CBN Recorded N8bn Transaction On eNaira Platform In One Year
The Governor, Central Bank of Nigeria, Godwin Emefiele, said the digital currency, eNaira, has recorded N8bn transactions in its one year of introduction.
He disclosed this while delivering his speech at the ‘eNaira 1-year anniversary’ event...
Strategic Capital Investment Ltd Acquires Polaris Bank for N1.355 Trillion
The Central Bank of Nigeria has announced the completion of the sale of Polaris Bank.
This was contained in a statement by the CBN’s Director, Corporate Communications, Osita Nwanisobi, on Thursday.
In it, the CBN announced the...
Forex Policy Widened Exchange Gap By N300 – ABCON
The President, Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe, has said the unorthodox foreign exchange policy of the Central Bank of Nigeria has adversely impacted on the naira stability across all markets, and...
15.5% Rate: CBN Directs Banks to Increase Interest on Savings Deposits
The Central Bank of Nigeria has ordered deposit money banks (DMBs) across Nigeria to increase interest on customers' savings.
The apex bank directed banks to pay 4.65 per cent interest on savings deposit accounts, an...
CBN Raises Interest Rate To 15.5% To Tame Inflation
The Monetary Policy Committee of the Central Bank of Nigeria has raised the benchmark interest rate from 14 to 15.5 per cent in order to tame the rising inflation rate.
This represents a 150-basis-point increase from the...
CBN Raises Interest Rate To 15.5% to Curb Inflation
The Central Bank of Nigeria (CBN), Monetary Policy Committee has again raised the interest rate by 150 basis points to 15.5%.
The raise is the third time that the apex bank will increase rates in the last...
