Tag: CBN
CBN set to sell Treasury Bills worth N1.64 trillion between March, May
The Central Bank of Nigeria has said it will sell Treasury Bills worth N1.64 trillion in the second quarter 2024, Q2’24. This ...CBN raises interest rate to 22.75%
The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark interest rate by 400 basis points to a ...Travel allowances by cash no longer permitted, says CBN
In a move to solve the foreign exchange crisis in the country, the Central Bank of Nigeria says Personal and Basic Travel ...Sell excess dollars in 24 hours, CBN orders banks
Amidst fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money Banks to sell ...CBN approves naira stablecoin, to launch February 27
The Central Bank of Nigeria has approved the launch of the Nigerian naira stablecoin. The cNGN, which will be launched on February ...Your money is safe in Nigerian banks, CBN assures depositors
The Central Bank of Nigeria has assured depositors of the safety of their funds in the country’s financial institutions. In a statement ...CBN blames hoarding for naira scarcity, says ‘N3.4 trillion in circulation’
The Central Bank of Nigeria says it is addressing the reported cases of cash scarcity in some parts of the country. Speaking ...CBN suspends charges on large cash deposits
The Central Bank of Nigeria has suspended the processing fees on large cash deposits, a statement by the acting Director of Supervision, ...CBN to freeze bank accounts without BVN, NIN from March 2024
The Central Bank of Nigeria has accounts without a bank verification number or national identification number will be restricted from March 1, ...CBN pumped N10tn into economy through quasi-fiscal activities – Cardoso
The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has stated that previous administrations of the bank implemented quasi-fiscal policies ...