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The Central Bank of Nigeria (CBN) has reacted to condemnations trailing the directive to Deposit Money Banks (DMBs) to desist from transacting in Cryptocurrencies.
Read More »CBN reacts to criticisms, justifies Cryptocurrency ban
Immigration denies caterer passport renewal over #EndSARS protest
The Federal Government on Wednesday continued its clampdown on #EndSARS protesters by refusing to issue a passport to a caterer who provided food to protesters and helped in sourcing for funds for a wounded protester.
Read More »Central Bank Rule Leaves Cocoa Stranded at Ports
Nigerian cocoa exporters are facing long delays in shipping their goods after the central bank started insisting on additional documentation to ensure proceeds are returned to the country, according to bloomberg.com
Read More »Buhari returns Emefiele as CBN governor
President Muhammadu Buhari has nominated governor of the Central Bank of Nigeria (CBN), Godwin Emefiele for a second term in office.
Read More »Depositors’ Funds safe, Employees of Skye Bank to be retained by Polaris Bank, CBN Assures
The Central Bank of Nigeria (CBN) has assured that all employees of now defunct Skye Bank are to be absorbed by the new Polaris Bank under a new contract unless any employee decides to opt out. Also, the CBN declared that all depositors shall retain their deposits and that normal banking services shall continue in the new bank on Monday, …
Read More »CBN Extends Support To Skye Bank
Nigeria’s central bank has extended guarantees to Skye Bank for another year while it considers the bank’s recapitalisation proposal, the mid-tier lender said in a statement.
Read More »CBN clarifies Why the naira is getting stronger, denies favouritism
The Central Bank of Nigeria (CBN) said the recent appreciation of the Naira against other ccurrencies was the result of its market monitoring and intervention.
Read More »Breaking: CBN takes over Board of Skye Bank
The Central Bank of Nigeria, CBN, on Monday, took over the Board and management of Skye Bank Plc after the lender failed to meet the regulator’s minimum key liquidity and capital adequacy ratios. The CBN Governor, Godwin Emefiele, disclosed this at a press conference, held at the CBN’s head office in Lagos. Emefiele said the apex bank had appointed a …
Read More »CBN adopts flexible exchange rate policy, retains interest rate at 12%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has adopted a flexible exchange rate policy for the country. The CBN Governor, Mr Godwin Emefiele, disclosed this on Tuesday in Abuja while addressing newsmen on the outcome of the two-day meeting of MPC. He said with the directive, the apex bank would soon release a new guideline …
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