Tag: CBN

CBN speaks on Inflation Rate

CBN speaks on Inflation Rate     The Central Bank of Nigeria’s governor, Olayemi Cardoso, has assured that the Monetary Policy Committee will take all necessary measures to combat and control the country’s ongoing inflationary pressures.   The CBN’s hawkish stance on inflation had become obvious from the first MPC[Read More…]

CBN directs banks to charge 0.5% cybersecurity levy

CBN directs banks to charge 0.5% cybersecurity levy The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to implement a 0.5 percent cybersecurity levy on transactions. This is contained in a circular signed by Chibuzor Efobi, director of payments system management and Haruna Mustafa, director of[Read More…]

CBN’s Foreign Currency Collateral directive: NACCIMA insists Customs charge duties in Naira

CBN’s Foreign Currency Collateral directive: NACCIMA insists Customs charge duties in Naira   The Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture has demanded that the duties collected by the Nigeria Customs Service be charged in Naira rather than in foreign currency. NACCIMA President, Dele Oye, stated this[Read More…]