Central bank of nigeria latest news

Here are the latest news and 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. (Source: Vanguard)
  2. CBN Introduces New Guidelines for Microfinance Banks: The CBN has introduced new guidelines for microfinance banks to improve their operations and enhance financial inclusion. (Source: ThisDay)
  3. CBN to Implement Cashless Policy in 36 States: The CBN has announced plans to implement a cashless policy in 36 states across the country to reduce the use of cash and promote electronic payments. (Source: Punch)
  4. CBN Reduces Monetary Policy Rate to 12.5%: The CBN has reduced the monetary policy rate from 13.5% to 12.5% to stimulate economic growth and reduce inflation. (Source: BusinessDay)
  5. CBN Introduces New Guidelines for Digital Payment Service Providers: The CBN has introduced new guidelines for digital payment service providers to ensure the security and integrity of electronic payments. (Source: The Guardian)

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% to encourage savings and reduce inflation. (Source: Leadership)
  2. CBN Introduces New Guidelines for Credit Reference Bureaus: The CBN has introduced new guidelines for credit reference bureaus to ensure the accuracy and reliability of credit information. (Source: Daily Trust)
  3. CBN Increases Maximum Amount for Cash Withdrawal: The CBN has increased the maximum amount for cash withdrawal from N500,000 to N1 million to reduce the use of cash and promote electronic payments. (Source: The Nation)

Upcoming Events

  1. CBN Monetary Policy Committee Meeting: The CBN Monetary Policy Committee will hold its next meeting on [Date] to review the state of the economy and adjust monetary policy as necessary. (Source: CBN Website)
  2. CBN Financial Inclusion Conference: The CBN will host a financial inclusion conference on [Date] to discuss ways to increase financial inclusion and promote financial stability. (Source: CBN Website)

Please note that the information provided is subject to change and may not be up-to-date. It is always best to check the official CBN website or other reliable sources for the latest information.