January 24, 2023
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 »
December 15, 2022
Nigeria: Senate Confirms Reappointment of Two CBN Deputy Govs for Second Term
The Senate yesterday confirmed the reappointment for second and final terms in office, Mrs. Aisha Ahmad and Mr. Edward Lametek Adamu that were nominated by President Muhammadu… Read more »
December 11, 2022
Nigeria: Nigerian Politicians Jittery Over CBN's Decision
The Central Bank of Nigeria (CBN) has set a limit on the amount of money that an individual or business organisation can withdraw over the counter and how much can be gotten from… Read more »
December 08, 2022
Africa: AfDB Mobilises U.S.$8.9bn for Africa's Low-Income Countries, Highest in 50 Years
After a year of intense negotiations and a difficult global economic outlook, development partners of the African Development Fund (ADF) have agreed to commit a total package of… Read more »
December 05, 2022
Nigeria: Zenith Wins 'Bank of the Year Nigeria' in the Banker's Awards
Zenith Bank Plc has emerged as 'Bank of the Year in Nigeria' in The Banker's Bank of the year awards 2022. The award, which was announced by The Banker Magazine, Financial Times… Read more »
Nigeria: CBN Offered N7.33trn Treasury Bills in Six Months
The Central Bank of Nigeria (CBN) yesterday said it offered treasury bills amounting to N7.33 trillion in the first half of the year (H1 2022) while total public subscriptions… Read more »
Nigeria: 59% of Nigerian E-Banking Customers Have Been Victim to Fraud - Report
A survey carried out by Agusto&Co has revealed that 59 per cent of bank customers sampled indicated that they have fallen victim to fraud. Read more »
November 30, 2022
Nigeria: Banks' Consumer Loans Up 31% to N2.55 Trillion on Rising Inflation
On the back of rising inflation rate in Nigeria, banks' consumer loans rose by 31 per cent or N615.82 billion in one month to N2.55trillion in July 2022 from N1.93trillion in June… Read more »
September 30, 2022
Nigeria: Fidelity Bank, SMEDAN Sign MOU to Bridge $158.1bn SMEs Financing Gap
Fidelity Bank Plc and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a Memorandum of Understanding (MoU) to bridge $158.1billion Small and Medium… Read more »
September 29, 2022
Nigeria: N3.7trn Out of N9trn Intervention Funds Recovered, N5trn Not Due - CBN
The Central Bank of Nigeria (CBN) yesterday clarified that out of the N9 trillion interventions it had disbursed in critical sectors of the economy, about N3.7 trillion had so far… Read more »
September 27, 2022
Nigeria: CBN Raises MPR to 15.5%
The Central Bank of Nigeria (CBN) Tuesday raised the Monetary Policy Rate (MPR) by 150 basis points to 15.5 per cent from 14 per cent. Read more »
July 17, 2013
Nigeria: Kenyan President Seeks UBA's Partnership On Development
President Uhuru Kenyatta of Kenya has unveiled plans to make Nairobi an international financial centre and had called on the United Bank for Africa Plc (UBA) to play a pivotal role… Read more »
June 17, 2013
Nigeria: Moghalu - Africa Needs Economic Transformation to Prosper
The Deputy Governor, Financial System Stability of the Central Bank of Nigeria (CBN), Dr. Kingsley Chiedu Moghalu, has stressed that Africa can only prosper through far-reaching… Read more »