Central bank news nigeria

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

Recent News

  1. CBN Injects $210m into Foreign Exchange Market: The CBN injected $210 million into the foreign exchange market to boost liquidity and stabilize the naira. (Source: Vanguard)
  2. CBN Introduces New Guidelines for Microfinance Banks: The CBN has introduced new guidelines for microfinance banks to improve their operations and reduce the risk of default. (Source: ThisDay)
  3. CBN to Introduce Digital Currency: The CBN is planning to introduce a digital currency to reduce the use of cash and increase financial inclusion. (Source: Punch)
  4. CBN Reduces Monetary Policy Rate to 12.5%: The CBN reduced the monetary policy rate from 13.5% to 12.5% to stimulate economic growth and reduce inflation. (Source: Premium Times)
  5. CBN Introduces New Guidelines for Online Lending: The CBN has introduced new guidelines for online lending to regulate the activities of fintech companies and protect consumers. (Source: BusinessDay)

Recent Decisions

  1. CBN Increases Interest Rate on CRR: The CBN increased the interest rate on the Cash Reserve Ratio (CRR) from 22.5% to 25% to reduce liquidity in the system and curb inflation. (Source: The Guardian)
  2. CBN Introduces New Guidelines for Foreign Exchange Transactions: The CBN introduced new guidelines for foreign exchange transactions to improve transparency and reduce the risk of currency manipulation. (Source: Leadership)
  3. CBN Increases Minimum Capital Requirement for Banks: The CBN increased the minimum capital requirement for banks from N25 billion to N40 billion to improve their capital adequacy ratio and reduce the risk of bank failures. (Source: Daily Trust)

Recent Speeches and Statements

  1. CBN Governor's Speech at the 2022 Annual Bankers' Dinner: The Governor of the CBN, Godwin Emefiele, delivered a speech at the 2022 Annual Bankers' Dinner, where he discussed the challenges facing the economy and the CBN's efforts to address them. (Source: CBN Website)
  2. CBN's Statement on the 2022 Monetary Policy Committee Meeting: The CBN released a statement after its 2022 Monetary Policy Committee meeting, where it discussed the current state of the economy and the outlook for the future. (Source: CBN Website)

I hope this information is helpful!