Tag: CBN
Banks tighten lending conditions as loan defaults worsen
Banks have resolved to further tighten lending conditions in the first quarter of next year (Q1’21) following continued…
Banks borrow N1.7tn from CBN in three months
Deposit Money Banks borrowed N1.7tn from the Central Bank of Nigeria in the third quarter of 2020. The…
CBN withdraws operating licenses of 42 microfinance banks (Full List)
The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs). The affected…
Nigeria needs more currency reform to access $1.5bn loan, says World Bank director
World Bank country director for Nigeria, Shubham Chaudhuri has stated that Nigeria needs more monetary reform in order…
CBN begs court not to unfreeze #EndSARS campaigners’ accounts
The Central Bank of Nigeria has asked Justice Ahmed Mohammed of a Federal High Court in Abuja not…
Court okays suit asking CBN to account for COVID-19 donations
A federal high court in Abuja has granted leave to two groups seeking to compel the Central Bank…
Naira to now trade at N392/$
Bureau de change operators have been directed by the Central Bank of Nigeria (CBN) not to sell dollars…
Reps summon Kyari, Emefiele over non-remittance of N3.235trn in 2014
The House of Representatives has summoned the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr. Mele…
FG to launch solar power scheme for 5m households
The establishment of an Economic Sustainability Committee (ESC) to provide solar power scheme to five million households that…
Frozen Bank Accounts: CBN accuses #EndSARS campaigners of terrorism
The Federal Government was able to freeze the accounts of 20 #EndSARS campaigners after telling a Federal High…
BREAKING: CBN gets court order to freeze accounts of #EndSARS promoters
The Federal High Court sitting in Abuja has granted the Central Bank of Nigeria the request to freeze…
Landlord threatening to eject Nigerian embassy in Hungary over owed rent, Onyeama discloses
The minister of foreign affairs, Godfrey Onyeama has disclosed that the landlord of the building where the Nigerian…