Tag: CBN
2025: Central Bank of Nigeria cuts key rate to 27 Percent — Is this Nigeria’s pivot from crisis to growth?
It was a heavy moment in Abuja on September 22 and 23, 2025. The Central Bank of Nigeria…
Wale Edun’s Illness: Potential Impact on Nigeria’s Economic Policy Direction
The Presidency has confirmed that Minister of Finance and Coordinating Minister of the Economy, Wale Edun, is ill…
Cybersecurity levy: Mixed reactions as Obi, Omokri differ on economic benefits
CBN introduced Cybersecurity levy on May 6 Obi, TUC, Northern Coalition group kick against the policy as Reno…
CBN Naira abuse Act: 17 years after, Apex bank goes after defaulters
17 years after enactment of CBN Naira Abuse Act, Apex bank goes tough on defaulters EFCC hands down…
CBN allegedly freezes Sunday Igboho’s bank accounts
Chief Sunday Adeyemo popularly known as Sunday Ighoho has revealed that his bank accounts have been frozen by…
Moghalu condemns CBN’s reason for banning cryptocurrency transactions
Kingsley Moghalu, former deputy governor of the Central Bank of Nigeria (CBN) has condemned the apex bank's reason…
CBN explains why cryptocurrency transactions were banned
Following its ban on cryptocurrency-related transactions in the country, the Central Bank of Nigeria has explained why it…
Police bust fake CBN investment syndicate
In a joint operation, members of Lagos and Edo state commands of Nigeria Police Force have nabbed the…
FG to borrow N5.6tr for financing of budget
The Federal Government is to borrow N5.6 trillion from domestic and foreign sources to support the implementation of…
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The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs).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…