CBN Archives - infodocnews

CBN Unveils New Financial Accounts For Nigerians In Diaspora To Boost Investments, Remittances

Grace1 day ago1 day ago06 mins

CBN Unveils New Financial Accounts For Nigerians In Diaspora To Boost Investments, RemittancesThe Central Bank of Nigeria (CBN) yesterday announced the introduction of the Non-Resident Nigerian Ordinary Account (NRNOA) and Non-Resident Nigerian Investment Account (NRNIA) which aim at enhancing foreign capital inflows through investments and remittances by Nigerians in the diaspora. While the NRNOA enables…

CBN Suspends Export Proceeds Repatriation Extension

Grace3 days ago3 days ago02 mins

The Central Bank of Nigeria (CBN) has announced the suspension of approvals for the extension of export proceeds repatriation on behalf of exporters The directive was issued through a circular dated January 8, 2025, take immediate effect. The suspension applies to both oil and non-oil export transactions. The move according to the apex bank, aims…

CBN To Retire 1,000 Employees With ₦50 Billion Severance Package.

Grace1 month ago1 month ago07 mins

The Central Bank of Nigeria set to retire approximately 1,000 employees by the end of the year, according to reliable sources within its headquarters. The retirement exercise is expected to cost the apex bank over ₦50 billion in severance packages. The CBN Board of Governors, chaired by Olayemi Cardoso, has described the move as part…

CBN to launch new website today

rebecca1 month ago03 mins

The Central Bank of Nigeria has announced that it will officially launch its redesigned website today, December 2, 2024. In a statement signed on Sunday by the acting Director of Corporate Communications, Sidi Ali, the bank said the new website will become operational today. The statement reads, “The bank has developed a contemporary Web API…

CBN Raises Interest Rate To 27.5 %

Grace2 months ago2 months ago02 mins

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR) by 25 basis points to 27.50 percent from the previous rate of 27.25 percent. Mr Yemi Cardoso Central Bank of Nigeria Governor who announced this at a press conference on Tuesday said the MPC retained…

CBN extends BDC operators recapitalisation deadline by six months

rebecca2 months ago03 mins

The Association of Bureaux De Change Operators of Nigeria has announced that the Central Bank of Nigeria has extended the deadline for Bureau de Change operators to meet the new recapitalisation requirements by an additional six months. This extension, confirmed by ABCON President Aminu Gwadebe during a virtual general meeting on Monday, moves the new…

Withdraw old naira notes,circulate new notes Reps tell CBN

rebecca3 months ago05 mins

House of Representatives has tasked the Central Bank of Nigeria (CBN) with the need to sensitise Nigerians about the non-legal tender status of the old naira notes from the 1st of January, 2025. The resolution was passed in sequel to the adoption of a motion of urgent national importance sponsored by the Leader of the…

Makinde to issue appointment letter to Alaafin-designate despite opposition

Lagos govt orders unapproved private schools to register

Kano govt to distribute free school uniform to over 700 pupils

Nigerian Delegation Arrives China to Strengthen Chino-Nigeria Relations

Aiyedatiwa pardons 40 prisoners on 60th birthday

Africa Investment Forum 2024 secures $7.6bn for Nigeria – AfDB president

Makinde to issue appointment letter to Alaafin-designate despite opposition

Lagos govt orders unapproved private schools to register

Kano govt to distribute free school uniform to over 700 pupils

Nigerian Delegation Arrives China to Strengthen Chino-Nigeria Relations

Aiyedatiwa pardons 40 prisoners on 60th birthday

Africa Investment Forum 2024 secures $7.6bn for Nigeria – AfDB president

CBN

CBN Unveils New Financial Accounts For Nigerians In Diaspora To Boost Investments, Remittances

CBN Suspends Export Proceeds Repatriation Extension

CBN To Retire 1,000 Employees With ₦50 Billion Severance Package.

CBN to launch new website today

CBN Raises Interest Rate To 27.5 %

CBN extends BDC operators recapitalisation deadline by six months

Withdraw old naira notes,circulate new notes Reps tell CBN