Court grants Emefiele N20m bail over alleged illegal firearm possession
Godwin Emefiele, the suspended governor of the Central Bank of Nigeria (CBN) has been granted bail in the sum of N20 million by the
CBN urges risk managers to adapt new tech against cybercrime
By Cynthia Ezekwe. The Central Bank of Nigeria (CBN) has urged risk managers to adopt new technologies that would help in combating
Telecoms investment in Nigeria hits $75.6bn, says NCC
Nigeria’s telecommunications sector has attracted both local and foreign direct investments (FDIs) to the tune of $75.6 billion as of
CBN limits single contactless payments to N15,000
By Business A.M. The Central Bank of Nigeria (CBN) has released new guidelines for contactless payments in Nigeria which limits single
Commercial banks to trade forex freely as CBN floats currency
By Business A.M. The Central Bank of Nigeria (CBN) has directed commercial banks to trade Foreign Exchange (FX) freely on the
CBN denies naira devaluation to N630 per dollar report
By Business A.M. The Central Bank of Nigeria (CBN) has debunked a report by a national daily, claiming that the apex bank has devalued
MAN opposes CBN’s rate hike, outlines impact on business operations
By Onome Amuge The Manufacturers Association of Nigeria (MAN) has warned that the increase in the country’s monetary policy rate (MPR)
CBN raise interest rate to 18.5% on rising inflation
By Business A.M. The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR) by
CBN withdraws operating licences of 132 microfinance banks
By Business A.M. The Central Bank of Nigeria (CBN) has revoked the operating licenses of 132 Microfinance Banks, three finance
CBN targets 95% financial inclusion with launch Of SabiMoni
By Cynthia Ezekwe As an avenue to upscale financial inclusion in Nigeria, the Central Bank of Nigeria has launched SabiMoni, a