Tag: CBN
CBN, financial markets dealers introduce new money market benchmark
The Central Bank of Nigeria, CBN, and Financial Markets Dealers Associations have introduced the Nigerian Overnight Financing Rate, NFOR, as the new money market...
CBN Says 30 Banks Have Met Minimum Capital Requirements
The Central Bank of Nigeria (CBN) says 30 banks have met the minimum capital requirements announced in March 2024.
In a statement on Friday, by...
CBN cuts interest rate to 26.5% amid inflation drop
By Abubakar Yunusa
The Central Bank of Nigeria on Tuesday slashed the Monetary Policy Rate from 27 per cent to 26.5 per cent, signalling...
NCC, CBN to unveil refund framework for failed airtime, data transactions
The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have drawn up a framework to address consumer complaints arising from unsuccessful...
Images Showing Fire At CBN Are AI — Fact Check
A fact-check report by Reuters has said that the circulating social media reports on a fire outbreak at the Central Bank of Nigeria’s headquarters...
Nigeria’s Economy Now More Resilient, CBN Gov Says
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on Friday said Nigeria’s economy has emerged stronger.
He specifically pointed out that the...
Bitcoin hits record $125,000 as crypto surges
Bitcoin, the world’s largest cryptocurrency by market capitalisation, hit a new all-time high on Sunday morning at over $125,000.
The latest price represents a 97...
CPPE: CBN’s 75% CRR on non-TSA deposits necessary to limit excess...
The Centre for the Promotion of Private Enterprise (CPPE) has described the Central Bank of Nigeria’s (CBN) decision to impose a 75 percent cash...
CBN Revises Documentation Requirements For PAPSS Transactions
The Central Bank of Nigeria (CBN) has announced a significant review of the documentation requirements for transactions conducted through the Pan-African Payment &...
ABCON lauds CBN’s $197m sale to banks, seeks liquidity in retail...
The Association of Bureau De Change Operators of Nigeria (ABCON) has lauded the Central Bank of Nigeria (CBN) for selling $197.71 million to banks.
On...