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Tag "central bank of nigeria"

CBN stops loan applications, hands over debt recovery to banks

    CBN stops loan applications, hands over debt recovery to banks

The Central Bank of Nigeria (CBN) says it is suspending the application of new loans for processing under any of its existing intervention programmes and schemes. CBN disclosed this in

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CPPE to CBN: Customs’ FX rate hike is a burden for Nigerians

    CPPE to CBN: Customs’ FX rate hike is a burden for Nigerians

The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns over the recent decision by the Central Bank of Nigeria (CBN) to increase the customs foreign exchange rate.

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‘Take precautionary measures’ — CBN warns banks of fake naira in circulation

    ‘Take precautionary measures’ — CBN warns banks of fake naira in circulation

The Central Bank of Nigeria (CBN) has warned banks to beware of the circulation of counterfeit naira banknotes, particularly higher denominations, in major cities across the country. The warning was

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TCN: N104bn CBN-funded projects to be completed in May 2024

    TCN: N104bn CBN-funded projects to be completed in May 2024

The Transmission Company of Nigeria (TCN) says it will complete 53 projects under the Central Bank of Nigeria (CBN) power intervention in May 2024. Speaking during a tour of the

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The politics of naira redesign: Scarcity and erosion of national pride

  The politics of naira redesign: Scarcity and erosion of national pride

The initiative at the twilight of General Muhammadu Buhari’s administration to redesign the country’s currency, the Naira, has become a

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CBN to freeze bank accounts without BVN, NIN from March 2024

  CBN to freeze bank accounts without BVN, NIN from March 2024

The Central Bank of Nigeria (CBN) says accounts without a bank verification number (BVN) or national identification number (NIN) will

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Judicial decisions can affect foreign direct investments, says Cardoso

  Judicial decisions can affect foreign direct investments, says Cardoso

Yemi Cardoso, governor of the Central Bank of Nigeria (CBN), says an efficient judicial system can affect foreign direct investment

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Cardoso: CBN will ask banks to recapitalise

  Cardoso: CBN will ask banks to recapitalise

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the financial regulator will direct banks to recapitalise. Cardoso

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CPPE to CBN: Intensify efforts to stabilise forex rate, address inflation

  CPPE to CBN: Intensify efforts to stabilise forex rate, address inflation

The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to intensify efforts

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Inflation: Tightening monetary rates yielding desired effect, says CBN

  Inflation: Tightening monetary rates yielding desired effect, says CBN

Isa AbdulMumin, director of corporate communications at the Central Bank of Nigeria (CBN), says he believes that the low rate

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