Wednesday, October 20, 2021
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Tag: Central Bank of Nigeria (CBN)

Wigwe, Emefiele Honoured With Juris Law Award For Outstanding Contributions In...

The Chairman, Body of Bank CEOs and Group Managing Director of Access Bank Plc, Herbert Wigwe, has been recognised for his outstanding contributions to...

Osinbajo Not Calling For Naira Devaluation, Says Aide

Spokesperson to Vice-President Yemi Osinbajo, Laolu Akande says his principal did not call for the devaluation of the naira. On Monday, at the midterm review...

FX  Rates Should Reflect Market Realities, Osinbajo Tells CBN

Vice President, Yemi Osinbajo on Monday said Nigeria’s official exchange rate is “artificially low”. He made the remark during a speech at the Midterm Ministerial...

CBN retains MPR at 11.5%

The Monetary Policy Committee (MPC) of the g has agreed to retain the Monetary Policy Ratio (MPR) at 11.5 per cent CBN Governor, Mr Godwin...

CBN Sanctions GTBank N692m Over Two Market Infractions

The Central Bank of Nigeria (CBN) fined Guaranty Trust Bank (GTBank) Plc, the sum of N692million in the first half of 2021. Findings by WESTERN POST...

CBN Partners British Fintech To Develop Digital Currency

The Central Bank of Nigeria (CBN) on Monday, announced the formal engagement of a global fintech company, Bitt Inc., as the technical partner for...

CBN To Sanction MfBs Over FX Transactions

The Central Bank of Nigeria (CBN) has threatened to sanction microfinance banks going beyond the mandate of their operating licence to engage in foreign...

CBN Threatens To Prosecute Naira Abusers

The Central Bank of Nigeria (CBN) has said it is collaborating with the Nigeria Police and other law enforcement agencies to arrest and prosecute...

CBN To Refund Capital Deposits To BDC Applicants

The Central Bank of Nigeria (CBN) on Thursday said it will start immediate refund of capital deposit to Bureaux de Change (BDC) promoters with...

CBN Bans Supply Of Forex To Bureau De Change Operators

The Central Bank of Nigeria (CBN) says it has stopped sale of foreign exchange (FX) to Bureau De Change (BDCs) operators in the country. Governor...
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