NLC Protests: CBN to Release Old Naira Notes to Banks The Central Bank of Nigeria has finally concluded plans to release all N1,000, N500 and N200 notes in its custody to Deposit Money Banks, according to The Punch. This decision is expected to end months of...

Cash Crunch: Emefiele Apologises For Failed Electronic Transactions   Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has apologised to Nigerians for the rise in failed electronic banking transactions. The CBN boss spoke at the end of the two-day monetary policy committee meeting in Abuja...

18% Rate: Economists Fault MPC Over Increase   Economists have faulted the Monetary Policy Committee of the Central Bank of Nigeria over its decision to increase the benchmark interest rate by 50 basis points to 18 per cent from 17.5 per cent. The experts spoke in reaction...

UPDATE: Nigerian Banks are Resilient, will Survive SBV's Collapse - Emefiele   The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has been speaking to the healthiness of Nigerian banks against the backdrop of the recent collapse of the Silicon Valley Bank (SVB). Speaking to journalists after...

BREAKING: CBN Increases Interest Rate to 18 Percent, Says Nigerian Banks Healthy    The Monetary policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased Monetary Policy Rate (MPR) which measures interest rate to 18 percent from the previous 17.5 percent adopted in January. This...

CBN: Rate In View As MPC Meets Today   The Monetary Policy Committee (MPC) is due to begin its two-day meeting on the economy on Monday (today) amid the economic crisis fuelled by the naira redesign policy and fuel scarcity. Analysts in the country have said the...