CBN Archives — Page 2 of 2 — Integrity News Nigeria

1 Minute

Business: Interest rate rises to 18.5% to tame inflation

admin May 24, 2023 0 Comment

The Central Bank of Nigeria (CBN) has announced an increase in the monetary policy rate from the previous 18% to 18.5%. This adjustment marks the seventh consecutive rise since May 2022. The Monetary Policy...

2 Minutes

Nigeria’s foreign reserves jump to $36.624 billion – CBN

admin May 20, 2023 0 Comment

Nigeria’s foreign reserves made a significant improvement as it increased to $36.624 billion on May 15, 2023, from $36.500 billion on May 8. This is coming at a time when the Naira continues to...

1 Minute

CBN reacts to viral rumour, debunks ‘BVN expiry date’

admin May 11, 2023 0 Comment

The Central Bank of Nigeria, CBN, has debunked a viral report that says the Bank Verification Number (BVN) issued by the apex bank in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) expires after...

2 Minutes

CBN denies plans to phase out redesigned currencies

admin May 1, 2023 0 Comment

The Central Bank of Nigeria (CBN) has debunked rumours that it plans to phase out the newly redesigned Naira notes from circulation. CBN’s Acting Director, Corporate Communications Department, Isa Abdulmumin, made this known in...

2 Minutes

CBN discloses plan to close millions of bank accounts to combat fraud

admin April 8, 2023 0 Comment

The Central Bank of Nigeria (CBN) has disclosed a plan to close down millions of accounts in Nigerian banks. According to the apx bank, the decision is aimed at addressing the increasing incidents of...