CBN Holds Interest Rate at 27.5% Amid Inflation Moderation
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) opted to maintain all key monetary parameters, including the Monetary Policy Rate (MPR) […]
CBN
CBN retains Nigeria’s interest rate at 27.50% amid inflation drop
The Central Bank of Nigeria Monetary Policy Committee has retained the country’s interest rate at 27.50 percent in January, the same rate as in November […]
CBN to retire 1,000, offers 50bn payoff plan
There are indications that the Central Bank of Nigeria (CBN) may retire about 1,000 of its employees by December 31, 2024. This is according to […]
Minimum wage: Nigerian govt can pay N500,000 with active production economy – Moghalu
A former deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu, has said the Nigerian Government can pay N500,000 as minimum wage if […]
CBN speaks on plan to revoke licenses of three other banks
Yesterday, the CBN revoked the operating license of Heritage Bank. The decision was taken in line with the CBN’s responsibility to uphold a stable financial […]
EXCLUSIVE: CBN To Revoke Licences Of UnityBank, Keystone, Polaris
Following the revocation of the licence of Heritage Bank, the Central Bank of Nigeria (CBN) is set to also terminate the licences of three other […]
BREAKING: CBN Revokes Heritage Bank Licence
The Central Bank of Nigeria (CBN) has revoked the licence of Heritage Bank Plc with immediate effect. Hakama Sidi Ali, Acting Director, Corporate Communication at […]
Full list of directors sacked by CBN
A significant number of directors who had survived the ongoing restructuring at the Central Bank of Nigeria (CBN) have now been dismissed. CBN Governor Yemi […]
CBN reportedly sacks 200 workers
A massive shake up has rocked the Central Bank of Nigeria as the apex bank has reportedly initiated another round of terminations affecting executive directors and approximately […]
Forex crisis: Why CBN should review recapitalization requirement for BDCs – ABCON
The Association of Bureau De Change Operators has criticized the Central Bank of Nigeria’s new recapitalization requirements for its members amid the ongoing foreign exchange […]