Tag: CBN, Naira
The new CBN policy the talibanisation of the political economy
By Adewale Adeoye The CBN says you can’t take more than 20k out of your own money in one day. Corporate groups that want to buy a fridge urgently wont be...
Wahala for Umahi: CBN ordered to deduct N30b from Ebonyi Federal allocation
A Federal High Court,sitting in Port Harcourt Division, has ordered the Central Bank of Nigeria (CBN) to commence immediate deduction of over N30billion from the...
CBN moves to redesign Naira
The Central Bank of Nigeria has announced its decision to redesign the Naira. CBN, AMCON announce sale of Polaris Bank The Governor, Mr. Godwin Emefiele, who...
CBN, AMCON announce sale of Polaris Bank
The Central Bank of Nigeria (CBN) and the Asset Management Corporation of Nigeria (AMCON) have formally announced the completion of a Share Purchase...
CBN raises monetary policy rate from 14-25.5%
, The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 14 percent to 15.5...
CBN holds MPC meeting
…Hike in rates likely As the Central Bank of Nigeria (CBN) holds its Monetary Policy Committee (MPC) meeting on Monday, some stakeholders...
Forex scarcity:CBN releases $265m to Airlines
The Central Bank of Nigeria, on Friday, released $265m to airlines operating in the country, to settle outstanding ticket sales to check a brewing crisis...
CBN explains reversal of five percent interest rate on interventions
The (CBN) has reversed the five per cent interest rate on all its intervention facilities to nine per cent per annum, effective September 1, 2022. TAJ Bank...
TAJ Bank secures CBN license for nationwide operations
TAJBank Limited, Nigeria’s leading non-interest bank, has secured the approval for nationwide banking operations from the Central Bank of Nigeria (CBN). CBN...
CBN blames Naira free Fall on non remittance of Dollars by NNPC
The Central Bank of Nigeria has blamed the free Fall of the Naira on official and parallel market on non-remittance of dollars to foreign reserves by the Nigeria...
