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CBN latest news - Page 18

80% Of Eggs Laid By 76 million Commercial Birds To Waste Over Naira Scarcity

Naira Scarcity: 80% Of Eggs From 76 million Commercial Birds To Waste

Poultry businesses in Nigeria are at risk of losing significant investments over the scarcity of cash that was caused by the Central Bank of Nigeria’s (CBN) Naira redesign policy. Since the deadline to phase out the old N200, N500 and N1,000 notes

March 21, 2023

Business

Moghalu Carpets CBN, Reveals Problems With Emefiele’s Naira Policy

Former Deputy Governor, Central Bank of Nigeria (CBN), Kingsley Moghalu, has condemned the handling of the Naira redesign policy under Godwin Emefiele. Moghalu said months after the CBN set out to implement the Naira redesign policy, Nigerians are still suffering from the

March 16, 2023

Business·Currency·News

Old Naira Notes: GTBank, Others Limit Cash Withdrawal To N10,000

The Central Bank of Nigeria (CBN) has fully complied with the Supreme Court ruling ordering it to restore old naira notes to circulation but Guaranty Trust Bank (GTBank) and other banks have limited over-the-counter withdrawals to just N10,000. Our correspondent, who visited

March 15, 2023

Business

CBN Places Service Restriction On PoS Agents Across Nigeria

The Central Bank of Nigeria (CBN) has reiterated some operations that mobile banking agents are not allowed to offer, as their population increases across the country. In an Exposure Draft of the Regulatory Framework for Agent Banking in Nigeria, the CBN said

March 14, 2023

CBN Denies Discriminating Against People With Physical Disabilities Seeking Job

Business

CBN Finally Addresses Supreme Court Order Publicly, Succumbs To Pressure On Old Naira

The Godwin Emefiele-led Central Bank of Nigeria (CBN) has succumbed to the Supreme Court order which states that old N500 and N1,000 remains legal for 10 months. In a statement released by the central bank’s Director of Communication, Isa Abdulmumin, it was

March 14, 2023

CBN Reveals JP Morgan’s Intention After Report On Nigeria’s Foreign Reserves

Business

UPDATED: CBN’s Open Banking Allows Banks, Others To ‘Trade’ Customers’ Data

Deposit Money Banks (DMBs), other financial institutions and companies can now share customers’ data, in a bid to create innovative products, according to a new circular released by the Central Bank of Nigeria (CBN) on Wednesday, 8 March 2023. According to the

March 9, 2023

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

Business

CBN Quietly Approves Old Naira Disbursement, Traders Reject Banknotes

The Central Bank of Nigeria (CBN) has approved the disbursement of old N500 and N1,000 notes, as Deposit Money Banks’ (DMBs’) Automated Teller Machines (ATMs) begin to dispense the bank notes. The commercial banks had not been disbursing old Naira notes since

March 7, 2023

Business

CBN Naira Redesign Policy Deteriorates Business Condition – Stanbic IBTC

A new report by Stanbic IBTC has shown that the Naira redesign policy of the Central Bank of Nigeria (CBN) has negatively impacted the Nigerian economy. The report, which covers February and titled “Stanbic IBTC Bank Nigeria PMI (Purchasing Managers’ Index),” said

March 6, 2023

Breaking: CBN Tell Banks To Increase Interest Rate On Loan, Set MPR At 18.5%

Business

IMF Warns CBN, Others Against Financing Government’s Excessive Debt

The central banks have been warned by the International Monetary Fund (IMF) against constantly bailing out governments in their quest to borrow funds outside the bond market. Recall that the N23.7 trillion debt the Nigerian government owes the Central Bank of Nigeria

March 6, 2023

Business·Currency·News

CBN Hijacked State Power, Confiscated The Naira, Says Stanbic IBTC Owner, Peterside

Owner of Stanbic IBTC, Atedo Peterside at the weekend said the Central Bank of Nigeria (CBN) actually hijacked the powers of the state by confiscating the naira in the guise of currency redesign. The founder of Stabic IBTC and ANAP spoke just

March 5, 2023

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CBN latest news - Page 18

Naira Scarcity: 80% Of Eggs From 76 million Commercial Birds To Waste

Moghalu Carpets CBN, Reveals Problems With Emefiele’s Naira Policy

Old Naira Notes: GTBank, Others Limit Cash Withdrawal To N10,000

CBN Places Service Restriction On PoS Agents Across Nigeria

CBN Finally Addresses Supreme Court Order Publicly, Succumbs To Pressure On Old Naira

UPDATED: CBN’s Open Banking Allows Banks, Others To ‘Trade’ Customers’ Data

CBN Quietly Approves Old Naira Disbursement, Traders Reject Banknotes

CBN Naira Redesign Policy Deteriorates Business Condition – Stanbic IBTC

IMF Warns CBN, Others Against Financing Government’s Excessive Debt

CBN Hijacked State Power, Confiscated The Naira, Says Stanbic IBTC Owner, Peterside

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