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CBN secures court order to freeze 11 bank accounts over suspicious activities

The Central Bank of Nigeria says it has secured an order from the Federal High Court in Abuja to freeze eleven accounts belonging to...

CBN Retains Monetary Policy Rate At 11.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the monetary policy rate at 11.5 percent.The announcement...

CBN Imposes ₦6.98 Charge For USSD Transactions

The Central Bank of Nigeria (CBN) has imposed ₦6.98 service charge on Nigerians for all USSD transactions.Customers will pay a flat fee of N6.98...

CBN directs banks to begin scan-to-pay system

The Central Bank of Nigeria (CBN) has asked Deposit Money Banks (DMBs) to commence the adoption of the contactless payment service option.The NQR payment...

AGF secures CBN intervention for YUMSUK

The Accountant General of the Federation, Alhaji Ahmed Idris has vowed to continue to support Yusuf Maitama Sule University, Kano (YUMSUK) for the institution...

CBN receives 286 proposals for health research grants

The Central Bank of Nigeria has said that it received over 286 proposals from the public for grants under its Healthcare Sector Research and...

Why we introduced Naira 4 Dollar Scheme – CBN

The Central Bank of Nigeria has explained the reason for the introduction of the Naira 4 Dollar Scheme for Nigerians in the diaspora who are...

$25bn CBN overdraft: SERAP writes Buhari, seeks spending details of overdrafts since 1999

Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “provide spending details of the overdrafts and loans obtained from the Central...

CBN to Develop Economic  Viable Sectors in Nasarawa 

By Abel Leonard/ LafiaThe Central Bank of Nigeria, CBN says it will work with the Nasarawa state government towards developing economically viable sectors in...

CBN to implement N500bn facility to support non oil export growth

In its effort to improve Foreign Exchange Inflows, Central Bank of Nigeria (CBN) is set to aggressively implement N500 billion facility to support the...

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