Tag: CBN
CBN refutes claims of Naira devaluation, says $1/N465 remains
The Central Bank of Nigeria (CBN), has debunked media report of its devaluation of naira to N631 from the rate of N461/$.
CBN increases interest rate to 18.50%
The Central Bank of Nigeria (CBN) has again increased the monetary policy rate (MPR) by 0.50 per cent to 18.50 per cent.
CBN urges Banks,Telcos to resolve dispute in consumers’ interest
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has said the current disagreement between telecoms firms and deposit money banks (DMBs) over non-payment for the provision of the Unstructured Supplementary Service Data (USSD) transactions must be resolved in the overall interest of financial consumers.
Nigerians call for FG’s intervention new monetary policy
Nigerians have called for an intervention from the Federal Government to ease the hardship and frustration being faced because of the new monetary policy introduced by the Central Bank of Nigeria (CBN).
CBN did not authorise any bank to collect N500, N1000 old note
The Central Bank of Nigeria has debunked false media report that it authorised commercial banks to collect old N500, N1000 notes.
CBN mandates banks to collect old N500, N1,000 notes
Banks across Nigeria have been ordered to receive old N500 and N1, 000 from customers who come to deposit them in the wake of recent crisis.