Central bank of nigeria news

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 non-performing loans. (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 Electronic Payment Systems: The CBN has introduced new guidelines for electronic payment systems to improve the efficiency and security of electronic transactions. (Source: BusinessDay)

Recent Decisions

  1. CBN Increases Interest Rate on CRR to 22.5%: The CBN increased the interest rate on the Cash Reserve Requirement (CRR) from 20% to 22.5% 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 the management of foreign exchange and reduce the use of foreign exchange for speculative purposes. (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 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 banking industry 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 on the outcome of the 2022 Monetary Policy Committee meeting, where it discussed the current state of the economy and the CBN's monetary policy decisions. (Source: CBN Website)

I hope this information is helpful!