MPC Targets Inflation Reduction, Raises MPR by 400 Basis Points
The decisions include: raising the MPR from 18.75 to 22:75 per cent, an increase of 400 basis points, adjustment of the asymmetric corridor around the...
Tag : CBN
FX Backlog: CBN Clears All Verified Claims By Airlines
….Injects $64m Into Forex Market The Central Bank of Nigeria (CBN), fulfilling its pledge to clear the backlog of foreign exchange owed foreign airlines in...
First MPC Meeting Under Cardoso Slated for Feb 26-27
…… As CBN Holds Preparatory Strategy Session The first meeting of the Apex Bank’s Monetary Policy Committee under the tenure of Mr. Olayemi Cardoso as...
CBN Clears $2bn Fx Liabilities Owed to 14 Banks, Others
….Puts In Place Independent Forensic Verification Protocol The Central Bank of Nigeria (CBN), in its bid to clear the backlog of outstanding foreign exchange liabilities,...
CBN Appoints New Executives for Union Bank, Keystone Bank, and Polaris Bank
Following the dissolution of the Board and Management of Union Bank, Keystone Bank and Polaris Bank on Wednesday, January 10,the CBN has appointed new executives...
FG Descends on Board, Management of Union, Keystone, Polaris Banks
The Central Bank of Nigeria (CBN) has dissolved the Board and Management of Union Bank, Keystone Bank, and Polaris Bank. The Apex bank explained that...
“No Cause for Alarm”, CBN Assures Depositors
The Central Bank of Nigeria (CBN) has advised bank customers to proceed with their banking transactions without any fear whatsoever. This assurance is contained in...
Cash Scarcity: CBN Warns Banks, PoS Operators Over Sharp Practices
…Provides Digital Feedback BoxTo Address Complaints The Central Bank of Nigeria (CBN says its attention has been drawn to alleged cases of collusion between some...
Over N3.4 trillion Cash Currently in Circulation Compared to N1trillion in Feb -CBN
…….Says Hoarding Responsible for Cash Scarcity, Appeals for Patience The Central Bank of Nigeria (CBN) has stated that over N3.4 trillion Cash is currently in...
CBN Recommits to Improved Service Delivery with Approval of Reviewed Service Charter
The Governor, Mr. OlayemiCardoso, has approved the Central Bank of Nigeria’s reviewed Service Charter. The Governor reiterated the Bank’s “commitment to providing more responsive and...