Tag: CBN
Trial of Emefiele Adjourned to October 22
Trial of Emefiele Adjourned to October 22
On Tuesday, the Federal Capital Territory High Court in Abuja adjourned the trial of suspended Central Bank of...
Currency in Circulation Reaches N3.97tn in May
The value of currency in circulation in Nigeria reached an all-time high of N3.97 trillion at the end of May, marking a 1.07 percent...
CBN’s $575 Million Dollar Sales in May Hit Record High for...
CBN's $575 Million Dollar Sales in May Hit Record High for 2024
In May, the Central Bank of Nigeria (CBN) sold $575 million, marking its...
NDIC Begins Liquidation of Heritage Bank After License Revocation
Following the Central Bank of Nigeria's revocation of Heritage Bank Plc's banking license, the Nigeria Deposit Insurance Corporation (NDIC) has announced the start of...
CBN Revokes Heritage Bank’s License
The Central Bank of Nigeria (CBN) has officially revoked the banking license of Heritage Bank.
Acting Director of Corporate Communications, stated that the revocation aligns...
CBN Authorizes International Oil Firms to Sell 50% of Their Proceeds
The Central Bank of Nigeria (CBN) announced on Friday that international oil companies (IOCs) can sell 50% of their repatriated export proceeds in the...
Reps Launch Investigation into Mass CBN Staff Dismissals
The House of Representatives has resolved to investigate the mass dismissal of employees by the Central Bank of Nigeria (CBN).
This resolution was passed during...
CBN dismisses 200 employees
The Central Bank of Nigeria relieved no fewer than 200 officials of their duties.
This disengagement is another in the long list of ongoing actions...
CBN Raises Interest Rates to 26.25%
The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) by 150 basis points to 26.25 percent from 24.75 percent, continuing...
BREAKING: Central Bank of Nigeria increases interest rate to 26.25% from...
In a bid to tackle soaring inflation and stabilize the economy, Nigeria's Central Bank has taken decisive action by implementing its third consecutive interest...