CBN raises interest rate to 27.50%
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has increased the benchmark interest rate by 25 basis points, ...
Tag: CBN
CBN mandates bank approval for software upgrades
Nigeria's Central Bank (CBN) has issued a directive requiring commercial banks to obtain regulatory approval before implementing changes to their ...
Nigeria’s Foreign Reserves hit $40.2bn as Naira defence eases
Nigeria's foreign reserves increased to $40.2 billion in October 2024, up from $38.4 billion in September, according to Central Bank ...
World Bank applauds CBN reforms under Cardoso
The World Bank has praised Nigeria's Central Bank Governor, Yemi Cardoso, for his efforts in steering the country’s economy through ...
CBN highlights banking innovations and efforts to curb inflation
Adetona Adedeji, Acting Director of the Banking Supervision Department at the Central Bank of Nigeria (CBN), announced ongoing innovations in ...
CBN reaffirms commitment to financial stability
The Central Bank of Nigeria (CBN) has reiterated its dedication to safeguarding the stability of the nation's financial system. In ...
Nigerian Stock Market rises despite CBN’s interest rate hike
Nigeria's stock market continued its upward momentum on Wednesday, defying the Central Bank of Nigeria’s (CBN) recent decision to raise ...
CBN increases Monetary Policy Rate to 27.25%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has announced a 50 basis point increase in ...
CBN lowers Cybersecurity Levy to 0.005%
The Central Bank of Nigeria (CBN) has announced a reduction in the cybersecurity levy on electronic transactions, cutting it from ...
CBN lifts suspension on bank borrowing, lending rate up 31.75%
The Central Bank of Nigeria (CBN) has lifted the suspension on banks borrowing from its Standing Lending Facility (SLF), establishing ...
