CBN promises to address nationwide cash supply shortage
The Central Bank of Nigeria (CBN) has assured banks of a steady cash supply to address shortages nationwide.
Cardoso spoke on Tuesday at a press...
CBN raises interest rate again, now to 27.50%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR) by 25 basis points...
CBN orders payment providers to track all PoS transactions
sets 30-day compliance deadline
All Payment Service Providers have been mandated by the Central Bank of Nigeria (CBN) to channel all transactions from Point...
CBN gives payment providers 30 days to commence tracking of POS transactions
The Central Bank of Nigeria (CBN) has issued a 30-day ultimatum to Payment Service Providers (PSPs) in the country to adhere to the revised...
CBN lifts suspension on bank borrowing, sets 31.75% lending rate
The Central Bank of Nigeria (CBN) has lifted the suspension on banks borrowing from its Standing Lending Facility (SLF) and set the lending rate...
CBN revives key economic reports for public transparency
The Central Bank of Nigeria (CBN) has announced the reintroduction of several key economic reports, signaling a renewed commitment to transparency and accountability.
These reports,...
CBN approves ProvidusBank, Unity Bank merger
The Central Bank of Nigeria has approved the framework for the merger between Providus Bank Limited and Unity Bank Plc, marking a significant milestone...
Zenith Bank retains top spot as Nigeria’s number one bank by Tier-1 Capital F...
For the fifteenth consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the...
CBN raises interest rate to 26.25%
Part of its effort to combat persistent inflation growth and stabilize the Nigerian economy, the Central Bank of Nigeria (CBN) has increased the Monetary...
Stop charges on cash deposit, CBN directs banks
The Central Bank of Nigeria (CBN) has directed banks to stop charges on cash deposits until September 30, 2024.
CBN disclosed this in a circular...
