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CBN raises interest rate to 26.25%

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The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) from 24.75 per cent to 26.25 per cent. CBN Governor Olayemi Cardoso...

CBN halts 0.5% cybersecurity levy

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The Central Bank of Nigeria (CBN) has withdrawn the circular directing banks to implement a 0.5 per cent cybersecurity levy on electronic transactions in...

SERAP, BudgIT, others drag CBN to court over cybersecurity levy

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The Socio-Economic Rights and Accountability Project (SERAP), BudgIT, and 136 Nigerians have filed a lawsuit against the Central Bank of Nigeria (CBN) over its...

Tinubu orders CBN to suspend 0.5% cybersecurity levy

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President Bola Tinubu has directed the Central Bank of Nigeria (CBN) to suspend the implementation of 0.5 per cent cybersecurity levy on electronic transactions...

Reps to CBN: Halt implementation of 0.5% cybersecurity levy

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The House of Representatives has directed the Central Bank of Nigeria (CBN) to suspend the implementation of the cybercrime levy. The apex bank had mandated...

CBN orders banks to suspend charges on cash deposits till September

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The Central Bank of Nigeria (CBN) has directed banks in the country to stop charges on cash deposits until September 30, 2024. CBN gave the...

CBN orders banks to impose 0.5% cybersecurity levy on electronic transfers

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The Central Bank of Nigeria (CBN) has ordered banks to start charging a 0.5 per cent cybersecurity levy on electronic transfers. The CBN gave the...

CBN director: How I collected $600,000 contract bribe for Emefiele

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A former Director of Information Technology of the Central Bank of Nigeria (CBN), Mr. John Ayoh, has explained how he collected $600,000 allegedly for...

Naira loses 5.3% against dollar at official market

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The Naira on Tuesday, April 23, 2024 depreciated at the official market, trading at N1,300.15 to the dollar. Data from the official trading platform of...

Fresh charge: Emefiele printed N684.5m with N18.9bn

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Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has landed in another trouble in addition to the series of litigations against...
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