January 25, 2023
Nigeria: New Naira Notes - NASS Fumes As CBN Insists On January 31 Deadline
Against expectation, the Central Bank of Nigeria (CBN) has said the January 31, 2023 deadline for the higher denominations of old banknotes to cease to function as legal tender… Read more »
January 24, 2023
Nigeria: CBN Insists No Deadline Extension for Old Naira Notes, Increases Interest Rate to 17.5 Percent
The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has said that the apex bank will not extend the January 31, 2023 deadline for the old version of the redesigned… Read more »
January 22, 2023
Nigeria: CBN Deadline - Only 4 Out 17 LGAs Have Banks in Yobe, Gov Buni Cries Out
Yobe State governor, Hon. Mai Mala Buni, has appealed to the Central Bank of Nigeria (CBN) to give a special concession and alternatives to the people of Yobe against the backdrop… Read more »
January 23, 2023
Nigeria: Central Bank Takes Naira Sensitisation to Kaduna, Zamfara, Stresses Deadline
The Central Bank of Nigeria (CBN) at the weekend in carried out sensitisation on the redesigned Naira notes to Abubakar Mahmud Gumi central market, Kaduna and Central Market in… Read more »
December 23, 2022
Nigeria: Cash Withdrawal Limit, Naira Redesign Not Political - CBN
The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has given assurance that the recent policy of the bank, including the cash withdrawal limit and the redesigning of… Read more »
December 22, 2022
Nigeria: CBN Bows to Pressure, Reviews Cash Withdrawal Policy
Following the ruckus generated by the new cash policy of the Central Bank of Nigeria (CBN), the apex bank has revised upward weekly cash withdrawals for individuals and corporate… Read more »
December 08, 2022
Nigeria: CBN's New Cashless Policy Counterproductive for Petty Trading - Metuh
Former national publicity secretary of Peoples Democratic Party (PDP) Chief Olisa Metuh has said the new cashless policy by the Central Bank of Nigeria (CBN) is counter productive… Read more »
November 25, 2022
Nigeria: CBN's Revised Financial Inclusion Strategy Will Improve Lives - Queen Maxima
Her Majesty Queen Maxima of the Netherlands and United Nations secretary-general's special advocate for inclusive finance for development has said managing economic shocks remains… Read more »
October 20, 2022
Nigeria: Bailout - Federal Govt Reviews CBN's Plan to Begin Deduction From States
In a move to explore how to provide further financial succour for States regarding repayment of the Federal Government's Budget Support Facility, the National Economic Council… Read more »
Nigeria: CBN, AMCON Announce Sale of Polaris Bank
The Central Bank of Nigeria (CBN) and the Asset Management Corporation of Nigeria (AMCON) have formally announced the completion of a Share Purchase Agreement (SPA) for the… Read more »
October 16, 2022
Nigeria: CBN Begins Grassroot eNaira Adoption With 7,740 Agent Points
Central Bank of Nigeria (CBN) has begun an inclusive campaign for grassroot adoption of its digital currency, eNaira. Read more »
October 10, 2022
Nigeria: Don't Borrow From Us to Fund Forex, Auctions, CBN Warns Banks, Others
The Central Bank of Nigeria (CBN) has warned commercial banks as well as authorised dealers to desist from accessing its discount windows to fund foreign exchange as well as… Read more »
September 27, 2022
Nigeria: Experts Project Rates Hike As CBN Holds MPC Meeting
As the Central Bank of Nigeria (CBN) holds its Monetary Policy Committee (MPC) announces its policy decisions today, some stakeholders project a hike in policy rates. Read more »