By Chioma Obinagwam The governor of Nigeria’s central monetary authority, the Central Bank of Nigeria (CBN), Godwin Emefiele, has commended the Federal Government for handing over National
The Central Bank of Nigeria (CBN) has launched an investigation into financial institutions offering services to cryptocurrency traders, TheCable understands. On Monday, the bank sent out examiners
Following the issuance of a circular by the Central Bank of Nigeria (CBN) on Friday, February 5, 2021, reiterating an earlier directive prohibiting commercial banks and other
By Chioma Obinagwam Nigeria’s apex bank- the Central Bank of Nigeria (CBN) has directed banks in the country to stop dealing in cryptocurrencies. This was disclosed in
… to pursue growth policies Nigeria’s central monetary authority, Central Bank of Nigeria (CBN) has retained Monetary Policy Rate, which is the benchmark lending rate at 11 percent.
By Chioma Obinagwam As the Monetary Policy Committee (MPC) holds its first meetings of the year on the 25th and 26th of January 2021, there are strong
Former N-Power beneficiaries will now be able to access permanent job opportunities or business prospects in line with the N-power exit strategy. The Federal Government has announced
The Central Bank of Nigeria (CBN) backstopped a total of N2.8 trillion in support loans to the Federal Government in 2020. This follows the FG’s failure to
As fear over unavailability of cash looms By Chioma Obinagwam Some bank customers who were unable to withdraw cash from the Automated Teller Machines (ATMs) of
Nigeria’s apex monetary authority, the Central Bank of Nigeria (CBN) has said that it will soon begin recapitalisation programme in the Nigerian banking sector to enable it