Tag: CBN
BREAKING: Court restrains CBN from extending deadline on use of old...
A Federal Capital Territory, FCT, High Court has restrained the Central Bank of Nigeria, CBN, from extending the deadline for the use of the...
Traders urge CBN to address cash crunch to avoid total collapse...
Some traders in Sango-Ota, Ogun, on Monday, appealed to the Central Bank of Nigeria (CBN) to make concerted efforts to address the lingering cash...
CBN not ready for Naira redesign – Gov. Badaru
Jigawa State Governor, Muhammad Badaru Abubakar has tackled the Central Bank of Nigeria, CBN, over the persistent scarcity of the redesigned Naira notes in...
Banks ‘ll still accept old naira notes after deadline –Emefiele
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has revealed that commercial banks will continue to accept old naira notes after the...
Naira redesign strangulating Nigerians – Northern elders warn CBN
The Northern Elders Forum, NEF, has said the naira redesign by the Central Bank of Nigeria, CBN, is strangulating Nigeria’s economy.NEF urged the CBN...
CBN increases interest rate to 17.5%
The Monetary Policy Committee of the Central Bank of Nigeria, CBN, has unanimously voted to increase the benchmark interest rate by 100 basis points...
No extension of date for depositing old Naira notes – CBN
Business activities were temporarily slowed down at the Jalingo main market on Saturday as the Central Bank of Nigeria (CBN) took its enlightenment campaign...
Start rejecting old Naira notes from banks — CBN
The CBN has directed customers to start rejecting old naira notes from banks, insisting that the old notes ceased to be legal tender by...
Extend old naira notes deadline to June 2023, Senate tells CBN
The senate has appealed to the Central Bank of Nigeria (CBN) to extend the deadline for the withdrawal of old naira notes from circulation...
CBN succumbs to pressure, reviews cash withdrawal limits
Sequel to pressure from Nigerians, the Central Bank of Nigeria (CBN) has reviewed cash withdrawal limits it issued earlier.The Apex Bank attributed its decision...
Saraki links DSS probe of CBN’s Emefiele to top politicians, 2023...
Former Senate President, Bukola Saraki says the move to remove Godwin Emefiele as Central Bank of Nigeria (CBN) Governor is related to the 2023...
Emefiele ill, will be represented, CBN writes Reps
The Governor of the Central Bank of Nigeria, Godwin Emefiele, will not appear before the House of Representatives on Thursday, the apex bank has...
CBN goes tough on Banks over forex remittances violations
The Central Bank of Nigeria (CBN) has threatened to revoke banks’ foreign exchange dealership licenses if they work with International Money Transfer Operators, IMTOs,...
How to detect fake new naira notes – CBN
As the Central Bank of Nigeria (CBN) begins circulation of the redesigned naira notes, some unscrupulous people have also perfected the idea of counterfeiting...
Senate orders CBN to review cash withdrawal limits
The Senate on Wednesday ordered the Central Bank of Nigeria (CBN) to considerably adjust the recent cash withdrawal limits by the apex bank.The Senate...
UPDATED: Suspend limits on cash withdrawal, Reps tell CBN
The House of Representatives on Thursday, asked the Central Bank of Nigeria to suspend its latest policy which, among others, sets limits to cash...
Cash withdrawal above N100,000, N500,000 attracts 5%, 10% charges – CBN
The Central Bank of Nigeria, CBN, has issued a revised cash withdrawal policy, stating that cash withdrawals above N100,000 and N500,000 will henceforth attract...
Inflation: Knocks, kudos trail CBN’s hike of interest rate to 16.5...
In less than three months after it had raised the country’s interest rate to a double-digit, 15.5 percent, the Monetary Policy Committee (MPC) of...
Just in: CBN goes harder on inflation, raises MPR to 16.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has voted to increase the benchmark interest rate (MPR) by 100 basis points...
CBN instructs banks nationwide to work on Saturdays
The Central Bank of Nigeria (CBN) has instructed commercial banks in the country to work on Saturdays till Jan. 31, 2023, to enable bank...
