CBN’s sanctions on MTN, banks: Too many loose ends
There is something unseemly about the sanctions and the circumstances around the sanctions issued by the Central Bank of Nigeria (CBN) on the unfortunate five: MTN Nigeria and four financial institutions.
How MTN, four banks perpetrated $8.13 illegal deal, by CBN
The Central Bank of Nigeria (CBN), yesterday, gave details of how MTN Nigeria Limited and four banks perpetrated the $8.13 billion illegal transactions, using false information and deliberate disregard for the rules.
The battle against inflation challenges
The country’s monetary authority, in a bid to take hold of the price stability, has kept all its rates steady, at least, for the past 25 months, involving 12 bi-monthly sessions, specifically for purposes that run around inflation.
Emefiele, Elumelu, IMF for market dealers’ confab
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele; Chairman of UBA, Heirs Holdings and Transcorp, Tony Elumelu; and the Country Chief, International Monetary Fund...
CBN collects N7 trillion for government, withdraws N977b bad notes
In about eight months after the 2017 fiscal year, the annual report of the Central Bank of Nigeria (CBN) has showed that it recorded N7.3 trillion revenue.The development, which also affirmed that finances were relatively stable during the period, indicated a 30.3 per cent increase over the figures of 2016.
CBN holds monetary rates steady for two years
Foe the 12th consecutive time in two years, the Central Bank of Nigeria (CBN) has retained all the monetary policy rates for the country.
CBN intensifies fight against currency abuse in Imo
Worried by the increasing menace of the currency abuse, including spraying, matching, and other forms of destruction of the nation’s Naira, the Central Bank of Nigeria (CBN), Governor, Godwin Emefiele, has warned everyone to be mindful of how they use the currency. Represented by the Acting Director, Corporate Communications of the CBN, Isaac Okorafor, during…
CBN maintains rates over rising fears of election, budget spendings
The Central Bank of Nigeria (CBN), yesterday, refused again to change the benchmark interest rate, but now on the reason that anticipated fund inflows would reverse the gains from inflation level.
CBN holds key rate at record-high 14% on inflation risks
Nigeria’s central bank held its main lending rate at a record-high 14 percent as it sees increased inflation pressure in the second half of the year. Of the nine members of the Monetary Policy Committee who attended this week’s meeting, eight voted to leave the benchmark rate unchanged, Governor Godwin Emefiele told reporters in the…