Tag archive for ‘CBN’
By Dipo Olowookere On Friday, May 26th, 2017
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Why we Created Multiple Exchange Rates—CBN

By Dipo Olowookere The Central Bank of Nigeria (CBN) has justified its creation of the various exchange rates for the Naira against the major foreign currencies at the forex market. According to the apex bank, More...

By Dipo Olowookere On Friday, May 26th, 2017
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Investors’ Forex Window Trades $1.1b in 3 Weeks—CBN

By Dipo Olowookere Acting Director in charge of Corporate Communication at the Central Bank of Nigeria (CBN), Mr Isaac Okorafor, has disclosed that not less than $1.1 billion has been traded in 3 weeks by investors More...

By Modupe Gbadeyanka On Thursday, May 25th, 2017
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CBN May Further Tighten Monetary Policy

By Modupe Gbadeyanka There are strong indications that the Central Bank of Nigeria (CBN) may likely further tighten its monetary policy in order not to worsen the gains so far achieved in the exchange rate of the More...

By Dipo Olowookere On Saturday, May 13th, 2017
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We’ll Use Agric to Diversify Economy—CBN Insists

By Dipo Olowookere The Central Bank of Nigeria (CBN) has re-echoed its commitment towards using agriculture to drive the economic diversification of the present administration. CBN Governor, Mr Godwin Emefiele, More...

By Modupe Gbadeyanka On Monday, April 24th, 2017
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BREAKING: CBN Extends BVN to Microfinance Banks, Gives July 31 Deadline

By Modupe Gbadeyanka Heeding several calls by the Federal Government, Nigerians and experts in the financial institutions in the country, the Central Bank of Nigeria (CBN) has extended the Bank Verification Number More...

By Modupe Gbadeyanka On Friday, April 21st, 2017
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CBN Releases Guide to Charges by Banks

The Central Bank of Nigeria (CBN), has released Guide to Charges by Banks and Other Financial Institutions in Nigeria 2017. This is to guide banks on what they should charge customers for services rendered to More...

By Modupe Gbadeyanka On Thursday, April 20th, 2017
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CBN Indefinitely Suspends Implementation of Interchange Fee

By Modupe Gbadeyanka Central Bank of Nigeria (CBN) has announced an indefinite suspension of the implementation of the interchange fee. The central bank announced the suspension of the policy on Thursday night More...

By Modupe Gbadeyanka On Wednesday, April 12th, 2017
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Buhari Nominates 5 for CBN Board Job

By Modupe Gbadeyanka Five persons have been nominated by President Muhammadu Buhari for confirmation into the Board of the Central Bank of Nigeria (CBN). A statement issued on Wednesday by the Special Adviser to More...

By Modupe Gbadeyanka On Tuesday, April 11th, 2017
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CBN Auctions Additional $418m at N310/$

By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) has promised to ensure ample supply of foreign exchange liquidity in the market. Last Friday, the apex bank auctioned the sum of $418 million at the retail-SMIS More...

By Dipo Olowookere On Friday, April 7th, 2017
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Three Banks in Trouble, Fail CBN Stress Test

By Dipo Olowookere A stress test conducted by the Central Bank of Nigeria (CBN) on the status of the banking system in the country has shown that three of the big banks are in trouble. According to the apex bank, More...

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