Browsing: Cbn

The governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the members of the Monetary Policy Committee would do whatever is necessary to get a handle on the country’s persistent inflation. The CBN’s hawkish stance on inflation had become obvious from the first MPC meeting held in February, when the committee raised […]

The Socio-Economic Rights and Accountability Project, BudgIT, and 136 concerned Nigerians have filed a lawsuit against the Central Bank of Nigeria due to its failure to withdraw the cybersecurity levy. The plaintiffs described the circular as unlawful in the case filed last Friday at the Federal High Court FHC/L/CS/822/2024.

The House of Representatives Thursday asked the Central Bank of Nigeria to withdraw the circular instructing all banks to start applying a 0.5 percent cybersecurity levy on electronic transactions in the country, The Nation reports. The request to stop and adjust the implementation of the cybersecurity levy was raised […]

The Central Bank of Nigeria has ordered banks operating in the country to start charging a cybersecurity levy on transactions. A circular from the apex bank on Monday disclosed that the implementation of the levy would start two weeks from today. The circular was directed to all commercial, merchant, non-interest and payment service banks, among […]

The Chief Executive Officer of one of the leading cryptocurrency platforms in Nigeria, NoOnes, Ray Youssef, has revealed that peer-to-peer popularly known as P2P is probably like $500bn business in Nigeria alone. Youssef said this in an interview with Techpoint Africa on the heels of an imminent ban on cryptocurrency in the country. Speaking on…

The head of the Central Bank of Nigeria, Olayemi Cardoso, has revealed that the central bank is dedicated to improving financial and economic inclusion, and also making the formal money transfer channels better. In a statement on the bank’s website on Monday, Cardoso talked about the achievements, challenges, and future plans for Nigeria’s economy. Cardoso […]

The Federal Government has announced plans to pin down Ways and Means advances to address the issue of excessive money in the system and fight inflation. The Minister of Finance and Co-ordinating Minister of the Economy, Wale Edun, made this announcement in Washington DC after meeting with investors during the ongoing spring meetings of the […]

The Presidency stated on Tuesday that the efforts of the Yemi Cardoso-led Central Bank of Nigeria to stabilize the naira are in line with President Bola Tinubu’s approach to getting rid of bad actors and dishonest practices in the foreign exchange market. They also promised to keep fighting against fraudsters and advised Nigerians to be prepared for a continued campaign.

The CBN's inquiry is finished, and Tinubu expresses gratitude to the special investigator.

The Central Bank of Nigeria reported an inflow of over $1.5 billion into the economy recently, indicating that its monetary policy efforts are working positively. The bank’s Acting Director, Corporate Communications Department, Mrs. Sidi Ali, made the assertions in a statement made vailable to The PUNCH on […]