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CBN latest news - Page 21

GTCO, First Bank Fail To Make Top Five Performing Nigerian Bank Stocks In H1

Updated: Emefiele Orders Banks To Accept Old N500, N1,000, Set Condition For Depositors

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMB) to accept the old N500 and N1,000 notes but set a limit to customers’ deposits. CBN said the old N500 and N1000 notes are not legal, however, banks are allowed

February 17, 2023

KPMG Makes Naira Projection After Foreign Capital Importation Drops To $1.06 billion

Business·Currency

Fitch Says Naira Scarcity Will Affect Dollar Demand, Exchange Rate

Global credit ratings agency, Fitch Ratings, has warned that Nigeria’s exchange rate might appreciate due to scarcity of Naira notes. Fitch made this known in a report dated 14 February 2023 and titled ‘Nigeria’s Economic Challenges Highlight Importance of Post-Election Policies’. The

February 17, 2023

Business

Naira Scarcity: 17 Bank Branches Attacked, Bank Workers Threaten Strike

Naira scarcity has resulted in attacks on 17 bank branches and N5 billion loss for the Deposit Money Banks (DMB), as the Central Bank of Nigeria (CBN) struggles to implement the Naira redesign policy. This was disclosed by the Association of Senior

February 17, 2023

Business

Naira Redesign: Emefiele Issues New Directive To 15 Banks, Dismisses Supreme Court Order

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said he met with some banks on Thursday, 17 February 2023, to discuss how the N200 notes can be disbursed to Nigerians. Emefiele revealed that at least 15 banks have received

February 17, 2023

Currency·Finance & Economy·Insights

7 Important Takeaways From Buhari’s Speech On Naira Policy

The CBN on 26 October 2022, announced the introduction of redesigned N100, N200, N500 and N1,000 banknotes into the financial system and in December 2022, introduced the new naira note design to the public. However, the governor of the Central Bank of

February 16, 2023

Business

Buhari Lists 7 Benefits Of CBN’s Naira Redesign Policy, Defends Emefiele’s Actions

President Muhammadu Buhari has defended the Naira redesign policy of the Godwin Emefiele-led Central Bank of Nigeria (CBN). Buhari said all activities of the CBN as regards the Naira redesign policy are being carried out within the ambit of the Constitution, the

February 16, 2023

Buhari's 8years in Office: No Better Way To Squander Goodwill

Business

Buhari Says Old N200 Notes To Remain Legal Till April, Rules Out N500, N1,000 Notes

President Muhammadu Buhari has announced that the old N200 notes will remain legal tenders till 10 April 2023, as he makes changes to the Central Bank of Nigeria’s (CBN) directive to banks. Buhari, in a nationwide broadcast on Thursday, 16 February 2023,

February 16, 2023

Naira Scarcity: Angry Warri Youths Attack First Bank, Burn Access Bank

Business·News

Naira Scarcity Protest: Delta Police Arrest 9 Over Attacks On Banks

Officers of the Nigeria Police Force, Delta State Command, have arrested at least 9 suspects in connection with burning of two commercial banks in Warri on Wednesday. Prime Business Africa earlier reported that some angry youths in Warri, Delta State, on Wednesday,

February 15, 2023

Business

Breaking: S’Court Adjourns Proceedings On CBN’s Naira Policy Till Feb 22

Nigeria’s Supreme Court has adjourned proceedings on the naira swap policy of the Central Bank of Nigeria (CBN) till Wednesday, February 22 for a hearing of the consolidated suits by 10 states. The apex court which heard the case on Wednesday, 8th

February 15, 2023

Business

Foreign Representatives Meet CBN’s Emefiele Over Naira Redesign Chaos

Diplomatic Corps met with the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday, 14 February 2023, amid the Naira redesign policy that has caused chaos within the country. According to a statement released by the central bank via

February 15, 2023

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CBN latest news - Page 21

Updated: Emefiele Orders Banks To Accept Old N500, N1,000, Set Condition For Depositors

Fitch Says Naira Scarcity Will Affect Dollar Demand, Exchange Rate

Naira Scarcity: 17 Bank Branches Attacked, Bank Workers Threaten Strike

Naira Redesign: Emefiele Issues New Directive To 15 Banks, Dismisses Supreme Court Order

7 Important Takeaways From Buhari’s Speech On Naira Policy

Buhari Lists 7 Benefits Of CBN’s Naira Redesign Policy, Defends Emefiele’s Actions

Buhari Says Old N200 Notes To Remain Legal Till April, Rules Out N500, N1,000 Notes

Naira Scarcity Protest: Delta Police Arrest 9 Over Attacks On Banks

Breaking: S’Court Adjourns Proceedings On CBN’s Naira Policy Till Feb 22

Foreign Representatives Meet CBN’s Emefiele Over Naira Redesign Chaos

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