CBN Clarifies New 75% Cash Reserve Rule, Assures Public Sector Funds Remain Accessible
The Central Bank of Nigeria (CBN) has assured government agencies and entities that the new 75 percent cash reserve ratio ...
Tag: CBN
System Liquidity Hits Record N5.73tn After CBN Rate Cut, but Credit Access Still Tight for Businesses
Liquidity in Nigeria’s financial system surged to an unprecedented N5.73 trillion on Monday, up from N4.02 trillion the previous Friday, ...
CBN Rate Cut Aims to Ease Borrowing Costs and Boost Small Business Growth
The Central Bank of Nigeria has announced a 50 basis points reduction in the Monetary Policy Rate, lowering it from ...
CBN Cuts Interest Rate to 27% in First Policy Shift of 2025, Businesses Call Move Too Small
Nigeria’s Central Bank has cut the country’s benchmark interest rate to 27 per cent, marking the first reduction in five ...
CBN Unveils Nigeria Payments System Vision 2028 to drive Digital Finance and Inclusion
The Central Bank of Nigeria (CBN) has launched the Nigeria Payments System Vision 2028 (PSV 2028), a new framework designed ...
CBN Creates Compliance Department to Strengthen Oversight, Tackle Financial Fraud
The Central Bank of Nigeria (CBN) has formally announced the establishment of a dedicated Compliance Department, a move aimed at ...
CBN Backs Export-Oriented Manufacturing to Boost Nigeria’s Forex Earnings
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called for incentives to be directed at manufacturers ...
CBN Directs Geo-Tagging of PoS Terminals Within 60 Days, Restricts Use to Registered Locations
The Central Bank of Nigeria (CBN) has directed that all Point of Sale (PoS) devices in the country must be ...
CBN Injects $50 Million to Stabilise FX Market as Reserves Hit Three-Year High
The Central Bank of Nigeria (CBN) has intervened in the foreign exchange market with a $50 million injection to ease ...
CBN Says Over One Million Farmers Benefited From Agricultural Schemes, Millions of Jobs Created
The Central Bank of Nigeria has announced that more than 1.14 million farmers have taken part in producing 17 different ...
