[ad_1] The Central Bank of Nigeria (CBN) on Wednesday, Jan. 31, imposed limits on how much banks can hold in foreign currencies. The apex bank expressed concern about the growth of forex exposures on their balance sheets following the naira’s tumble against the US dollar. The Senate, on Wednesday, through its Committee on … Read more
[ad_1] Governor of the Central Bank of Nigeria ( CBN), Olayemi Cardoso, has been directed by the senate to appear before it on Tuesday, February 6, on the state of the economy and free flow of Naira at the forex market. The Senate Committee on Banking, Insurance and Other Financial Institutions led by Senator … Read more
[ad_1] Former Central Bank of Nigeria(CBN) Governor Sanusi Lamido Sanusi has thrown his weight behind the decision to relocate some departments of the apex bank from Abuja to Lagos. According to him, it was the right thing to do and had no political undertone to it. There have been criticisms in some quarters since … Read more
[ad_1] The Chairman, Senate Committee on the Army, Senator Ali Ndume, has warned President Bola Tinubu that there will be political consequences if he insists on moving some departments of the Central Bank of Nigeria (CBN) and the Federal Airports Authority of Nigeria (FAAN) headquarters to Lagos. While speaking on Channels TV on Tuesday, … Read more
[ad_1] The Central Bank of Nigeria has denied claims that it plans to redenominate the country’s currency Naira, with effect from January 2023. The apex bank stated this in a statement released by Isa AbdulMumin, the CBN’s Director of Corporate Communications. The statement released by the bank reads; “The attention of the Central … Read more
[ad_1] The Central Bank of Nigeria, CBN, has asked banks in Benue state to open from 8 a.m. to 2 p.m. following a bank robbery in the state. Recall that armed robbers attacked some banks in Otukpo town, Benue State, on Friday, October 20, 2023. To forestall future attacks, the CBN had an emergency meeting … Read more
[ad_1] The Central Bank of Nigeria (CBN) has finally lifted the foreign exchange restrictions it placed on the importation of 43 items eight years ago. In a statement released on Thursday, October 12, the director of corporate communications of the bank, Dr Isa AbdulMumin, said a significant change has been made in the foreign … Read more