Cenrral babk nigeria news

Here are some recent news updates about Central Bank of Nigeria (CBN):

Recent News

  1. CBN Introduces New Guidelines for Digital Payments: The CBN has introduced new guidelines for digital payments in Nigeria, aimed at promoting the adoption of digital payment systems and reducing cash transactions. (Source: Punch)
  2. CBN Injects $210m into Foreign Exchange Market: The CBN has injected $210 million into the foreign exchange market to boost the supply of foreign exchange and stabilize the naira. (Source: Vanguard)
  3. CBN to Introduce New Naira Notes: The CBN has announced plans to introduce new naira notes, which will feature enhanced security features to combat counterfeiting. (Source: ThisDay)
  4. CBN to Review Monetary Policy Rate: The CBN has hinted that it may review the monetary policy rate (MPR) at its next monetary policy committee (MPC) meeting, in response to changes in the global economy. (Source: BusinessDay)
  5. CBN to Implement Cashless Policy: The CBN has announced plans to implement a cashless policy in Nigeria, aimed at reducing cash transactions and promoting digital payments. (Source: Daily Trust)

Recent Decisions

  1. CBN Increases Interest Rate on Savings Accounts: The CBN has increased the interest rate on savings accounts from 1.5% to 2.5%, in a bid to encourage savings and reduce inflation. (Source: The Guardian)
  2. CBN Introduces New Guidelines for Microfinance Banks: The CBN has introduced new guidelines for microfinance banks, aimed at promoting financial inclusion and reducing the risk of default. (Source: Leadership)
  3. CBN Increases Maximum Amount for Cash Withdrawals: The CBN has increased the maximum amount for cash withdrawals from N500,000 to N1 million, in a bid to reduce cash transactions and promote digital payments. (Source: Punch)

Recent Speeches

  1. CBN Governor's Speech at the 2023 Economic Outlook Conference: The Governor of the CBN, Godwin Emefiele, delivered a speech at the 2023 Economic Outlook Conference, where he discussed the state of the economy and the CBN's plans to promote economic growth. (Source: CBN Website)
  2. CBN Deputy Governor's Speech at the 2023 Banking and Finance Conference: The Deputy Governor of the CBN, Edward Adamu, delivered a speech at the 2023 Banking and Finance Conference, where he discussed the role of the banking sector in promoting economic growth. (Source: CBN Website)