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Tag Archives: Central Bank of Nigeria

CBN Withdraw New ATM Charges

NIGERIANS are once again being subjected to another round of difficulty in accessing services being provided by government and private institutions. Just weeks after the coming into effect of a hike in phone services, they are also faced with another in accessing their hard-earned money. The Central Bank of Nigeria …

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CBN Retains Interest Rate at 27.5%

The Central Bank of Nigeria (CBN) has retained the interest rate at 27.50 per cent. This was after the Monetary Policy Committee (MPC) of the CBN, on Thursday, February 20, 2025, voted unanimously to retain the Monetary Policy Rate (MPR), which is the baseline lending rate, at 27.50 per cent. …

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CBN Introduces Special Accounts For Diaspora Nigerians

THE Central Bank of Nigeria has launched two new accounts—the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA)—to let Nigerians living abroad invest and manage their funds. The initiative was revealed on Friday in a circular signed by the acting director of the CBN’s Trade and …

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Private Sector Debt Hits N76trn As Interest Rates Soar

NIGERIA’s private sector borrowed an additional N1.89 trillion from banks in November 2024, bringing total credit to N75.96trn. This was a significant increase from N74.07trn recorded in the previous month despite persistent interest rate hikes by the Central Bank of Nigeria under the leadership of Governor Yemi Cardoso. The rise …

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Disengaged Staff Members Sue CBN, Demand N30bn Compensation

FORMER staff members of the Central Bank of Nigeria (CBN), who were dismissed in a mass layoff last year, have sued the apex bank. In a court document seen by TheCable, on Monday, the workers alleged that the CBN violated internal policies, Nigerian labour laws, and their contractual rights. The …

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Dollar To Naira Exchange Rate For Today 31 December 2024

Find below, the Dollar to Naira exchange rate for today, 28 December 2024. Newsextra24 has obtained the official dollar to the naira exchange rate in Nigeria today, including the Bureau De Change (BDC) rate and CBN rates. What Is The Official Exchange Rate For Dollar To Naira Today? The exchange rate between the Naira and the …

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