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CBN latest news - Page 24

Call CBN to arrest POS agents selling naira notes

Old Naira: PoS Operators, Market Women Risk Jail Term, As CBN Threatens Arrest

The Godwin Emefiele-led Central Bank of Nigeria (CBN) has warned that the financial regulator will start arresting persons selling the Naira notes. In a circular released on Thursday, 2, February 2023, the central bank said it learnt that persons are hawking and

February 2, 2023

Business

CBN Sets Limit For GTBank, Zenith Bank, Others On New Naira Withdrawal

The Central Bank of Nigeria (CBN) has instructed Guaranty Trust Bank (GTBank), Zenith Bank, and other commercial banks to start distributing the redesigned Naira notes over the counter. Recall that the central bank had halted the withdrawal of the new Naira notes

February 2, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Dollar Rate Falls By 0.80% In Bureau De Change Window

The exchange rate depreciated in the Bureau De Change window of the black market on Wednesday, 1, February 2023, after the Central Bank of Nigeria (CBN) confirmed banks will continue to receive old Naira after the phase-out deadline. Naira appreciated by 0.80

February 1, 2023

The Nigeria Ports Authority (NPA), the Nigeria Customs Service (NCS) and three other agencies have been accused of illegal auction of Federal Government properties.

Business

Pres. Buhari’s Request To Restructure CBN Loan Suspended Again

The House of Representatives has stated that it will not restructure some of the loans obtained by President Muhammadu Buhari from the Central Bank of Nigeria (CBN) until more information has been provided. President Buhari obtained the loan under the CBN’s ‘Ways

February 1, 2023

Business

CBN Act Prevents Banks From Rejecting Old Naira After Deadline, Emefiele Meets Reps

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said commercial banks will continue to receive the old Naira notes after the deadline on 10, February 2023. Emefiele said the CBN Act mandates the financial regulator to accept a

January 31, 2023

Business·Currency

Video: New Naira Scarcity Forces Nigerians To Fight At ATMs

The biting scarcity of the new naira notes, worsened by the deadline set by the Central Bank of Nigeria (CBN), has forced Nigerians to fight at the Automated Teller Machine point in a bank as they struggle to withdraw money. The naira

January 31, 2023

Business

CPPE’s Muda Yusuf Tackles CBN’s Emefiele Over Naira In Circulation Claim

The founder of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf, has revealed that contrary to the statement of the Central Bank of Nigeria (CBN), cash is not supposed to be inside commercial banks. Recall that the CBN Governor,

January 31, 2023

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Business

Old Naira: Expert, Muda Yusuf, Compares UK, CBN’s Currency Transition, Obstacles

The former Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Muda Yusuf, said on Monday, 30, January 2023, that the two months timeframe for the old Naira to cease being a legal tender is too short considering some factors. Dr

January 30, 2023

Business

Old Naira: How CBN’s Deadline Is Disrupting Ecowas Regional Trade – Dr. Muda Yusuf

The founder of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf, has revealed that the short deadline to phase out the old Naira notes is affecting trade in the Economic Community of West African States (ECOWAS). Speaking at a

January 30, 2023

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

Business

Banks To Hand Out Only N100, N50, N20, Other Lower Notes Amid New Naira Scarcity

The Central Bank of Nigeria (CBN) has ordered commercial banks to hand customers lower denominations for over-the-counter withdrawal amid the scarcity of new Naira notes. Prime Business Africa gathered that over-the-counter withdrawals would consist of N100, N50, N20, N10 and N5 notes,

January 30, 2023

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CBN latest news - Page 24

Old Naira: PoS Operators, Market Women Risk Jail Term, As CBN Threatens Arrest

CBN Sets Limit For GTBank, Zenith Bank, Others On New Naira Withdrawal

Dollar Rate Falls By 0.80% In Bureau De Change Window

Pres. Buhari’s Request To Restructure CBN Loan Suspended Again

CBN Act Prevents Banks From Rejecting Old Naira After Deadline, Emefiele Meets Reps

Video: New Naira Scarcity Forces Nigerians To Fight At ATMs

CPPE’s Muda Yusuf Tackles CBN’s Emefiele Over Naira In Circulation Claim

Old Naira: Expert, Muda Yusuf, Compares UK, CBN’s Currency Transition, Obstacles

Old Naira: How CBN’s Deadline Is Disrupting Ecowas Regional Trade – Dr. Muda Yusuf

Banks To Hand Out Only N100, N50, N20, Other Lower Notes Amid New Naira Scarcity

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