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CBN

We have not devalued Nigeria’s naira, says CBN

By OLA Mudope (LAGOS) The Central Bank of  Nigeria (CBN) has dispelled rumours that it devalued the Naira, describing the news as fake. The CBN made the denial on Thursday in a statement by Isa AbdulMumin, CBN Acting Director, Corporate Communications. The
June 1, 2023

CBN raises baseline lending rate to 18.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 18.5 per cent from 18 per cent. The CBN Governor, Mr Godwin Emefiele, made this known on Wednesday in Abuja, after presenting
May 24, 2023

George-Taylor emerges as new MD/CEO Heritage Bank

By Ola Modupe (LAGOS) The Board of Directors of Heritage Bank has announced Mr Akinola George-Taylor as the substantive Managing Director/Chief Executive Officer of the bank. Mr Ozena Utulu, Group Head, Corporate Communications of the bank, said this in a statement on
April 16, 2023

CBN urged to track money transfer 48hrs to elections

A Non-Governmental Organisation (NGO), Speak Out Africa Initiative, has advised the Central Bank of Nigeria (CBN) to track all money transferred 48hrs to election day through the commercial banks. The Executive Director of the NGO, Mr Kenneth Eze, gave the advice at
February 24, 2023
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