Ignore reports that banks failed stress test, CBN tells Nigerians
The Central Bank of Nigeria (CBN) has emphasized that the Nigerian banking industry remains resilient, with key financial soundness indicators staying within regulatory thresholds.JAMB Result The CBN made…
CBN suspends processing fee on large cash deposits amid naira scarcity
The Central Bank of Nigeria (CBN) has temporarily suspended processing fees on large cash deposits, as announced by Dr. Adetona Adedeji, the acting Director of Supervision at CBN….
IMF Recommends Further Increase in Nigeria’s Monetary Policy Rate by CBN
The International Monetary Fund (IMF) has recommended that the Central Bank of Nigeria (CBN) consider a further increase in the Monetary Policy Rate (MPR) at the next meeting…
Nigeria’s Central Bank Raises Exchange Rate for Cargo Clearance
The Federal Government of Nigeria, through the Central Bank of Nigeria (CBN), has announced a significant increase in the exchange rate used for cargo clearance. The rate has…
Some banks capital adequacy ratio low – CBN report
Some banks with international authorisation have a capital adequacy ratio below the regulatory threshold.NYSC Portal The report said, “The banking industry remained resilient in the review quarter as…
BREAKING: Reps Orders Arrest of CBN Governor Cardoso
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has been issued an arrest warrant by the House of Representatives Committee on Public Petitions. LEGIT.NG reports.informationguidenigeria…
FEC approves N27.5tn 2023 appropriation bill
The Federal Executive Council (FEC) of Nigeria, under the administration of President Bola Ahmed Tinubu, approved the 2024 appropriation bill, which amounts to N27.5 trillion. This development marks…
BREAKING: Emefiele Gets N300m Bail
A High Court of the Federal Capital Territory (FCT) in Maitama, Abuja, has granted bail in the sum of N300 million, to former Central Bank of Nigeria (CBN)…
CBN postpones MPC meeting again
The Central Bank of Nigeria (CBN) has once again postponed the meeting of its Monetary Policy Committee (MPC) despite the surge in inflation. The meeting, originally scheduled for…
Monetary reforms yielding positive results, says CBN
The Central Bank of Nigeria (CBN) has expressed optimism about the impact of its monetary policy reforms on the country’s economy. This comes in response to the recent…