Tag: CBN

CBN raises interest rate to 18.5%

The Monetary Policy Committee of the Central Bank of Nigeria, on Wednesday, unanimously voted to increase its monetary policy interest rates to 18.5 per cent. The PUNCH reports in March that the MPC of the bank voted to increase the benchmark interest rate by 50 basis points to 18 per[Read More…]

BVN won’t expire in 10 years, CBN

The Central Bank of Nigeria says the Bank Verification Number (BVN) issued in Nigeria remains for life and has no expiry date, as reported by a national newspaper. Its Acting-Director, Corporate Communications, Alhaji Isa Abdulmumin said this in a statement on Wednesday. He said the claim was completely false and[Read More…]