Tag: CBN
Why 1,368 BDCs to get $20,000 CBN FX intervention
About 1368 eligible Bureau De Change (BDC) Operators in Abuja, Awka, Kano and Lagos are set to benefit from the 20,000 dollars weekly FX...
Why CBN appoints new executives for Union, Keystone, Polaris Banks
The Central Bank of Nigeria (CBN) on Wednesday in a terse statement announced the dissolution of the boards and management of Union, Keystone and Polaris Banks.
CBN Governor approves apex bank’s reviewed service charter
The (CBN) Governor, Dr. Olayemi Cardoso, has approved the reviewed “Service Charter” of the apex bank.
CBN moves to restore investor confidence, begins clearance of FX
The Central Bank of Nigeria (CBN) has started clearing backlogs of foreign exchange (FX) forward contracts through some banks as part of efforts to rebuild confidence in the Nigerian economy.
Tinubu nominates Cardoso as new CBN Governor
President Bola Tinubu has nominated Olayemi Cardoso as the new Governor of the Central Bank of Nigeria (CBN), for a term of five years at the first instance.
CBN hikes interest rate to 18.75%
The Monetary Policy Committee, the policy-setting committee of the Central Bank of Nigeria (CBN), has raised the monetary policy rate (MPR), which measures interest rate, from 18.5 per cent to 18.75 per cent.