food imports hit N3tn over flooding, insecurity

Akanji Philip May 21, 2024 0 Comment

The Central Bank of Nigeria released a total sum of $2.13bn to Nigerians for importing food products in 2023, Findings Revealed. According to the quarterly statistics of the Central Bank of Nigeria, the...

1 Minute

Business

BREAKING: CBN withdraws circular on cybersecurity levy

Akanji Philip May 20, 2024 0 Comment

The Central Bank of Nigeria has retracted its directive asking banks and payment service providers to collect and remit the cybersecurity levy as outlined in the Cybercrime Prevention and Prohibition Amendment Act of 2024....