Reps Query CBN, Banks, FIRS, Others Over N15bn Remita Transactions
The House of Representatives scrutinizes transactions via Remita platform, questioning N15bn payments without agreements or contracts CBN explains choosing Remita ...
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Tag: CBN
BREAKING: Tinubu’s Special Investigator, Jim Obazee Concludes Probe Of CBN
Some of his findings are being used to prosecute the former central bank governor, Godwin Emefiefle. The President commends Mr ...
CBN: Nigerian Economy Records Over $1.5bn Inflow
CBN reports over $1.5 billion inflow into Nigerian economy, signaling effectiveness of monetary policy initiatives in stabilizing foreign exchange market. ...
CBN removes limit on PAPSS payment services
PAPSS is a cross-border financial market infrastructure enabling payment transactions across Africa This development followed the recent liberalisation of the ...
CBN raises minimum capital requirements for banks
The new minimum capital base for banks with international authorisation is pegged at N500 billion The Central Bank of Nigeria ...
Dollar not selling at N1,000/$1, BDCs debunk viral post
Some social media users took to the comment sections of the posts to mock forex speculators, saying they will face ...
CBN increases interest rate to 24.75%
CBN retained the Cash Reserve Ratio to 45 per cent The Central Bank of Nigeria has raised the monetary policy ...
Naira Appreciates to N1,382/$ After $7bn FX Settlement
Naira records a significant recovery against the dollar at NAFEM, appreciating from N1,536.83 to N1,382.35 per dollar Central Bank of ...
Our $700m still trapped – Foreign airlines refute CBN’s settled FX backlog claim
The President of the Association of Foreign Airlines and Representatives in Nigeria, AFARN, Kingsley Nwokoma, faulted CBN’s claim on the ...
CBN clears all FX backlog as external reserves hits $34.11bn
The development fulfills a key pledge on his appointment and signifies a significant step towards restoring confidence in the economy ...
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