April 14, 2023
Nigeria: CBN Warns Nigerians to Steer Clear of Fake Recruitment Portal
The Central Bank of Nigeria (CBN) yesterday warned Nigerians to disregard a fake recruitment portal purportedly floated by the bank. Read more »
April 07, 2023
Nigeria: $800m World Bank Support - NECA Urges Govt to Prioritise Fixing Refineries Above Sharing Palliatives
The Nigeria Employers' Consultative Association (NECA) has called on the federal government to prioritise fixing the country's comatose refineries instead of the proposed sharing… Read more »
March 15, 2023
Nigeria: Banks Begin Dispensing of Old N500, N1, 000 Notes Via ATMs, Over-the-Counter
Following a Central Bank of Nigeria (CBN) directive on Monday that the old N500 and N1, 000 remain legal tender in line with a Supreme Court ruling, banks have started dispensing… Read more »
March 13, 2023
Nigeria: Nigeria's Signature Bank - We Have No Affiliation With Collapsed New York Financial Institution
Nigeria's Signature Bank Limited on Monday clarified that it does not have any affiliation with Signature Bank, New York, that was shut down by United States financial regulators… Read more »
February 14, 2023
Nigeria: Does the Supreme Court Have Original Jurisdiction Over Naira Deadline Case?
The epic battle over the retention or ban of old Naira currency notes in the 200, 500 and 1,000 denominations shifted to the Supreme Court last week, when the Attorneys-General of… Read more »
February 09, 2023
Nigeria: Sterling Bank Denies Stashing N258m New Naira Notes In Vault
Sterling Bank yesterday denied claims made by the Independent Corrupt Practices Commission (ICPC) that it stashed N258 million of the newly redesigned naira notes in its vault at… Read more »
Nigeria: CBN Directs Banks, Others to Guard Against Terrorism-Related Transactions
The Central Bank of Nigeria (CBN) has directed commercial banks, other financial institutions(OFIs) under its regulation and payment service providers to search through their… Read more »
February 08, 2023
Nigeria: Supreme Court Temporarily Halts Govt From Banning Old Naira Notes
Adjourns till February 15 Read more »
February 03, 2023
Nigeria: CBN Authorises Over-the-Counter Payment of New Naira Notes
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday directed deposit money banks (DMBs) to commence payment of the redesigned naira notes over the… Read more »
February 02, 2023
West Africa: AfDB Approves U.S.$50 Million, €50 Million Trade Finance Credit Line for ECOWAS Bank
-Bank partners Government of Canada to fund SMEs, agric Read more »
January 31, 2023
Nigeria: CBN Will Accept Old Naira Notes After Feb. 10 Deadline - Emefiele
The Governor of Central Bank of Nigeria, Mr Godwin Emefiele, has said that the apex bank would still accept the old naira notes after the February 10 deadline. Read more »
February 01, 2023
Nigeria: Analysts Laud CBNs Stance On Tightening MPR, Cautions Further Increase Would Reduce Lending
Analysts have applauded the decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to raise the Monetary Policy Rate (MPR) by 100bps to 17.5 per cent,… Read more »
January 30, 2023
Nigeria: CBN Deploys 30,000 Agents Nationwide to Boost Cash Swap As Buhari Approves Deadline Extension
The Central Bank of Nigeria (CBN) has deployed 30,000 super agents nationwide to enhance its cash swap initiative in the hinterlands, rural areas and regions underserved by banks… Read more »
January 27, 2023
Nigeria: CBN Stops Dollar Charges On Domestic Card Transactions
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday declared that going forward, dollar charges on all domestic cards and online transactions would… Read more »
January 26, 2023
Nigeria: Naira Redesign - Nobody Will Be Harassed for Returning Old Banknotes, Emefiele Assures
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday said no one will be harassed by the anti-graft agencies for depositing the old naira notes… Read more »
January 25, 2023
Nigeria: CBN Officials Monitor Cash Swap Policy Ahead of Deadline
-Youth groups back apex bank's stance Read more »
Nigeria: What Nigerians Expect From Insurance Operators in 2023
As insurance operators double efforts to realise their insurance penetration dreams, Ebere Nwoji reports that members of the insuring public expect much from the operators this… Read more »
January 24, 2023
Nigeria: Deadline Will Not Be Extended, CBN Warns Nigerians Holding Old Currency
For the umpteenth time, the Central Bank of Nigeria (CBN) has reiterated that the January 31 deadline to turn in the old naira notes will not be extended. Read more »
Nigeria: Old Naira Notes - Senate Urges CBN to Extend Deadline to July 31
The Senate on Tuesday appealed to the Central Bank of Nigeria (CNN) to extend the deadline for the exchange of old naira notes from the January 31 deadline to July 31, 2023. Read more »
Nigeria: CBN Raises MPR to 17.5%
*Insists January 31 deadline for return of old naira notes stands Read more »
Nigeria: Osun Residents Lament Scarcity of New Naira Notes, Seek Extension of Deadline
-No going back on deadline, CBN reiterates Read more »
January 23, 2023
Nigeria: CBN Harps On Adoption of Digital Banking Channels, Moves Against Banks Loading Old Notes
With seven days to the January 31, 2023 deadline for the phasing out of the old N200, N500 and N1, 000 banknotes, the Central Bank of Nigeria (CBN) at the weekend reiterated the… Read more »
January 20, 2023
Nigeria: Naira Redesign - CBN May Increase Money Supply to Boost Availability of New Banknotes
The Central Bank of Nigeria (CBN) yesterday said it would take appropriate measures where necessary to increase money supply in order to boost the availability of the redesigned… Read more »
January 19, 2023
Nigeria: CBN Steps Up Nationwide Awareness Campaign On Naira Redesign Project
The Central Bank of Nigeria (CBN) yesterday continued with its nationwide sensitisation and public enlightenment exercise on its naira redesign project as the January 31, 2023… Read more »
January 18, 2023
Nigeria: Cash Withdrawal Limit - Banks Suspend Transactions Via Naira Credit, Prepaid Cards
In compliance with the Central Bank of Nigeria's (CBN) currency redesign and cash withdrawal policy that limited withdrawals across all channels to N500,000 weekly, banks have… Read more »