Senate Moves To Secure CBN Grant Permits For Offshore Banking
Chairman, Senate Committee on Trade, Industry and Investment, Senator Francis Fadahunsi, has said the National Assembly would ensure the Central ...
Tag: Central Bank of NIgeria
US Professor Warns Nigeria Against CBN’s Proposed Digital Currency
...Spells Doom For El Salvador The professor of applied economics at Johns Hopkins University, Steve Hanke, has recently been criticizing ...
CBN Issues Non-Interest Banking License to Lotus Bank
The Central Bank of Nigeria (CBN) has granted a non-interest banking licence to Lotus Bank Limited. This follows Lotus Bank’s ...
World Bank Blames CBN For Nigeria’s Forex Crisis, Offers Solutions
The World Bank has tied the Central Bank of Nigeria to the Foreign exchange crisis currently being experienced in the ...
CBN To Launch Virtual Currency Before December
Nigeria's Central Bank would launch its own digital currency before the end of 2021, the bank's Information Technology Department's Director, ...
Naira Nears N500/$1 in Black Markets After CBN Devaluation
The exchange rate between the naira and the US dollar closed at N411.50/$1 at the Importers and Exporters window, where ...
Nigeria’s Lending Rate Remains at 11.5% as CBN Drives To Stimulate Economy
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has retained the Monetary Policy Rate (MPR) at 11.5 ...
CBN Disbursed N300bn Loans in Southern Nigeria To Boost Agric Sector
Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, said that over N300 billion had been disbursed to companies operating in ...
WorldRemit Supports CBN’s Extension of Naira4Dollar Scheme
WorldRemit, a global cross-border payments company, has validated the Central Bank of Nigeria’s decision to extend the deadline of the ...
Banks Deposits Climb by N6.95trn in One Year
Banks deposits rose by N6.95tn between February 2019 and February 2020, Nigeria's Central Bank has announced. The CBN disclosed this ...
