Current cbn news

Here are the latest 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 the third time the bank has intervened in the market this month. (Source: Vanguard)
  2. CBN to Introduce New Guidelines for Microfinance Banks: The CBN has announced plans to introduce new guidelines for microfinance banks in Nigeria. The guidelines aim to improve the operations and stability of microfinance banks in the country. (Source: ThisDay)
  3. CBN to Review Interest Rates: The CBN has hinted that it may review interest rates in Nigeria to stimulate economic growth. The bank's governor, Godwin Emefiele, said that the review of interest rates is necessary to boost economic activity and reduce the cost of borrowing. (Source: Punch)
  4. CBN to Implement New Cashless Policy: The CBN has announced plans to implement a new cashless policy in Nigeria. The policy aims to reduce the use of cash in transactions and promote electronic payments. (Source: Daily Trust)
  5. CBN to Provide N500bn Credit to Farmers: The CBN has announced plans to provide N500 billion credit to farmers in Nigeria. The credit facility is aimed at boosting agricultural production and improving food security in the country. (Source: Leadership)

Recent Decisions

  1. CBN Increases Interest Rate to 14%: The CBN has increased the interest rate to 14% to curb inflation and stabilize the naira. The increase in interest rate is expected to reduce borrowing and stimulate economic growth. (Source: BusinessDay)
  2. CBN Intervenes in Foreign Exchange Market: The CBN has intervened in the foreign exchange market to stabilize the naira and boost liquidity. The bank has injected $100 million into the market to meet demand for foreign exchange. (Source: The Nation)
  3. CBN Suspends Microfinance Banks' Operations: The CBN has suspended the operations of some microfinance banks in Nigeria due to regulatory breaches. The suspension is aimed at protecting depositors' funds and maintaining financial stability. (Source: Premium Times)

Upcoming Events

  1. CBN Monetary Policy Committee Meeting: The CBN's Monetary Policy Committee (MPC) is scheduled to meet on March 22-23 to review the country's economic situation and decide on interest rates and other monetary policy instruments. (Source: CBN)
  2. CBN's 2023 Budget Presentation: The CBN is expected to present its 2023 budget to the National Assembly in April. The budget is expected to outline the bank's plans and priorities for the year. (Source: CBN)

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