June 07, 2023
Nigeria: Cashless Policy - CBN Takes E-Naira to Kano Varsity for Payment of Tuition, Others
In its bid to raise awareness and invite more subscribers to the E-Naira policy, the Central Bank of Nigeria (CBN) in Kano has taken its mobilization to the Aliko Dangote… Read more »
June 03, 2023
Nigeria: Katsina to Shut Down Banks, Others Over Unremitted Tax
The Katsina State Revenue Services (KRS) has given banks and other agencies in the state a two-week ultimatum to remit tax collected on behalf of the state government or face the… Read more »
June 01, 2023
Nigeria: Central Bank Denies Devaluing Naira to N630/$1
The Central Bank of Nigeria, CBN said it has not devalued the naira urging the public to dismiss any contrary report. Read more »
May 25, 2023
Nigeria: Nigeria's Economy to Grow By 4.1% Amid Crises - AfDB Projects
The African Development Bank (AfDB) says Nigeria and other economies of Africa is projected to grow by 4.1 per cent in 2023 and 4.3 per cent in 2024. Read more »
March 29, 2023
Nigeria: Queues Disappear As Banks Increase Cash Payout to Customers
Banks, yesterday, increased cash payout to customers leading to a sharp reduction in the long queues and massive crowds that characterised the cash dispensary points in the last… Read more »
March 13, 2023
Nigeria: We'll Shut, Report Banks Not Receiving Old Naira Notes to CBN - Soludo
Governor of Anambra State, Chukwuma Soludo has threatened to report banks not receiving old Naira notes in the state to the Central Bank of Nigeria (CBN) after shutting same. Read more »
March 06, 2023
Nigeria: CBN Disburses N114bn for 100-for-100 Productivity Policy
The Central Bank of Nigeria, CBN has disbursed N114.17bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention. Read more »
Nigeria: Supreme Court Ruling - Uncertainty As Banks Wait On CBN
Stakeholders in the financial sector and banks are divided over re-issuance of the old naira notes following the Supreme Court judgement extending their legal tender status till… Read more »
March 03, 2023
Nigeria: Old Naira Notes Remain Legal Tender Till Dec 31 - Supreme Court
The Supreme Court, on Friday, nullified the ban on use of the old N200, N500 and N1000 banknotes as legal tenders. Read more »
February 22, 2023
Nigeria: Again, Ganduje Tackles CBN, Calls New Naira Policy 'Covid-23'
Governor Abdullahi Umar Ganduje of Kano state has again, tackled the Central Bank of Nigeria, CBN, over the naira redesign policy, which he has described as a disease, tagged… Read more »
February 12, 2023
Nigeria: Banknote Crises - Shoprite, Others Reject Old Notes
Against the backdrop of confusion over the execution of the Supreme Court order to stand down the deadline for acceptance of the old Naira banknote, Nigeria's leading retailer,… Read more »
February 02, 2023
Nigeria: CBN Directs Banks to Pay Redesign Naira Notes Over-the-Counter
The Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) to commence the payment of the redesigned Naira notes over the counter, subject to a maximum daily payout… Read more »
January 30, 2023
Nigeria: Extend Old Naira Notes Withdrawal to June - Ortom Urges CBN, Buhari
Governor Samuel Ortom of Benue state has joined the National Assembly to urge President Muhammadu Buhari and the Central Bank of Nigeria, CBN, to extend the deadline for the… Read more »
Nigeria: DSS Intercepts New Naira Notes Sellers, Fingers Commercial Bank Officials
The Department of State Services, DSS, has arrested some members of an organised syndicate selling the new Naira notes in parts of the country. Read more »
Nigeria: Naira Notes - Buhari, Reps Heading for Clash Over CBN's 10-Day Extension
The President Muhammadu Buhari and the House of Representatives are on collision course over the deadline for the withdrawal of old naira notes. Read more »
Nigeria: Old Naira Notes - South East Youths Shelve Protest, Commend CBN
The Coalition of South East Youth Leaders, COSEYL, has commended the Central Bank of Nigeria, CBN, for responding to the wish of Nigerians by extending the date for the return of… Read more »
January 27, 2023
Nigeria: CBN to Ban Dollar Charges On Card Transactions, Unveils Domestic Card
The Central Bank of Nigeria (CBN), in conjunction with the Nigerian Interbank Settlement System (NIBSS), has launched the Nigerian National Domestic Card Scheme named, AfriGo,… Read more »
Nigeria: CBN Applauds Banks in Ogun Over Circulation of New Naira Notes
As the January 31st deadline for the phasing out of the old N200, N500 and N1000 note approaches, officials of the Central Bank of Nigeria (CBN), Abeokuta Branch on Thursday… Read more »
January 26, 2023
Nigeria: CBN Bans Dollar Charges On Domestic Transactions
The Central Bank of Nigeria (CBN) has launched the Nigerian National Domestic Card Scheme, Afrigo. Read more »
Nigeria: CBN's Naira Redesign Good Policy, Bad Timing, Says Seriake Dickson
Senator representing Bayelsa West district in the National Assembly, Seriake Dickson, has described the currency redesign policy of the Central Bank Nigeria as good but ill-timed. Read more »
January 24, 2023
Nigeria: New Naira Notes - Ekiti Residents Bemoan Financial Institutions Over Scarcity
Residents of Ekiti State have bemoaned the Central Bank of Nigeria, CBN, and Financial Institutions over its failure to circulate and dispense the new naira notes amidst the… Read more »
Nigeria: Over 50% Unbanked Population May Lose Savings to CBN's Currency Redesign - Report
One week to the full replacement of the old Naira notes as a legal tender, indications have emerged that over 50 percent of Nigeria's unbanked population may lose their cash… Read more »
January 23, 2023
Nigeria: CBN Appeals to Akwa Ibom Residents to Return Old Naira Notes Before January 31 Deadline
The Central Bank of Nigeria, CBN, has made further appealed to Akwa Ibom state residents to return the old notes of N1000, N500, and N200 to the banks before January 31, 2023 when… Read more »
Nigeria: Banks in Battle of Wits Over New Naira Notes
With five weeks gone into the period of transition from old to new Naira notes and just barely one week to the deadline for acceptance of the old notes as legal tender, the Central… Read more »
January 22, 2023
Nigeria: New Redesigned Naira Notes 'Ll Help Check Inflation - Central Bank
The Central Bank of Nigeria has assured that the introduction of the redesigned new Naira notes would help check the spiralling inflation in the country. Read more »