January 19, 2023
Nigeria: Emefiele Updates Buhari On Availability of New Naira Notes, Others
The Governor of the Central Bank of Nigeria (CBN) on Thursday in Abuja updated President Muhammadu Buhari on the activities of the bank. Read more »
Nigeria: We've Been Begging Banks to Take New Notes - Central Bank
The Central Bank of Nigeria, CBN yesterday said that it has been begging banks to come and collect the new N200, N500 and N1,000 naira notes. Read more »
January 18, 2023
Nigeria: CBN Urges Banks to Collect Redesigned Notes or Face Sanction
The Central Bank Governor, Mr Godwin Emefiele, has called on commercial banks to approach the apex bank branches across the country to pick up the new naira notes. Read more »
Nigeria: Don't Pay Charges for Deposit of Old Naira Notes - CBN
The Central Bank of Nigeria, CBN, on Wednesday warned residents, market women and leaders not to pay charges while depositing the old naira notes to their respective commercial… Read more »
December 20, 2022
Nigeria: Central Bank Releases Security Features of New Naira Notes
In a bid to protect Nigerians from falling victim of counterfeiters, the Central Bank of Nigeria, CBN, has released details and position of the security features in the new naira… Read more »
Nigeria: World Bank Warns CBN On Negative Impact of Naira Redesign On Economy, Poor Households
The World Bank has warned that the time and short transition period to the redesigned naira notes will have a negative impact on economic activities and in particular the poorest… Read more »
Nigeria: CBN May Withdraw Banks' Forex License Over Diaspora Remittances
The Central Bank of Nigeria, CBN, yesterday, threatened to withdraw foreign exchange dealership licences of banks that partner with International Money Transfer Operators, IMTOs,… Read more »
December 19, 2022
Nigeria: Cash Withdrawal Limit Policy to Curb e-Fraud - CBN
The Central Bank of Nigeria (CBN) at the weekend said its current cash withdrawal limit policy would help in tackling electronic fraud (e-fraud). Read more »
December 07, 2022
Nigeria: Nigeria Spent $9.6bn to Service Foreign Debts in 12 Years - World Bank
The World Bank, yesterday, said that Nigeria spent $9.6 billion to service foreign debts in 12 years, from 2010 to 2021, adding that the nation's debt stock is not reflected in the… Read more »
November 24, 2022
Nigeria: How to Save Nigeria's N500 Trillion Insurance Industry
Last week, I passed by the ever-busy Computer Village and saw shop after shop loaded from floor to ceiling with laptops. I thought to myself, "What happens if there is an incident,… Read more »
September 29, 2022
Nigeria: BASA Doesn't Obligate CBN to Provide Forex for Repatriation - Emefiele
The Central Bank of Nigeria, CBN, has warned that Bilateral Air Services Agreements, BASA, never made compulsory provision of foreign exchange for repatriation of foreign airlines'… Read more »
July 28, 2022
Nigeria: Why CBN Supported Reddington to Set Up Duchess Hospital - Emefiele
The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has said that the Duchess International Hospital, Lagos which successfully carried out leg surgery on Vice… Read more »
July 21, 2022
Nigeria: CBN Clarifies Stand On Illicit Conversion of Currency
The Central Bank of Nigeria (CBN) has clarified the statement made by the Governor, Godwin Emefiele, at Tuesday's post-Monetary Policy Committee (MPC) meeting briefing, warning… Read more »
June 23, 2022
Nigeria: Forex - Report On Review of Tuition Rate False - CBN
The Central Bank of Nigeria, CBN, has faulted reports in the media suggesting that payments of overseas tuition fees from Nigeria will cost more as from January 2023, due to the… Read more »
May 25, 2022
Nigeria: Inflationary Pressure Forces Reversal in CBN's Interest Rate Policy
The Central Bank of Nigeria (CBN), yesterday, raised the Monetary Policy Rate (MPR) to 13 per cent, from 11.5 per cent, citing aggressive inflationary trends in the country and… Read more »
May 24, 2022
Nigeria: CBN Raises Monetary Policy to 13%
The Central Bank of Nigeria (CBN) has raised the Monetary Policy to 13%. Read more »
May 12, 2022
Nigeria: Nigeria Attains 64 Percent Financial Inclusion, Targets 95 in 2024 - CBN Deputy Gov
The Deputy Governor of the Central Bank of Nigeria, Aishah Ahmad yesterday said that the financial inclusion in Nigeria has significantly improved as the country has achieved 64… Read more »
May 10, 2022
Nigeria: 2023 Presidency - Why I Won't Resign Now, CBN Gov Tells Court
Ahead of the 2023 presidential election, the governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, yesterday approached the Federal High Court sitting in Abuja, accusing… Read more »
May 06, 2022
Nigeria: CBN Caution Banks On Benin Republic Linked Transactions
The Central Bank of Nigeria (CBN) has cautioned banks over transactions with customers and businesses linked to the Benin Republic to avoid been used as conduit for money… Read more »
September 28, 2018
Africa: Jim Ovia - Putting the Shine On Africa's Rise
When Emmanuel Macron , President of France, Theresa May, prime minister of the United Kingdom,UK and Angela Merkel, president of Germany recently embarked on state visits to major… Read more »