Latest news from cbn

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. This is the third time the bank has intervened in the market this year. (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 stability in the 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 be launched in the next few months. (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. (Source: BusinessDay)
  5. CBN Introduces New Guidelines for Online Lending: The CBN has introduced new guidelines for online lending in Nigeria, aimed at promoting responsible lending and protecting consumers. The guidelines include requirements for lenders to disclose interest rates and fees, and to ensure that borrowers are not charged exorbitant rates. (Source: Premium Times)

Recent Decisions

  1. CBN Freezes Accounts of 38 Individuals and Companies: The CBN has frozen the accounts of 38 individuals and companies suspected of involvement in illegal activities, including money laundering and terrorism financing. (Source: The Nation)
  2. CBN Increases Cash Withdrawal Limit: The CBN has increased the daily cash withdrawal limit from N500,000 to N5 million for individuals and from N3 million to N10 million for corporate organizations. (Source: Leadership)
  3. CBN Introduces New Guidelines for Foreign Exchange Transactions: The CBN has introduced new guidelines for foreign exchange transactions, aimed at promoting transparency and reducing the risk of money laundering and terrorism financing. (Source: Daily Trust)

Upcoming Events

  1. CBN Monetary Policy Committee Meeting: The CBN Monetary Policy Committee is scheduled to meet on May 24-25 to review the economy and set monetary policy. (Source: BusinessDay)
  2. CBN Financial Inclusion Conference: The CBN is scheduled to host a financial inclusion conference on June 15-16, aimed at promoting financial inclusion and financial literacy in Nigeria. (Source: ThisDay)

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