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CBN latest news - Page 20

2023 Elections·Politics

New Naira Policy Targeted At Tinubu – Senator Adeyemi Says

The senator representing Kogi West senatorial district under the All Progressive Congress, Smart Adeyemi, has accused the presidential candidate from the PDP party, Atiku Abubakar, his running mate Ifeanyi Okowa, and CBN governor, Godwin Emefiele as the brains behind the naira scarcity as

February 21, 2023

Currency

Aisha Buhari Trends For Sharing Fake CBN Release

First Lady Aisha Buhari is currently trending on social media, so much so for controversial reasons. Earlier on Tuesday, the president’s wife shared a statement allegedly issued by the Central Bank of Nigeria (CBN) extending the validity of old N200, N500 and

February 21, 2023

CBN Naira Redesign Policy Deteriorates Business Condition – Stanbic IBTC

Business·Currency

Naira Policy: No Presidential Orders To Reissue Old N1,000, N500 Notes – CBN

The Central Bank of Nigeria (CBN) has denied that it received presidential orders to reissue the old N500 and N1000 naira banknotes. The denial was in response to a press release purportedly released by the CBN and circulating on social media, to

February 21, 2023

CBN Asked To Disburse N250 billion To Cushion Subsidy Removal

Business

CBN Begins Door-to-door Delivery Of New Naira Notes After Ganduje Threat

The distribution of the new Naira notes has taken a new turn as the Central Bank of Nigeria (CBN) delivers the cash door-to-door in Kano State. CBN representatives in Kibiya, Rano, and Tundun Wada local government areas in Kano State went to

February 21, 2023

Railway Revenue Drops By N1.31 billion Within Three Months

Business

Naira Scarcity: Railway Managers Demand Cash, Reject Electronic Payment

The management of the Nigerian Railway Corporation (NRC) has stated that its operational policy is against digital transactions, as passengers face Naira scarcity. It was gathered that the railway corporation is turning down passengers who prefer to use electronic channels to pay

February 21, 2023

CBN Denies Discriminating Against People With Physical Disabilities Seeking Job

Business

IMF Calls For Review Of CBN Act 2007, Demand Release Of Financial Statements

The Central Bank of Nigeria (CBN) Act 2007 needs to be reviewed to align with international best practices, the International Monetary Fund (IMF) observes. IMF stated in its latest Report – ‘Nigeria: 2022 Article IV Consultation’ – that the CBN Act is

February 20, 2023

El-Rufai Leaves APC For Social Democratic Party

Politics

‘Buhari Approved Naira Redesign, CBN Did Recolouring’- El-Rufai

Kaduna State Governor, Nasir El-Rufai, has remodeled his opposition to Nigeria’s currency policy to focus more pointedly on the Central Bank of Nigeria Governor, Godwin Emefile, and less on President Muhammadu Buhari; This came after he directly countered Buhari’s national address on

February 20, 2023

Atiku Highlights Why Nigeria’s 2025 Budget Is Unsustainable

Business

Atiku Withdraws Support Over CBN’s Handling Of Old Naira Notes

The presidential candidate of the Peoples’ Democratic Party (PDP), Atiku Abubakar, has began to sing a different tone as regards the deadline the Central Bank of Nigeria (CBN) chose to phase out the old Naira notes. Atiku had supported the 10 February

February 20, 2023

Naira Crisis: Banks Will Remain Open So Long It’s Safe To Do So – CIBN

Business·Currency

Naira Crisis: Banks Will Remain Open So Long As It’s Safe To Do So – CIBN

Following the protest and destruction of banks’ facilities across the nation over scarcityn of new naira notes, the Chartered Institute of Bankers of Nigeria (CIBN) has urged Nigerians to remain calm, assuring that banks will remain open to attend to their customers

February 18, 2023

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

CBN Denies Ordering Banks To Accept Old N500, N1000 Notes

The Central Bank of Nigeria (CBN) has denied ordering Deposit Money Banks (DMB) to accept deposits of old N500 and N1000 notes from the public. In a statement released on Friday, CBN’s corporate communications director, Osita Nwanisobi, denied the central bank directed

February 17, 2023

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CBN latest news - Page 20

New Naira Policy Targeted At Tinubu – Senator Adeyemi Says

Naira Policy: No Presidential Orders To Reissue Old N1,000, N500 Notes – CBN

CBN Begins Door-to-door Delivery Of New Naira Notes After Ganduje Threat

Naira Scarcity: Railway Managers Demand Cash, Reject Electronic Payment

IMF Calls For Review Of CBN Act 2007, Demand Release Of Financial Statements

‘Buhari Approved Naira Redesign, CBN Did Recolouring’- El-Rufai

Atiku Withdraws Support Over CBN’s Handling Of Old Naira Notes

Naira Crisis: Banks Will Remain Open So Long As It’s Safe To Do So – CIBN

CBN Denies Ordering Banks To Accept Old N500, N1000 Notes

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