These deposits form part of the regulatory tools used by the CBN to manage the money supply, control inflation, and maintain monetary stability. CRR, which stands for Cash Reserve Ratio ...

ABCON President, Dr Aminu Gwadabe, said this in an interview with the News Agency of Nigeria in Lagos after a stakeholders meeting with CBN. NAN reports that CBN in May 2024 issued new operational ...

The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has launched the Non-Resident Bank Verification Number (NRBVN) platform. The new platform ...

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The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) “over the failure to disclose the details of any direct payments to the ...

The Central Bank of Nigeria (CBN) has continued to establish strong measures to attract more dollars into the economy and reduce the negative impact of ongoing crude oil prices drop on domestic ...

MPC, CBN’s highest decision-making body, will be saddled with the huddle of either tightening its monetary stance or maintaining the interest rate at 27.50 percent. This comes as Nigeria’s ...

With the launch of the Non-Resident Bank Verification Number (NRBVN), yesterday in Abuja, the CBN has systematically eliminated barriers that once restrained Nigerians abroad from making seamless ...

The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) has launched the Non-Resident Bank Verification Number (NRBVN) platform. The innovative ...

The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has officially launched the Non-Resident Bank Verification Number (NRBVN) platform.

The Central Bank of Nigeria (CBN) has reassured Nigerians of the stability and soundness of the country’s banking sector, urging the public to disregard misleading reports circulating on social ...