Tag: Central Bank of Nigeria

Manufacturing Sector at Risk: Will Interest Rate Hike Fuel Nigeria’s Recession?

by Rate Captain

May 26, 2023

The recent decision by the Central Bank of Nigeria (CBN) to raise the monetary policy rate (MPR) from 18 percent ...

What Nigerian should know about the new Dual-Purpose Debit Card and National Identity Card

by Rate Captain

May 25, 2023

In a significant development, the Federal Government of Nigeria has announced that commercial banks in the country can now issue ...

FG approves NIN, debit card merger.

by Rate Captain

May 25, 2023

The Federal Executive Council has granted approval to a memorandum presented by the National Identity Management Commission (NIMC), allowing commercial ...

CBN Excludes NSPMC from Approved Cheque Printers.

CBN revocation of Microfinance Bank Licenses Sends Shockwaves Through Nigeria’s Economy. Here’s how it affects you.

by Rate Captain

May 25, 2023

Recently, the Central Bank of Nigeria (CBN) made a significant move by revoking the operating licenses of several microfinance banks, ...

Confusion deepens as the uncertainty of the old naira deadline persists.

Resurgence of Cash Hoarding in Nigeria Raises Concerns.

by Rate Captain

May 23, 2023

Following the relaxation of currency redesign and cashless measures by the Central Bank of Nigeria (CBN), indications suggest that Nigerians ...

CBN bans foreign bank representative offices from engaging in banking business in Nigeria..

CBN Monetary Policy Committee to Address Interest Rates Amidst Economic Challenges

by Rate Captain

May 23, 2023

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is set to convene its third meeting of ...

Dangote refinery to save Nigeria over $25 billion- Emefiele

by Rate Captain

May 23, 2023

In a significant development for Nigeria's economy, the Dangote Refinery and Petrochemical facility was inaugurated by President Muhammadu Buhari on ...