The Central Bank of Nigeria has directed banks to vacate a post-no-debit restriction placed on the bank accounts of 440 individuals and companies. A post-no-debit means that all debit transactions, including ATMs and...
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BREAKING: CBN vows to tackle forex pressure, raises lending rate
The acting Governor, Central Bank of Nigeria, Folashodun Shonubi, has said the bank will address the demand pressure on the country’s exchange rate, as the naira continued to slide against the dollar. He...
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1 Minute
CBN hikes interest rate to 18.75%
VAM News Update THE policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 18.5 percent to 18.75 percent. Last week, Nigeria’s inflation...
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2 Minutes
CBN Orders Banks To Obtain Customers’ Social Media Handles, Home Details
VOICE AIR MEDIA News Update THE Central Bank of Nigeria has mandated Financial Institutions to obtain the social media handle, e-mail addresses, telephone numbers, residential addresses, and more of their customers. This forms part...
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2 Minutes
CBN Lifts Restriction On Cash Deposit, Certain Withdrawals On Domiciliary Accounts
VOICE AIR MEDIA News Update THE Central Bank of Nigeria (CBN) has said cash deposits into domiciliary accounts will no longer be restricted. The apex bank said this in guidance to Deposit Money Banks...
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6 Minutes
Naira weakens to 702/$, CBN fresh FX supply likely— Report
The naira traded at 702.19/dollar at the close of business on Thursday, as the Central Bank of Nigeria has allowed for a free float of the national currency against the dollar and other global...
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14 Minutes
Private sector, economists back CBN over currency floating
The Central Bank of Nigeria has directed Deposit Money Banks to remove the rate cap on the naira at the official Investors and Exporters’ Window of the foreign exchange market, to allow for a...
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1 Minute
Naira Falls Massively at Official Market As CBN Issues Banks New Directive
VOICE AIR MEDIA News Update THE Central Bank of Nigeria has permitted banks to sell foreign exchange at their own price. The development is coming after the sack of former CBN Governor Godwin Emefiele...
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0 Minutes
CBN denies reports of devaluation of the Naira
THE Central Bank of Nigeria has denied reports of the devaluing the Naira. DailyTrust had earlier reported that the apex bank has devalued the Naira to N631 to $1. However in a post shared...
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1 Minute
CBN jerks up key interest rate
VOICE AIR MEDIA News Update THE Central Bank of Nigeria (CBN) policy-setting committee has raised the monetary policy rate (MPR), which measures interest rate, from 18 percent to 18.5 percent. Recall that the MPC...
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