CBN

CBN pegs minimum capital base For banks at N500bn

The Central Bank of Nigeria (CBN) has put the minimum capital base for commercial banks with international authorisation at N500…

1 month ago

CBN raises interest rate to 24.75%

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) by 200 basis points to 24.75 per…

1 month ago

CBN orders BDCs to sell dollar at N1,269

The Central Bank of Nigeria (CBN) has directed each Bureau de Change (BDC) operator to sell dollars to eligible customers…

1 month ago

NACCIMA kicks over CBN’s ban lift on FX access for importation

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has condemned the lifting of the foreign exchange…

2 months ago

CBN settles FX transactions, clears $7bn backlogs

The Central Bank of Nigeria (CBN) has cleared all valid foreign exchange backlogs of $7 billion. This was disclosed by…

2 months ago

Access Bank acquires National Bank of Kenya

Access Bank Plc and KCB Group Plc on Wednesday, March 20, 2024 signed a binding agreement to acquire 100 per…

2 months ago

Tinubu asks Senate to withdraw Onwudiwe’s nomination as CBN board member

President Bola Tinubu has reportedly asked the Senate to withdraw the nomination of Ruby Onwudiwe as a member of the…

2 months ago

CBN donates 2.15m bags of fertiliser worth N100bn to farmers

The Central Bank of Nigeria (CBN) has donated 2.15 million bags of fertiliser worth N100 billion to farmers through the…

2 months ago

Tinubu seeks Senate confirmation of Onwudiwe as CBN board member

President Bola Tinubu has written to the Senate for the confirmation of the appointment of Dr Ruby Onwudiwe as a…

2 months ago

EFCC: How Emefiele awarded CBN contracts to wife, in-law

A witness of the Economic and Financial Crimes Commission (EFCC), Agboro Michael, has told a Federal Capital Territory (FCT) High…

2 months ago

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