What we are doing to restore Naira’s true value – CBN Governor …C0NTINUE READING HERE >>> The Central Bank of Nigeria (CBN) has assured that the Naira’s true value will be restored with the introduction of an electronic FX matching system, which has proven effective in other markets. Governor of CBN, Olayemi Cardoso, … Read more
CBN issues Dec. 1, ultimatum against banks, ATM delays …C0NTINUE READING HERE >>> The Central Bank of Nigeria (CBN) on Friday advised bank customers to report any difficulties withdrawing cash from bank branches or ATMs to the apex bank from December 1. CBN Governor, Olayemi Cardoso, said this during the 2024 annual bankers dinner in … Read more
Reps To Summon CBN, Banks Over Unregistered POS Operators …C0NTINUE READING HERE >>> The House of Representatives has decided to summon the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, along with the Chief Executive Officers of commercial banks, to discuss solutions to the ongoing issue of unverified Point of Sale (POS) operators … Read more
CBN continues monetary policy tightening, raises interest rate …C0NTINUE READING HERE >>> The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has further raised interest rate by 25 basis points to 27.50 per cent from 27.25 per cent. The Governor of the CBN and Chairman of the MPC, Yemi Cardoso, announced the … Read more
CBN Disowns Fake Contract Award …C0NTINUE READING HERE >>> The Central Bank of Nigeria (CBN) has warned members of the public that some fraudsters are planing to deceive Nigerians with fake contracts. The apex bank disclosed that the perpetrators have in their possession award letters of contracts related to construction works and special financial interventions … Read more