CBN retains MPR at 13.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 13.5 percent while other policy parameters remained constant. The CBN Governor, Godwin Emefiele, disclosed this after the MPC’s meeting in Abuja on Tuesday. Emefiele said all the 11 members of the committee attended the meeting […]
CBN votes N500m for recycling of old Naira notes, others
Worried by negative impact of disposing of expired naira notes through burning on the environment, the Central Bank of Nigeria, CBN, disclosed yesterday that it has set aside a total sum of N500 million for the recycling of old bank notes and other hazardous electronic materials that constitute environmental hazards.
BREAKING: 28 million bank customers have no credit history — CBN
The Central Bank of Nigeria (CBN) has said that 28 million bank customers have no credit history, meaning that they never received loans from their banks.
CBN to license more firms for currency processing – Okoroafor
Babajide Komolafe The Central Bank of Nigeria (CBN) said on Tuesday it would grant licenses to more firms willing to operate Cash-In-Transit and Currency Processing (CP) operations across the country. The Director of Corporate Communications Department, CBN, Mr. Isaac Okoroafor, disclosed this while speaking on the revised guidelines for the registration of Cash-In-Transit and Currency […]
BREAKING: CBN will license more firms for currency processing, cash-in-transit operations — Okoroafor
The Central Bank of Nigeria (CBN) has said that it is ready to license more firms to operate Cash-In-Transit and Currency Processing (CP) operations across the country.
Updated: Cash-In-Transit firms must have N1bn to operate nationwide — CBN
The Central Bank of Nigeria (CBN) has said that Cash-in-Transit (CIT) companies must have a minimum capital of N1 billion to obtain a national licence.
