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Tag "central bank of nigeria"

‘To support economic recovery’ — CBN retains benchmark interest rate at 11.5%

    ‘To support economic recovery’ — CBN retains benchmark interest rate at 11.5%

The monetary policy committee of the Central Bank of Nigeria (CBN) has voted to retain the monetary policy rate (MPR), which measures interest rate, at 11.5 percent. The monetary policy

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CBN: We spent N58.6bn to print N1.06trn in 2020

    CBN: We spent N58.6bn to print N1.06trn in 2020

The Central Bank of Nigeria (CBN) says it spent N58.618 billion to print 2.518 billion of naira notes, valued at N1.06 trillion in 2020. The apex bank disclosed this in

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eNaira speed wallet app records over 360,000 downloads — 10 days after launch

    eNaira speed wallet app records over 360,000 downloads — 10 days after launch

eNaira speed wallet app, Africa’s first digital currency, has recorded over 360,000 downloads from 160 countries in the world — ten days after release.  The Central Bank of Nigeria (CBN)

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‘Beware of fake eNaira social media accounts’ — CBN alerts Nigerians

    ‘Beware of fake eNaira social media accounts’ — CBN alerts Nigerians

The Central Bank of Nigeria (CBN) has alerted Nigerians over fake social media handles of eNaira, the recently launched digital currency.  Osita Nwanisobi, director, corporate communications at CBN, said this

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Reps panel threatens to order CBN to take over Heritage Bank over debt

  Reps panel threatens to order CBN to take over Heritage Bank over debt

A house of representatives committee has threatened to ask the Central Bank of Nigeria (CBN) to take over the operations of

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Emefiele: FG will save 40% of forex earnings with Dangote Refinery

  Emefiele: FG will save 40% of forex earnings with Dangote Refinery

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says Nigeria will save 40 percent of its foreign exchange

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Sanusi: Fuel subsidy is a scam — some people in power making billions of dollars from it

  Sanusi: Fuel subsidy is a scam — some people in power making billions of dollars from it

Muhammadu Sanusi II, former Emir of Kano, says payment of fuel subsidy by the federal government is a “scam”, saying

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Unease over Petro Union’s $15bn judgment sum against Nigeria

  Unease over Petro Union’s $15bn judgment sum against Nigeria

BY AYOTUNDE ODUNSI Judgements allegedly obtained via fraudulent means by an oil and gas firm, Petro Union Limited, at the

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CBN postpones planned unveiling of eNaira

  CBN postpones planned unveiling of eNaira

The Central Bank of Nigeria says it has postponed the unveiling of the country’s first digital currency, eNaira, citing key

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Supreme court to resume hearing on £2.5bn judgment awarded against Nigeria Oct 7

  Supreme court to resume hearing on £2.5bn judgment awarded against Nigeria Oct 7

The supreme court will, October 7, resume hearing in a suit involving the Central Bank of Nigeria (CBN), Union Bank of Nigeria

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