Tag: CBN
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Tinubu narrates nasty experience during naira scarcity as relative says”my wealthy uncle does not have N10K cash”
Nigeria’s President, Bola Ahmed Tinubu, has recounted his nasty encounter with his close relative who narrated how their wealthy uncle ran short of cash during the naira scarcity in 2023. Recounting the experience at a special Iftar held in his honour at the Presidential Villa on Saturday night, Tinubu said the odds were against him…
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See new rate as Naira appreciates against Dollar
The Naira appreciated on Friday in the official market, trading at N1,536.82 to a dollar. Data from the Central Bank of Nigeria (CBN) website showed that the Naira gained N1.84.
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Senate confirms Ayogu new CBN board of directors member
The Senate, on Tuesday, confirmed the nomination of Prof. Melvin Ayogu as a member of the Board of Directors of the Central Bank of Nigeria (CBN).
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Suspend increase in ATM withdrawal charges – Reps to CBN
The House of Representatives has urged the Central Bank of Nigeria (CBN) to suspend its directive increasing ATM withdrawal charges. This resolution was taken as a result of a motion on urgent national importance moved by Rep. Marcus
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How CBN selected its new directors
Sources within the Central Bank of Nigeria (CBN),have opened up on the selection process for the newly appointed Directors at the apex bank, saying that the process was more rigorous and merit-based than in previous exercises.
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Naira depreciates by 0.43%
The Naira depreciated in the official market on Monday, trading at N1,498.98 to a Dollar. Data from the Central Bank of Nigeria (CBN) showed the Naira lost N6.49.
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Follow global standards to combat illicit $1.3trn funds flow, CBN orders banks
The Central Bank of Nigeria (CBN) has directed financial institutions nationwide to strictly comply with global banking standards to help curb the movement of $3 trillion in illicit funds worldwide. The apex bank stated that adherence to this directive would bolster confidence in Nigeria’s financial sector and enhance its stability. It reaffirmed its commitment…
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New ATM fees: Banks begin implementation, customers groan
Banks have commenced implementation of the new Automated Teller Machine (ATM) transaction fee charge on customers following the Central Bank of Nigeria (CBN’s) directive.
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Ways and Means: Senate accuses CBN of frustrating investigation
The Senate Ad hoc Committee investigating the N30 trillion Ways and Means facility granted to the federal government has accused the Central Bank of Nigeria (CBN) of frustrating its efforts to uncover how the loans were utilised.
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Naira gains as CBN sustains FX reforms
The Naira appreciated further at the official market on Monday, trading at N1,497.11 against the Dollar. Data from the Central Bank of Nigeria (CBN) website showed that the Naira gained N3.62.