The Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing financial institutions to implement the national cybersecurity levy. The circular, issued on May 6, 2024 with …
CBN
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- Breaking NewsNational NewsNews Update
CBN bans foreign currency collateral for naira loans
by Our Reporterby Our ReporterThe Central Bank of Nigeria (CBN) has prohibited the use of foreign currency (FCY) as collateral for Naira loans. This directive contained in a circular by Dr. Acting …
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Nigerian economy records $1.5b inflow within a week – CBN
by Our Reporterby Our ReporterThe Nigerian economy recorded $1.5 billion inflow within a week after the Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 200 basis points to …
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CBN crashes retail forex rate by 3.4%
by Our Reporterby Our ReporterThe Central Bank of Nigeria (CBN) yesterday undercut foreign exchange (forex) speculation and deepened its quest for stronger naira by offering to sell forex to retail end-users at …
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Farmers to get CBN’s N100b worth of fertiliser
by Our Reporterby Our ReporterFederal Government’s push to ensure food security in the country got a huge fillip yesterday. The Central Bank of Nigeria (CBN) delivered 2.15 million bags of fertiliser to …
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The Central Bank of Nigeria has lifted ban on crypto currency transactions in the country. The apex bank has thus instructed commercial banks to jettison its previous instruction …