CBN Archives - Page 9 of 21 - Voice Air Media

1 Minute

National

Tinubu Orders Probe Of CBN, Others, Appoints Special Investigator

VAM News July 30, 2023 0 Comment

VAM News Update President Bola Tinubu has appointed Jim Osayande Obazee as Special Investigator to probe the Central Bank of Nigeria (CBN) and Related Entities. Obazee was the Chief Executive Officer, Financial Reporting Council...

2 Minutes

Business

CBN: Gradual phasing out of old naira notes continues

Akanji Philip July 26, 2023 0 Comment

The Central Bank of Nigeria has reaffirmed its commitment to gradually phase out the old N200, N500, and N1,000 naira notes while issuing new currencies. This announcement was made by the acting governor...

2 Minutes

Business

CBN speaks on old naira, new notes as means of financial transaction in Nigeria

VAM News July 26, 2023 0 Comment

VAM News Update THE Central Bank of Nigeria (CBN) says plans to gradually phase out the old N200, N500, and N1,000 naira notes are ongoing, as new notes are still being issued. Folashodun Shonubi,...

National -1 Minute

BREAKING: CBN lifts ban on Bamboo, Nairabet, AbokiFX, 437 accounts

Akanji Philip July 26, 2023 0 Comment

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...

Business -3 Minutes

BREAKING: CBN vows to tackle forex pressure, raises lending rate

Akanji Philip July 26, 2023 0 Comment

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...

1 Minute

National

CBN hikes interest rate to 18.75%

Bright Olorungbotemi July 25, 2023 0 Comment

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...

2 Minutes

National

CBN Lifts Restriction On Cash Deposit, Certain Withdrawals On Domiciliary Accounts

VAM News June 18, 2023 0 Comment

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...

6 Minutes

Business

Naira weakens to 702/$, CBN fresh FX supply likely— Report

Akanji Philip June 16, 2023 0 Comment

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...

14 Minutes

Business

Private sector, economists back CBN over currency floating

Akanji Philip June 15, 2023 0 Comment

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...