Central Bank of Nigeria (CBN)
Nigeria launches ‘digital naira’ pilot
Central bank issues $1.2 million in retail CBDC after clampdown on private crypto
Nigerian central bank will test prototype CBDC
“eNaira” will be tested in four cities, reaching a combined population of nearly 15 million
People: Former Malawi governor dies
RBNZ deputy governor departing; new appointments in Nigeria; and more
Nigerian central bank sacks board of third-largest lender
Central bank governor Emefiele says senior managers made large non-performing “insider loans”
People: IMF finance department director to retire
Third new board member at Colombia central bank; Nigeria appoints deposit insurance head; and more
Nigeria’s central bank unveils sandbox and QR guidelines
Both initiatives should help foster innovation within the payment space
Nigerian central bank freezes protestors’ accounts
Central bank says it is carrying out routine investigation, but protestors say it is targeting them
Nigeria’s central bank implements financial inclusion strategy targeted at women
Central bank wants to close financial services gender gap by 2024
Nigerian central bank cuts rates despite rising inflation
Country faces falling output and rising prices as general strike vote increases pressure
Nigerian president tells central bank to change forex policy
Central bank defends industrial subsidies and says border has been closed to prevent smuggling
Nigerian central bank clamps down on alleged FX breaches
Local media reports bank accounts for 38 firms were blocked as currency remains under pressure
Covid-19 policy-making and the need for high-speed data
High-frequency data holds the promise of speed and adaptability, but there are drawbacks
Confusion over Nigerian central bank’s exchange rate policy
Finance minister says rates will be unified while reports say real value of currency is falling
Nigeria slashes rates by 100bp
Central bank thinks stimulus package can still prevent the economy from entering recession
Nigeria gets $3.4 billion IMF support
IMF calls for more donor support but warns over possible misuse of aid
Nigerian central bank announces emergency measures
CBN will fund healthcare expansion and guarantee loans, and says currency will not be devalued
People: Nigeria and Latvia gain deputy governors
Bank of Israel says new bank supervisor will encourage technological innovation
People: Trump nominates Shelton and Waller to Fed posts
Judy Shelton and Christopher Waller nominated as Fed governors; further appointments in Nigeria and at the BIS
Nigerian central bank levies $1.3 billion on banks
Banks were fined over failure to increase lending to 60% of deposits, say local sources
People: Riksbank appoints new executive board member
Swedish central bank promotes Cecilia Skingsley to first deputy governor; FCA appoints three new board members; Nigerian president appoints former deputy governor as special adviser
Nigerian president tells central bank to stop funding food imports
Consequences of Buhari’s order are unclear but Nigeria imports large quantities of food
Central Bank of Nigeria holds rates and pushes for lending boost
CBN governor also announces new protectionist policy
Nigerian central bank pushes for increased lending
Banks must lend money or face higher cash reserve requirements
Nigerian governor unveils five-year plan
Emefiele makes ambitious growth promises and pledges better payments system and credit supply