Tag: CBN
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CBN to hold dormant account funds lawmakers put at over N1.3 trillion
The Central Bank of Nigeria (CBN) has proposed a new regulation that would allow it take over funds from bank accounts that had been...
CBN ends disruptive naira policy, begins release of notes
Nigeria's central bank has finally ended its policy of seizing higher bank notes months after introducing the expensive measure that badly affected lives and...
CBN made critical mistakes that doomed naira redesign
Nigeria has successfully introduced new banknotes on about 10 occasions since independence in 1960. So why has the latest attempt been so controversial and traumatic? And...
Naira scarcity: No big relief for Nigerians after CBN meeting
The Central Bank of Nigeria signalled Tuesday its decision to take cash out of the economy will not change much just yet, insisting its...
Nigeria’s central bank raises interest rate on price pressure
The Central Bank of Nigeria raised its benchmark lending rate by 50 basis points to 18% on Tuesday, extending a tightening policy that began last...