Buhari appoints IMF director, Obiora, as CBN deputy governor

President Muhammadu Buhari has nominated Kingsley Obiora to replace Okwu Joseph Nnanna, the deputy governor, economic…

CBN: N50 POS charge to be paid by businesses not customers

The Central Bank of Nigeria (CBN) has urged customers not to pay N50 charge to businesses…

(UPDATED) CBN slashes banks’ ATM withdrawal fee from N65 to N35

The Central Bank of Nigeria has reduced the withdrawal fee charged for the use of other…

CBN MPC holds interest rate at 13.5%, says increased inflation was expected

The Monetary Policy  Committee of the Central Bank of Nigeria (CBN) has announced its decision to…

Two million jobs coming as CBN plans N100bn textile funding

About two million jobs are to be created in the textile industry with the expected injection…

Emefiele meets Buhari, says borders remain closed

The Governor of Central Bank of Nigeria, Godwin Emefiele, on Monday said that the nation’s land…

CBN opposes MTN’s planned charges for USSD transactions

The Central Bank of Nigeria (CBN) has opposed plans by MTN to charge their subscribers for…

CBN to continue to apply monetary policy tools to control Inflation

The Central Bank of Nigeria (CBN) says it will continue to apply monetary policy tools to…

Seven banks fail CBN’s stress test

The funding positions of seven commercial banks are inadequate, the result of Central Bank of Nigeria…

N500, N1000 denominations most commonly counterfeited banknotes – CBN report

The Central Bank of Nigeria (CBN) on Wednesday, said that a total of 119,663 pieces of…

12 banks fined N499bn for inability to meet loan/deposit ratio requirements

The Central Bank of Nigeria (CBN) says 12 banks have been debited N499 billion for failing…

CBN clarifies cashless policy transaction charges

The Central Bank of Nigeria (CBN) says the transaction charges on deposit and withdrawal in furtherance…

CBN imposes fees on deposits, withdrawals

The Central Bank of Nigeria, CBN on Tuesday said that the nationwide implementation of the cashless…

Henceforth, loan defaults will be settled with deposits from other banks

The Central Bank of Nigeria (CBN) and commercial banks in the country have agreed that loan…

Military invasion: Court orders CBN to pay N8bn to Benue communities

The Federal High Court, on Monday, ordered the Central Bank of Nigeria (CBN) to immediately pay…

You are completely out of touch — Ezekwesili hits Buhari over directive to CBN

Oby Ezekwesili, former minister of education, has described President Muhammadu Buhari as a “completely out-of-touch leader”…

Moghalu to Buhari: Leave CBN alone

A former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has asked President…

Buhari to CBN: No more forex for food import

President Muhammadu Buhari on Tuesday in Daura, Katsina State, disclosed that he had instructed the Central…

Forex restriction for milk importation not political — CBN insists

The Central Bank of Nigeria (CBN) says its decision to restrict forex for the importation of…

CBN licenses three new banks

The Central Bank of Nigeria has issued licences to three new banks. According to an updated…

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