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CBN Pumps $9.98bn into Forex Market in Q4

•Federally-collected revenue drops to N2.6tn Obinna Chima The Central Bank of Nigeria (CBN) sold a total of $9.98 billion to authorised foreign exchange dealers in the...

CBN Reschedules January MPC Meeting

Obinna Chima The Central Bank of Nigeria (CBN) has postponed its first Monetary Policy Committee (MPC) meeting for 2020, earlier scheduled to hold next week...

CBN Unveils Information Security Management Framework

Nume Ekeghe The Central Bank of Nigeria (CBN) has unveiled a Risk and Information Security Management Framework. The policy is aimed at promoting effective management of...

Banks Reconfigure ATMs to Beat CBN’s Reduction of Charges

•CBN vows to investigate sharp practice Sunday Ehigiator Some commercial banks have designed means to avoid the recent slash in charges on withdrawal from Automated Teller...

CBN Moves to Facilitate Card Pre-authorisation for Payment

Nume Ekeghe The Central Bank of Nigeria (CBN) yesterday directed merchant acquirers and other operators in the payment system to take steps towards enhancing pre-authorisation...

No Plan for Devaluation of the Naira, Says CBN

Obinna Chima The Central Bank of Nigeria (CBN) has ruled out the possibility of devaluing the naira next year, expressing optimism that crude oil price...

CBN Reduced Bank Charges to Pacify Customers, Says Emefiele

•ATM withdrawal, electronic banking, card maintenance charges, others slashed Obinna Chima The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday explained that the banking...

CBN: Electronic Payments Hit N424tn in Nine Months

•Eyes 70% LDR before end of 2020 Obinna Chima and James Emejo in Yola The Central Bank of Nigeria (CBN)’s cashless policy has received a boost...

CBN: Sectoral Interventions Save Nigeria N1.3tn Annual Import Bill

•NLC hails Emefiele, backs border closure James Emejo, Bamidele Famofoo, Nume Ekeghe in Owerri The Central Bank of Nigeria (CBN) has said its interventions in key...

CBN Seeks Institutional Reforms to Stem Smuggling, Migration of Terrorists

•Urges govt to reconsider $57 oil benchmark for 2020 budget •Holds MPR at 13.5%, CRR at 22.5% Ndubuisi Francis in Abuja The Monetary Policy Committee (MPC) of...