Center bank of nigeria news

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

Recent News

  1. CBN Injects $210m into Foreign Exchange Market: The CBN has injected $210 million into the foreign exchange market to boost liquidity and stabilize the naira. This is part of the bank's efforts to maintain a stable exchange rate and ensure a smooth flow of foreign exchange to importers. (Source: Vanguard)
  2. CBN Introduces New Guidelines for Microfinance Banks: The CBN has introduced new guidelines for microfinance banks in Nigeria, aimed at promoting financial inclusion and improving the overall stability of the microfinance sector. The guidelines include requirements for capital adequacy, risk management, and corporate governance. (Source: ThisDay)
  3. CBN to Introduce Digital Currency: The CBN has announced plans to introduce a digital currency in Nigeria, which will be backed by the naira and will be used for transactions. The digital currency is expected to improve the efficiency and speed of transactions, as well as reduce the cost of transactions. (Source: Punch)
  4. CBN Reduces Monetary Policy Rate: The CBN has reduced the monetary policy rate (MPR) from 13.5% to 12.5%, in a bid to stimulate economic growth and boost lending to the private sector. The reduction in the MPR is expected to reduce the cost of borrowing and increase access to credit for businesses and individuals. (Source: BusinessDay)
  5. CBN to Implement New Guidelines for Bank Charges: The CBN has announced plans to implement new guidelines for bank charges, aimed at promoting transparency and fairness in the banking sector. The guidelines will require banks to disclose their charges and fees to customers, and to obtain their consent before deducting any charges. (Source: Leadership)

Recent Press Releases

  1. CBN Press Release: CBN Injects $210m into Foreign Exchange Market: The CBN has released a press statement announcing the injection of $210 million into the foreign exchange market. (Source: CBN Website)
  2. CBN Press Release: CBN Introduces New Guidelines for Microfinance Banks: The CBN has released a press statement announcing the introduction of new guidelines for microfinance banks in Nigeria. (Source: CBN Website)
  3. CBN Press Release: CBN to Introduce Digital Currency: The CBN has released a press statement announcing plans to introduce a digital currency in Nigeria. (Source: CBN Website)

Recent Speeches

  1. Speech by the Governor of the CBN at the 2023 Annual Bankers' Dinner: The Governor of the CBN, Godwin Emefiele, delivered a speech at the 2023 Annual Bankers' Dinner, where he discussed the bank's efforts to promote financial inclusion and stability in the banking sector. (Source: CBN Website)
  2. Speech by the Deputy Governor of the CBN at the 2023 International Conference on Financial Inclusion: The Deputy Governor of the CBN, Aisha Ahmad, delivered a speech at the 2023 International Conference on Financial Inclusion, where she discussed the bank's efforts to promote financial inclusion and improve access to financial services. (Source: CBN Website)

I hope this information is helpful!