CBN Archives - Page 2 of 3

REVEALED: How CBN Misappropriated N2.7Trillion Interests On Ways And Means

GISTSMATE 013 months ago06 mins

The Federal Government has accused the Central Bank of Nigeria (CBN) of misappropriating N2.73 trillion in interest payments on Ways and Means advances, spotlighting alleged irregularities in the management of public funds. This revelation came to light through the 2021 consolidated financial statement of the Federal Government, submitted to the National Assembly by the Auditor-General,…

World Bank Releases $1.5bn To Nigeria After Subsidy Removal, Tax Bills

GISTSMATE 013 months ago010 mins

The World Bank has released a $1.5bn loan to Nigeria following the Federal Government’s implementation of a few of its economic reforms, including removing fuel subsidies and introducing tax policies. This was after the apex bank said it had approved two operations: $1.5 billion for the Nigeria Reforms for Economic Stabilization to Enable Transformation (RESET)…

Access Bank Leads The Pack, Smashes CBN’s N500bn Capital Target Before Deadline

GISTSMATE 013 months ago04 mins

Access Holdings Plc has announced securing full regulatory approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) for its recently concluded Rights Issue. The issue involved 17,772,612,811 Ordinary Shares of 50 Kobo each, priced at N19.75 per share, successfully raising N351,009,103,017.25. This milestone positions Access Bank Plc, the Company’s…

BREAKING: CBN Sets Daily Withdrawal Limit On POS To N100k Per Customer

GISTSMATE 013 months ago04 mins

The Central Bank of Nigeria (CBN) has set a daily withdrawal limit on point-of-sale (PoS) terminals to N100,000 per customer. This was contained in a circular to all deposit money banks (DMBs), microfinance Banks, mobile money operators and super-agents, titled ‘Cash-out limits for agent banking transactions,’. The apex bank of Nigeria, CBN, said the restriction…

CBN Says 94% Of Cash In Circulation Outside Banks And Presently N4.3 Trillion

GISTSMATE 014 months ago14 mins

The Central Bank of Nigeria has revealed that more than 94 per cent of the cash in circulation in the country is outside the control of deposit banks, marking a significant year-on-year increase of N1.59 trillion in the amount of currency held outside banks. Data from the CBN’s money and credit statistics shows that a…

CBN Imposes N150m Fine On Banks Releasing New Notes To POS Operators, Others

GISTSMATE 014 months ago05 mins

The Central Bank of Nigeria (CBN) has announced a fine of ₦150 million on Deposit Money Banks found guilty of giving out illegal flow of mint naira notes to currency hawkers across the country. The move was after the apex bank addressed recent misinformation about the validity of the old N1000, N500, and N200 banknotes…

JUST-IN: CBN Clarifies Nigerians Over Old Naira Notes Expiring Date

GISTSMATE 014 months ago33 mins

The Central Bank of Nigeria (CBN) has reaffirmed that all versions of the naira, including the old and new designs of the N1000, N500, and N200 notes, as well as the commemorative and previous designs of the N100 note, remain valid legal tender without any expiration date. In a statement released on Friday, Mrs. Hakama…

BREAKING: CBN Raises Interest Rate To 27.5%

GISTSMATE 014 months ago05 mins

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates in the country to 27.50 percent — from 27.25 percent. Olayemi Cardoso, CBN’s governor, announced the committee’s decision at a press conference on Tuesday after the panel’s 298th meeting in Abuja. He…

CBN Send Fresh Warning To Banks, Directs Them To Load ATMs

GISTSMATE 015 months ago35 mins

The Central Bank of Nigeria (CBN) has directed banks to prioritise cash disbursement through automated teller machines (ATMs). CBN gave the directive in a circular to banks on Friday titled ‘Mystery shopping & spot checks on cash disbursement activities of deposit money banks (DMBs)”. In the circular signed by Solaja Olayemi, acting director, currency operations…

Emefiele: CBN Board Didn’t Recommend Naira Redesign To Buhari – Ex-Deputy Gov

GISTSMATE 015 months ago08 mins

An ex-Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Obiora has said there was no time the board of the bank recommended the 2022 nara redesign to then President Muhammadu Buhari. Obiora, who said he once served as a Special Adviser on Economic Matter to a former Governor of the CBN, Godwin Emefiele,…

Stop Insulting Leaders While Telling Them Your Problems – Sultan Cautions Nigerians

World Bank Approves Fresh $500 Million Loan To Nigeria For Economic Stimulus Program

Eid-l-Fitri: Prof. Ogundiran Fetes With Muslim Ummah, Prays For Divine Blessings

‘Testament Of Your Hardwork’, Prof Ogundiran Congratulates Oyo APC Chairman, Abass On Federal Appointment

VIDEO: How President Tinubu Threatened To Sack Wike As minister

My Wealthy Uncle Did Not Have N10,000 Cash During Naira Scarcity – Tinubu

CBN

REVEALED: How CBN Misappropriated N2.7Trillion Interests On Ways And Means

World Bank Releases $1.5bn To Nigeria After Subsidy Removal, Tax Bills

Access Bank Leads The Pack, Smashes CBN’s N500bn Capital Target Before Deadline

BREAKING: CBN Sets Daily Withdrawal Limit On POS To N100k Per Customer

CBN Says 94% Of Cash In Circulation Outside Banks And Presently N4.3 Trillion

CBN Imposes N150m Fine On Banks Releasing New Notes To POS Operators, Others

JUST-IN: CBN Clarifies Nigerians Over Old Naira Notes Expiring Date

BREAKING: CBN Raises Interest Rate To 27.5%

CBN Send Fresh Warning To Banks, Directs Them To Load ATMs

Emefiele: CBN Board Didn’t Recommend Naira Redesign To Buhari – Ex-Deputy Gov