Breaking: CBN Raises Interest Rates To 14 Percent
The Central Bank of Nigeria, CBN, increased the interest rate from 13.5 percent to 14%. This is the second interest rate increase this year. The...
Tag : CBN
CBN Launches an eNaira enrollment drive in Lagos markets
The Bankers Committee and the Central Bank of Nigeria, CBN, have launched eNaira enrollment and awareness initiatives in two of Lagos’ largest markets. The enrollment...
Nigerians Defy Central Bank Of Nigeria’s Ban, Doubling Bitcoin Transactions In May–Paxful
Paxful, a cryptocurrency trading platform, has reported an increase in weekly Lightning Network transactions. Despite the Central Bank of Nigeria’s restrictions on cryptocurrency transactions in...
CBN’s Intervention Funds Causing Inflation, According To World Bank
According to the World Bank, the Central Bank of Nigeria’s development finance intervention is fueling inflation in the short term and weakening the apex bank’s...
MAN Tackles CBN Over N1 Trillion Low-Interest Loan
Manufacturing firms have stated that they are unable to obtain loans at the Central Bank of Nigeria’s 5% lending rate under its intervention scheme for...
2023 Elections: INEC To Stop Keeping Election Materials With CBN
Professor Mahmood Yakubu, the chairman of the Independent National Electoral Commission (INEC), has stated that critical election materials would no longer be stored at the...
Customers Must Present An Indemnification For Online Transfers Above N1 Million, According To The CBN
The Nigerian Central Bank has instructed banks and payment service providers to accept indemnity from consumers for highly secure online cash transfers. It stated this...
LATEST: CBN Reveals Why Naira Notes Will Be Out of Circulation
The Central Bank of Nigeria (CBN) has explained why paper money would be phased out shortly. According to Anaedoonline.ng, the Delta State Branch Controller of...
Emefiele: What Emefiele’s Political Ambition Might Make Us Do – INEC
Prof. Mahmood Yakubu, Chairman of the Independent National Electoral Commission (INEC), has stated that crucial election documents may be moved from the Central Bank of...
Despite Most Commodities Being Above N10, House of Reps Tasks CBN To Enforce Use of Coins
The Nigerian House of Representatives has requested that the Central Bank enforce the acceptance of coins such the N2, N1, and 50k. The decision comes...