Voice Air Media, News Update THE Central Bank of Nigeria (CBN) has announced the sales of foreign exchange (FX) to the bureau de change (BDC) operators at the rate of N1,101/$. The CBN disclosed...
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Merger looms in Nigeria as CBN raises Bank’s capital requirements from N25bn to N200 billion, others
VOICE AIR MEDIA, VAM News Update Bank mergers are imminent as the Central Bank of Nigeria, CBN, has raised minimum capital requirements for banks. CBN disclosed this in a circular signed by the Financial...
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CBN tops up interest rate to 24.75%
VOICE AIR MEDIA, News Update The Central Bank of Nigeria has raised the monetary policy rate, known as the interest rate, by 200 basis points per cent to 24.75 per cent from 22.75 per...
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2 Minutes
Disquiet as Cardoso begins cleansing at CBN, eases out Directors
VOICE AIR MEDIA, VAM News Update Barring any last minute changes, at least eight directors at the Central Bank of Nigeria (CBN) would be served early retirement letters from the apex bank this week....
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CBN printing of N22tn under Buhari fueled inflation –Edun
The Minister of Finance and Coordinating Minister of Economy, Wale Edun, has said the N22.7tn printed by the Central Bank of Nigeria through Ways and Means overdraft for the Federal Government from 2015 to...
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CBN revokes operating licenses of 4173 BDCs
Voice Air Media, VAM News Update THE Central Bank of Nigeria (CBN) says it has revoked the licences of over 4,000 Bureau De Change operators violating operation regulations. The apex bank “has revoked the...
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2 Minutes
Naira-Dollar rate: CBN resumes sale of FX to BDCs
THE Naira on Monday appreciated against the dollar at the official and unofficial foreign exchange (FX) markets as the Central Bank of Nigeria (CBN) plans to resume dollar sales to Bureau De Change (BDC)...
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Inflation: CBN increases Price Verification System limit from 2.5% to 15%— Report
The Central Bank of Nigeria (CBN) has announced an upward review of the Price Verification System (PVS) from 2.5 per cent to 15 per cent. According to a circular by Dr Hassan Mahmud,...
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3 Minutes
BREAKING: CBN stops IOCs from 100% income repatriation
The Central Bank of Nigeria (CBN) has announced far-reaching measures to shore up the value of the Naira, with more liquidity in the Foreign Exchange (FX) market as it directed International Oil Companies to...
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3 Minutes
Review national disaster policy— Reps task CBN, NSA, others
The House of Representatives has urged the Central Bank of Nigeria, the National Security Adviser, the National Human Rights Commission and a host of other Federal Government agencies to review the current disaster policy...
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