CBN reduces Monetary Policy Rate to 27%
The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points, from 27.5 percent to 27 percent.
Disclose any payment to local govts, explain why Rivers councils are paid, SERAP tells CBN
Socio-Economic Rights and Accountability Project (SERAP) has urged the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso to “immediately disclose whether the bank has commenced the direct disbursement of allocations to the 774 local government councils in Nigeria from the Federation Account with the CBN and to widely publish the amounts, if any, so far directly sent to each of the councils.”
CBN records 41.3% decline in loss to N680.62bn
The Central Bank of Nigeria, CBN recorded a 41.3 percent year-on-year, YoY decline in loss to N680.62 billion loss in the financial year ending December 31st 2024 from N1.16 trillion loss recorded in 2023.
CBN announces revised documentation requirements for PAPSS transactions
The Central Bank of Nigeria (CBN) has announced revised documentation requirements for transactions conducted through the Pan-African Payment and Settlement System (PAPSS) in Nigeria.
CBN will double efforts to sustain reform gains – Cardoso
*Says Nigeria is increasingly recognised as a rising economic force By Babajide Komolafe & Emma Ujah, Washington DC Governor Central Bank of Nigeria, CBN, Mr. Olayemi, has said that the apex bank will redouble its efforts to sustain the gains of recent reforms and achieve a single-digit inflation rate. Cardoso said this while speaking alongside […]
CBN will strengthen processes to sustain confidence in Nigeria – Cardoso assures investors
Governor, Central Bank of Nigeria, CBN, Mr. Olayemi Cardoso yesterday assured the global investment community that the apex bank will strengthen its processes so as to sustain gains from recent reforms and confidence in the economy.
