Tag: CBN

CBN postpones MPC meeting, keeps mum on new date

CBN postpones MPC meeting, keeps mum on new date   The Central Bank of Nigeria has postponed the Monetary Policy Committee’s 293rd meeting, which was scheduled for September 25 and 26, 2023. A statement by the bank’s Director of Corporate Communications, Dr Isa AbdulMumin, said on Thursday. The statement read,[Read More…]

Meet CBN’s newly appointed deputy governors

Meet CBN’s newly appointed deputy governors President Bola Tinubu on Friday approved the nomination of four new Deputy Governors of the Central Bank of Nigeria pending confirmation by the Senate for a term of five years at the first instance. They are expected, when confirmed, to work with the newly[Read More…]

CBN reveals loan to FG rose to N23.18trn

CBN reveals loan to FG rose to N23.18trn The Central Bank of Nigeria (CBN) has published its financial report for the year ended December 31, 2022, almost two weeks after President Bola Tinubu appointed Jim Obazee, ex-CEO of FRC as special investigator to investigate the bank. The published report revealed[Read More…]

CBN promises to tackle forex pressure

CBN promises to tackle forex pressure   Folashodun Shonubi, Acting Governor of the Central Bank of Nigeria, pledged to tackle the mounting exchange rate pressure as the naira witnessed a decline against the dollar. BusinessDay reports that Shonubi made this commitment during a press interaction after the two-day Monetary Policy[Read More…]