The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has undertaken high-level engagements in Singapore aimed at strengthening Nigeria’s financial connectivity with Asia through institutional cooperation, financial-market development and innovation. The engagements included discussions with the Monetary ...
The Federal Government and the Central Bank of Nigeria (CBN) have agreed to strengthen coordination of fiscal and monetary policies to control inflation, improve government borrowing and liquidity management, and protect private-sector access to credit. The agreement, contained in a ...
The Federal Government has directed relevant stakeholders and agencies to develop a comprehensive operational roadmap for the nationwide rollout of the 112 national emergency number. To this end, it has constituted a committee comprising the Nigeria Police Force (NPF), Nigerian ...
The Central Bank of Nigeria (CBN) has intensified its supervisory focus on terrorism financing, making it a current priority in its efforts to prevent the country’s financial system from being exploited by illicit actors. The apex bank disclosed this in ...
The Senate Committee on Public Accounts has issued a 72-hour ultimatum to the Nigerian National Petroleum Company Limited (NNPCL), the Central Bank of Nigeria (CBN), the Niger Delta Development Commission (NDDC), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and other ...
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has opted to keep the Monetary Policy Rate (MPR), which is the country’s benchmark interest rate, unchanged at 26.5 per cent. It reached the decision following the MPC meeting held ...
The Central Bank of Nigeria (CBN) has reaffirmed that both the standard ₦100 banknote and the commemorative ₦100 banknote remain legal tender and must be accepted for all transactions across the country. The clarification was contained in a statement issued ...