Tag: Central Bank of Nigeria

CBN To Launch Whistleblowing Platform In January 2025

The Central Bank of Nigeria has announced the launch of an externally hosted whistleblowing platform set to go live on January 1, 2025. This initiative aligns with the apex bank’s…

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Cardoso begs Nigerians: You No Longer Have Reasons To Japa

Governor of the Central Bank of Nigeria ,Olayemi Cardoso, has advised Nigerians to reconsider emigrating abroad, popularly referred to as ‘Japa.’ Speaking during his keynote address at the 59th annual…

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CBN Extends Suspension of Cash Deposit Fees to March 31

The Central Bank of Nigeria has extended the suspension of cash deposit processing fees until March 31, 2025, from the previous September 30, 2024, deadline. The CBN disclosed this in…

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FCCPC: Approved loan apps companies in Nigeria rise to 284 in May 2024

Total number of loan app companies approved by the Federal Competition and Consumer Protection Commission, FCCPC, and the Central Bank of Nigeria has surged to 284 as of May 2024.  …

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UPDATE : Central Bank announced new requirements for Bureau de Change operators.

The Central Bank of Nigeria (CBN) has announced new requirements for Bureau de Change (BDC) operators. These changes, it said, aim to improve the way BDCs operate in Nigeria’s foreign…

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Naira tumbles to N1,234/$ at official market, speculators resume hoarding

The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on Monday, according to data obtained from the FMDQ securities exchange.…

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NBS Report: Naira Crash Pushes Raw Material Imports To N3trn

Imports of raw materials into the country rose by 25 per cent to N3tn in 2023 and this is according to the Foreign Trade Statistics data published by the National…

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ICAN Throws Weight Behind Senate, N30bn Ways and Means Must Be Recovered

The Institute of Chartered Accountants of Nigeria has expressed support for the move of the Senate to probe the Ways and Means loan to the Federal Government under the administration…

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All Set For CBN To Hold 294th MPC Meeting March 25

The Central Bank of Nigeria has announced the 294th meeting of the Monetary Policy Committee, a crucial gathering that shapes the nation’s economic policies. The apex bank made this known…

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N30trn Ways and Means Probe : CBN Gov To Be Invited By Senate

The Senate Ad-hoc Committee probing the N30tn Ways and Means loans to the Federal Government has discovered 13 infractions in the process of obtaining the loan. The Senate also disclosed…

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