He has also nominated four new deputy governors, namely Emem Nnana Usoro, Muhammad Sani Abdullahi Dattijo, Philip Ikeazor, and Bala M. Bello. Yemi Cardoso has been...
The Central Bank of Nigeria has announced that it is now working with commercial banks across the country to clear $10 billion foreign exchange (forex) backlog...
There is an ongoing meeting in Abuja, between the House of Representatives Ad-hoc Committee On Student Loans and Access To Higher Education, the National Universities Commission...
The new code of corporate governance for the financial sector, which pegged the tenure of the Managing Director/CEO of a bank to a maximum period of...
The Central Bank of Nigeria, CBN, has dismissed reports that it devalued the Naira. Reports had earlier emerged that CBN devalued Naira from N631 to the...
The Central Bank of Nigeria (CBN) has revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and three finance companies in the country....
The Central Bank of Nigeria, CBN, said that over 57 million Nigerians have Bank Verification Numbers (BVN) as of March 2023. Godwin Emefiele, the Governor of...
The old notes should circulate alongside the new ones until the end of the yea, according to a decision made by a seven-member judicial panel chaired...
All Deposit Money Banks have been ordered to open on Saturday and Sunday for massive disbursement of naira notes by the Central Bank of Nigeria (CBN)....
The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 17.5 percent to 18...
Anambra State Governor, Charles Soludo confirmed on Monday that the Central Bank of Nigeria has directed commercial banks to dispense and accept old naira notes as...
According to the Central Bank of Nigeria (CBN), it never sent a new instruction to commercial banks directing them to abide with last Friday’s Supreme Court...
Some traders in Lagos have said they would not accept the old naira notes of N500 and N1,000, until President Muhammadu Buhari gives the order. The...
The Central Bank of Nigeria (CBN) says both old and new Naira notes are now legal tender. CBN’s Acting Director of Corporate Communications, Dr. Isa Abdulmumin,...
According to data received from the Central Bank of Nigeria, the Federal Government posted a budget deficit between January 2022 and November 2022 of N7.34 trillion....
Following the ruling of the Supreme Court last week extending the usage of old N200, N500 and N1000 notes as legal tenders till December 31st 2023,...
The Independent National Electoral Commission (INEC) has presented its cash requirement to the Central Bank of Nigeria (CBN) to enable it execute the forthcoming elections, as...
The Director of Corporate Communication at the Central Bank of Nigeria (CBN), Mr. Osita Nwanisobi, debunks reports claiming that the CBN instructed banks to collect old...
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has vowed to arrest and prosecute Point of Sale (POS) agents charging above 200 naira for...
The old N200, N500, and N1000 notes ceased to be legal tender on February 10, 2023, the Central Bank of Nigeria, CBN has declared. This development...
According to information obtained by The Nation yesterday, the Central Bank of Nigeria (CBN) may put more brand-new naira notes into circulation today through banks. Since...
The Central Bank of Nigeria (CBN) announced on Tuesday that it will revoke the licences of Point of Sale (PoS). representatives found responsible for exaggerating the...
Ahead of 2023 general election, the Central Bank of Nigeria (CBN) has assured the Independent National Electoral Commission (INEC) that it will not suffer cash scarcity...
A new generation bank in Ekiti on Sunday ran into trovbl3 waters as the Central Bank of Nigeria, uncovered N6 million of new naira notes ho@rded...
The Central Bank of Nigeria has extended the deadline for the swapping of old naira notes till February 10, 2023. The CBN stated this in a...
The President, Major General Muhammadu Buhari (retd.), on Sunday, in Daura, approved the Central Bank of Nigeria’s request to extend the deadline for swapping of old...
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which measures interest rate from 16.5% to 17.5 percent to tame inflation. The...
Due to the lack of new naira notes, the House of Representatives decided on Tuesday to invite Deposit Money Banks, commonly known as commercial banks, on...
The Central Bank of Nigeria (CBN) has said it will not extend or shift the deadline for the deposit of the old naira notes. CBN Governor...
Mobile money/Point of Sales agents in Abuja and Lagos have been excluded from the Central Bank of Nigera’s newly launched cash swap programme. CBN outlined some...
