Browsing Tag

Central Bank of Nigeria (CBN)

Bill Seeking to Amend CBN Act Passes Second Reading


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A bill seeking to amend the Central Bank of Nigeria (CBN) Act, 2007 has passed second reading. This followed the consideration of the bill presented by Senator Dalington Nwaokocha, (Labour Party, Abia Central at plenary on Wednesday.…

NGO Partners with CBN to Train, Empower Beneficiaries In Anambra State


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A Nongovernmental organisation, Aids for Women, Adolescents and Children International (AWACIO), in partnership with Central Bank of Nigeria (CBN), empowered 58 Anambra State beneficiaries with starter packs after their skills acquisition…

CBN lifts FX restrictions on 43 items


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The Central Bank of Nigeria (CBN) has lifted restrictions on importers of all the 43 items previously restricted by the 2015 circular referenced TED/FEM/FPC/GEN/01/010 and its addendums and also restated it's commitment to continue to…

CBN Governor pledges conducive atmosphere for investment to strive


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Following his confirmation as the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has said that the CBN will do all within its statutory functions to address identified distortions and ensure a conducive atmosphere for…

Investigative Report On Central Bank To Be Out Soon – SGF


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The Secretary to the Government of the Federation (SGF), Senator George Akume, says an investigation into the Central Bank of Nigeria, CBN, will soon reveal the truth about past mismanagement as part of a review aimed at moving…

LCCI urges CBN to suspend interest rate hikes


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The Lagos Chamber of Commerce and Industry (LCCI), has called on the Central Bank of Nigeria (CBN) to pause its interest rate hike to relieve Nigerians the pressure on the supply side following increased inflation rate. READ ALSO: …

Stop Spending Gains Made From Forex Revaluation, CBN Warns Banks


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The Central Bank of Nigeria issued a directive instructing commercial banks to refrain from utilizing their foreign exchange revaluation gains for dividends and operational expenditures. READ ALSO: Central Bank Of Nigeria Warns Foreign…

ABCON seeks CBN’s support for digital transition


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The Association of Bureaux de Change Operators of Nigeria(ABCON) has called on the Central Bank of Nigeria (CBN) to democratise and centralise the bureau de change’s (BDCs) operational mechanisms and support them to go digital. ABCON…

Nigeria’s Central Bank Is Undergoing Forensic Audit – President Tinubu


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Nigeria's Central Bank Is Undergoing Forensic Audit - President Tinubu President Bola Tinubu says a comprehensive forensic audit of the Central Bank of Nigeria is underway, while a thorough overhaul of the Civil Service payroll is…

Naira Redesign: Governor AbdulRazaq pleads for calm


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Kwara State Governor, AbdulRahman AbdulRazaq has sympathised with the people of the state on the continuous scarcity of the naira notes as a result of the recent CBN's currency redesign policy. According to him, for clarity, the Supreme…