The Central Bank of Nigeria (CBN) has announced that it will be launching the pilot scheme of its digital currency on October 1st, 2021. Naija News...
The Monetary Policy Committee (MPC) has left the benchmark Monetary Policy Rate (MPR) and other monetary policy tools unchanged to spur economic growth in the fourth...
Commercial banks in Nigeria have started charging customers for failed transactions. Naija News Learnt that the new charges were imposed following a CBN directive earlier this...
Both Godwin Emefiele, the Governor of the Central Bank of Nigeria, and the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari have been...
The Federal Government through the Central Bank of Nigeria has introduced the Healthcare Sector Research and Development Intervention Scheme (HSRDIS). The bank stated that the intervention...
The Central Bank of Nigeria (CBN) has directed commercial banks in Nigeria not to pay less than 1.25% in interest on savings deposit accounts. According to...
Dr. Obadiah Mailafia has disclosed why he resigned his position at the National Institute of Policy and Strategic Studies (NIPSS). The former presidential candidate is understood to...
Central Bank of Nigeria’s Bankers’ Committee has taken over the Nation art theatre from the federal government of Nigeria with the promise to rehabilitate the national...
The naira has crashed at N450 to a dollar at the parallel market as build upon dollar demand continued to rise. The naira is seen weakening...
The Central Bank of Nigeria (CBN) has slashed interest rates on its intervention programs to 5 percent from 9 percent. The Central Bank governor, Godwin Emfiele...
The Central Bank of Nigeria (CBN) has barred the transfer of dollars from customers domiciliary accounts to another party. According to the statement, CBN, Corporate Communications...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Friday warned the Federal Government against using debt-to-gross domestic product (GDP) ratio as...
The Central bank of Nigeria has voted that monetary policy rate, which measures interest rate to retain its status quo at 13.5 % for the first...
The Central Bank of Nigeria (CBN) is presently holding its first Monetary Policy Committee (MPC) meeting for the year 2020. Naija News understands that the meeting...
The Central Bank of Nigeria (CBN) has announced the reduction of withdrawal fee charged for the use of other banks’ Automated Teller Machines by 46.15 per cent...
The National Economic Council (NEC) presided over by Vice President Yemi Osinbajo has approved the investment of an additional $250million into the Nigerian Sovereign Investment Authority...
The Edo State Command of the Nigeria Police has dismissed reports that there was an attempt to rob the Central Bank of Nigeria (CBN), Benin. There...
Nigeria’s foreign reserves has dropped by $1.26bn from $41.76bn in October 2 to $40.5bn as at the end of October 30. According to the economic report for...
The Central Bank Governor, Mr. Godwin Emefiele has revealed that the Apex bank is ready to release a total of one hundred billion naira to revive...
The Central Bank of Nigeria has revealed how seven different commercial banks in the country could not pass its stress test. Naija News learnt that the...