Why we’ll closely monitor banks’ compliance with new minimum recapitalization—CBN
*Removes limit on PAPSS for trade payment services The Central Bank of Nigeria has vowed to closely monitor the Nigerian…
CBN
Reps query OAGF’s payment of N15bn to Remita, accuse CBN of complicity
The House of Representatives Public Accounts Committee (PAC) has queried the payment of N15 billion to Remita, a payment platform…
CBN raises commercial banks minimum capital base to N500bn
The Central Bank of Nigeria has raised the capital base for commercial banks with international authorization to N500bn and national…
CBN increases inter-bank interest rate to 24.75%
The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, raised Monetary Policy Rate, MPR, – inter-bank loan…
CBN clears $1.5bn outstanding FX transactions
The Central Bank of Nigeria, CBN, has cleared all valid foreign exchange backlogs. The apex regulatory institution made the disclosure…