CBN Launches New Benchmark Interest Rate to Boost Financial Market Transparency
The Central Bank of Nigeria (CBN) has launched the Nigerian Overnight Financing Rate (NOFR), a new transaction-based benchmark interest rate ...
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Tag: #CBN
CBN Orders Banks, Fintechs to Store Payment Data Locally from 2027
The Central Bank of Nigeria (CBN) has directed banks, fintech companies, and other payment service providers to store all payment ...
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Naira Edges Higher Against Euro Amid Improved FX Stability and CBN Policy Support
The Nigerian Naira recorded a slight appreciation against the Euro in the fourth trading session of the week, according to ...
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CBN Governor Cardoso Wins Central Bank Governor of the Year Award in London
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has received the Central Bank Governor of the Year ...
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Naira Holds Steady at N1,361/$ as CBN Interventions Support Currency Stability
The Nigerian naira recorded relatively stable trading movements in the first half of the week, settling at around N1,361 to ...
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CBN Mops Up N3.04tn Through Oversubscribed OMO Auction
The Central Bank of Nigeria (CBN) absorbed N3.04 trillion from the banking system through a single Open Market Operations (OMO) ...
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CBN Introduces N100 Million Fine for Banks Over Undocumented FX Transactions
The Central Bank of Nigeria (CBN) has unveiled a major revision of its foreign exchange regulatory framework. The new rules ...
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Reps Committee Recovers N521.77m VAT from CBN Over Remita Transactions
The House of Representatives Public Accounts Committee has recovered N521.77 million in unremitted Value Added Tax (VAT) from the Central ...
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CBN Raises Foreign Tuition Remittance Cap to $25,000 per Semester in FX Reform Push
The Central Bank of Nigeria (CBN) has increased the maximum foreign exchange (FX) tuition fee remittance for Nigerian students studying ...
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Abbey Mortgage Bank Secures CBN Approval to Become Commercial Bank
Abbey Mortgage Bank Plc has secured regulatory approval from the Central Bank of Nigeria (CBN) to convert into a commercial ...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.