Tag: Central Bank of Nigeria

Politics
'Emefiele Illegally Opened 593 Ilegal Bank Accounts In UK, US, China' – Investigation Report

'Emefiele Illegally Opened 593 Ilegal Bank Accounts In...

Jim Obaze disclosed that Emefiele opened the bank accounts without the approval...

Breaking News
Nigerians In Tension As Naira Scarcity Persists Nationwide

Nigerians In Tension As Naira Scarcity Persists Nationwide

Like the cash crunch of December last year and the first quarter of 2023 due to...

Breaking News
Central Bank Of Nigeria Gives Update On Naira Scarcity

Central Bank Of Nigeria Gives Update On Naira Scarcity

Central bank of Nigeria explained the reasons behind the scarcity of Naira notes...

Breaking News
Nigerian Senate Screens CBN Governor, Cardoso, Deputies Today

Nigerian Senate Screens CBN Governor, Cardoso, Deputies...

The Red Chamber, which is returning from its two-month annual vacation, has scheduled...

Breaking News
Naira Crisis: CBN Finally Releases Old Notes To Commercial Banks

Naira Crisis: CBN Finally Releases Old Notes To Commercial...

The Central Bank of Nigeria has finally concluded plans to release all N1,000, N500...

Breaking News
Naira Crisis: 'Old N200, N500, N1,000 Notes Remain Legal Until Dec 31' – CBN

Naira Crisis: 'Old N200, N500, N1,000 Notes Remain Legal...

The Central Bank of Nigeria (CBN)has finally bow to pressure as it revealed that...

Breaking News
'Feb 17 Deadline For Old Notes' – Central Bank of Nigeria Releases Guidelines

'Feb 17 Deadline For Old Notes' – Central Bank of Nigeria...

CBN explained that in exchange for the old notes, the bank account provided by the...

Breaking News
Central Bank Of Nigeria Extends Old Naira Use Deadline

Central Bank Of Nigeria Extends Old Naira Use Deadline

Emefiele explained that the apex bank has sought approval from President Muhammadu...

Breaking News
CBN Insists On Jan 31 Deadline For Old Notes, Increases Interest Rate To 17.5%

CBN Insists On Jan 31 Deadline For Old Notes, Increases...

The Central Bank of Nigeria has insisted that there is no going back on the January...

Breaking News
Naira Redesign: Central Bank of Nigeria Shares Update On Return Of Old Notes

Naira Redesign: Central Bank of Nigeria Shares Update On...

Central Bank Of Nigeria have reminded Nigerians that new notes of N200, N500 and...

Breaking News
"Naira Redesign To Tackle Kidnapping" – CBN Reveals

"Naira Redesign To Tackle Kidnapping" – CBN Reveals

According to Imam, there is so much money in circulation, which has a way of encouraging...

Breaking News
Naira Redesign: 'We Need Extra Three Months' – Miyetti Allah Tells CBN

Naira Redesign: 'We Need Extra Three Months' – Miyetti...

Siddiki explained that the extension would give members of MACBAN more time to deposit...

Breaking News
Central Bank Of Nigeria Destroys Over ₦‎6 Trillion Banknotes Under Buhari Regime

Central Bank Of Nigeria Destroys Over ₦‎6 Trillion Banknotes...

The central bank is expected to destroy over 80 per cent of the N3.23tn banknotes...

Breaking News
'Naira Redesign Not Economic Priority' — CISLAC

'Naira Redesign Not Economic Priority' — CISLAC

Musa disclosed that Nigerians’ concerned reactions to the announcement was proof...

Breaking News
'Agricultural Sector Is Nigeria’s Saving Grace' – Emefiele

'Agricultural Sector Is Nigeria’s Saving Grace' – Emefiele

Enfield disclosed with the rising cost of food across the globe, Nigeria would have...

Social
"Nigerians Will Download E-Naira Wallets From October 1" - CBN

"Nigerians Will Download E-Naira Wallets From October 1"...

The Central Bank of Nigeria says the e-naira which is set to be launched on October...

Africa
Central Bank Of Nigeria To Print Gambian Currency

Central Bank Of Nigeria To Print Gambian Currency

Mr Godwin Emefiele, the CBN Governor accepted the proposal by the Governor of Central...

Social
CBN To Introduce Digital Currency In Nigeria

CBN To Introduce Digital Currency In Nigeria

Mohammed said the currency would be accessible to all Nigerians.

Social
Spray Naira Notes, Go To Jail – CBN Cautions Nigerians

Spray Naira Notes, Go To Jail – CBN Cautions Nigerians

Okoroafor said defaulters would be jailed for not less than six months and would...

Recent News
"We Have Enough FOREX" - CBN Tells Investors

"We Have Enough FOREX" - CBN Tells Investors

The Central Bank of Nigeria (CBN) has assured foreign investors that repatriating...

Recent News
COVID-19: CBN’s N50bn Fund Disbursement Commences Thursday

COVID-19: CBN’s N50bn Fund Disbursement Commences Thursday

The Managing Director, NIRSAL Microfinance Bank, Mr Abubakar Kure said that those...

Success
CBN To Implement New Charges on Deposits,  Withdrawals April 1

CBN To Implement New Charges on Deposits, Withdrawals April...

The apex bank had directed all Deposit Money Banks in the country to charge three...

Recent News
CBN Bans Banks From Sacking More Than 5 Staff Without Approval

CBN Bans Banks From Sacking More Than 5 Staff Without Approval

"Banks should note and be guided by the CBN circular in respect of laying off staff...

Recent News
'Customers Should Report Cases Of Illegal Charges By Banks'– CBN

'Customers Should Report Cases Of Illegal Charges By Banks'–...

The Central bank of Nigeria has reiterated that the Revised Guide to Bank Charges...

Politics
CBN Officially Restricts Milk Importation To Six Companies

CBN Officially Restricts Milk Importation To Six Companies

The Central Bank of Nigeria (CBN) has exempted six companies from the restriction...

Recent News
CBN Reduces ATM Withdrawal Charges In New Bank Guide

CBN Reduces ATM Withdrawal Charges In New Bank Guide

The Central Bank of Nigeria (CBN) has cut down all bank charges, with some getting...