Naira Abusers Risk Six Months In Jail, CBN Warns       The Central bank of Nigeria has warned that that abusers of the naira at social events risk imprisonment or an imposition of fine. The CBN noted in a statement issued on Tuesday that according to the bank’s...

Expert Expects Retained Rates As CBN Holds MPC       Ahead of the two-day Monetary Policy Committee meeting starting on Monday (today), a financial expert has said the Central Bank of Nigeria is expected to retain the Monetary Policy Rate. The CBN had at its meeting in May...

CBN, Farmers Set To Reduce Price Of Rice     The Central Bank of Nigeria and the Rice farmers Association of Nigeria have concluded plans to distribute 27,000 metric tonnes of rice paddies directly to millers nationwide on Thursday, to renew their move to address the rising...

CBN Increases Forex Allocations To Banks       The Central Bank of Nigeria on Sunday announced an increase in foreign exchange allocations to banks to meet the requests of customers. These requests include travellers seeking foreign exchange for travel allowances, payment of tuition and medical fees, among other...

COVID-19: CBN Disburses N253bn To 470 Households, 77, 000 SMEs         The Acting Director Corporate communications Department of the Central Bank of Nigeria (CBN), Mr. Osita Nwanisobi, has said that the bank disbursed N253 billion to 548,345 beneficiaries as part of its responses to the COVID-19...

Bank Customers To Pay N6.98k For USSD Transactions — CBN, NCC       The Central Bank of Nigeria, CBN, and Nigerian Communications Commission (NCC) today said that bank customers are to begin paying N6.98 kobo per Unstructured Supplementary Service Data (USSD) transactions commencing today. The price replaced...