Ways and Means: Representatives to hold emergency session on Sunday to amend CBN Act

The House of Representatives will hold an emergency session on Sunday on the amendment Central Bank of Nigeria (CBN) Act, The bill was introduced in the House on Thursday by the chairman of the House Committee on Banking and Finance, Victor Kocolo (PDP, Delta) and was passed by the lawmakers for a second reading without … Read more

Senate holds emergency plenary meeting on CBN Act, approves Federal Government’s request – Royal Times of Nigeria

The Senate of the Federal Republic of Nigeria held an emergency plenary session today which was presided over by the President of the Senate, Dr. Ahmed Ibrahim Lawan. Plenary held to amend the Central Bank of Nigeria, CBN, Act with an increase in the Act from five percent to fifteen percent The sponsor of the … Read more

CBN issues guide on usage of SabiMONI platform

Central bank of Nigeria (CBN)

Central Bank of Nigeria (CBN) has issued procedures on how people can create profiles on the new digital financial literacy platform called SabiMoney. Last week, Ayesha Ahmed, deputy governor of the apex bank, announced That the bank has developed the SabiMONI e-learning platform. In a thread of tweets with image illustrations posted on its official … Read more

Senate Increases CBN Ways and Means Advance to 15% Ahead of Tinubu’s Inauguration

Senate hikes CBN Ways and Means advance to 15% ahead of Tinubu’s inauguration – BusinessDay NG news BDLead Home news Senate Increases CBN Ways and Means Advance to 15% Ahead of Tinubu’s Inauguration https%3A%2F%2Fbusinessday.ng%2Fnews%2Farticle%2Fsenate-jerks-up-cbn-ways-means-advances-to-15-ahead-of-tinubus-inauguration%2F

CBN Act: Senate holds emergency plenary session, approves FG’s request

The Senate of the Federal Republic of Nigeria held an emergency plenary meeting on Saturday, which was presided over by the President of the Senate, Dr. Ahmed Ibrahim Lawan. Plenary held to amend the Central Bank of Nigeria, CBN, Act with an increase of 5% to 15%. The sponsor of the bill, Senator Gobir Ibrahim … Read more

CBN conducts eNaira sensitization campaign for UNILAG women

The Central Bank of Nigeria (CBN) has launched eNaira sensitization campaign for women at the University of Lagos (UNILAG) during the institution’s recent Law Ladies Day event. The post CBN launches eNaira sensitization campaign for UNILAG women appeared first on The Guardian Nigeria News – Nigeria and World News. https%3A%2F%2Fguardian.ng%2Fguardian-woman%2Fcbn-takes-enaira-sensitisation-drive-to-unilag-women%2F

Tough times for businesses as CBN raises rates again

Businesses operating in Africa’s biggest economy are in for tough times after the Central Bank of Nigeria (CBN) raised interest rates for a record seventh consecutive time to 18.5 percent on Wednesday. Lending to the private sector has slowed since the CBN launched an aggressive rate hike in May 2022 to tame rising inflation. With … Read more

BREAKING: CBN hikes interest rate to 18.5%

CBN Headquarters in Abuja

Central Bank of NigeriaThe Reserve Bank of India on Wednesday raised its benchmark lending rate to 18.5 per cent from 18 per cent, to contain inflationary pressure in the country. The announcement was made by CBN Governor Godwin Emefile on Wednesday after the bank’s Monetary Policy Committee (MPC) meeting that began on Tuesday. Addressing reporters … Read more