28.3 C
Lagos
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CBN

Money Market

CBN Shuts Down All Cryptocurrency Exchange Bank Accounts

    According to a letter shared by social media users, the CBN earlier today urged banks to identify and close the bank accounts of people...
Money Market

CBN advises against second lockdown, retains MPR at 11.5 percent

    The Central Bank of Nigeria, CBN, on Tuesday advised the Federal Government against the second lockdown. The CBN position is coming after the Presidential Task...
Money Market

N9.8 trn Debt: CBN borrowing may highten risks, investments says Fitch

    The Federal Government of Nigeria’s repeated recourse to its Ways and Means facility with the Central Bank of Nigeria highlights weaknesses in public finance...
Energy

CBN releases framework for QR Code payments

    The Central Bank of Nigeria, CBN, has released by the framework for Quick Response, QR, code payments in Nigeria as part of it's commitment...
Money Market

PMB directs CBN to stop giving money for food importation

    President Muhammadu Buhari has given his words that the administration will keep a keen eye on food inflation in the New Year while giving...
Money Market

Nigerian Banks borrowed N1.7 ten from CBN in Q3

 Banks borrowed N1.7tn from the Central Bank of Nigeria in the third quarter of 2020. The apex bank disclosed this in its third quarter economic...
Money Market

CBN says consumers will shun consumption of luxury items

  Most Nigerian consumers are not likely to purchase expensive or luxury items in the next 12 months. The Central Bank Of Nigeria, CBN, made this...
Money Market

Nigerian Banks to implement new cheque standards come Jan 1, 2021

  The Central Bank of Nigeria, CBN has ordered Nigerian banks to migrate in the New Year (2021), into brand new cheque standards. To this end,...
Money Market

CBN releases guidelines for payment categorisation

  . The Central Bank of Nigeria, CBN, in line with its commitment to promote a strong and credible payment system, has approved new license categorisations...
Business

Pharmaceutical manufacturers commend CBN on easy access to N100bn healthcare fund

    … ask for two year moratorium   Operators in the Nigerian pharmaceutical industry has commended the Central Bank of Nigeria for prompt disbursement of the N100...
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