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...

CBN Charges African Regulators to Avoid Bank Failure The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has called on  the governors of Central Banks and other African financial sector regulators to be more vigilant in their regulatory and supervisory roles to forestall...

CBN bans Agents using Merchants PoS Terminals for Transactions  By Kabir Abdulsalam The Central Bank of Nigeria (CBN) has barred agents from using Point of Sale (PoS) terminals meant for merchants to carry out cash-in and cash-out transactions. The apex bank disclosed this in a circular while...

Cash Crunch: Governors Give Emefiele, Malami Tuesday Ultimatum To Obey Supreme Court   State governments, which sued the Federal Government on the naira redesign policy, have given the Central Bank of Nigeria Governor, Godwin Emefiele and the Attorney-General of the Federation and Minister of Justice, Abubakar...

Emefiele Confirmed To Me Old Naira Notes Are Now Acceptable - Soludo   There are strong indications that the federal government has decided to obey the Supreme Court ruling on the continuous use of old naira notes till December 31, 2023. Commercial Banks have been ordered to...