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CBN latest news - Page 29

19 Bank Workers Sacked, As Nigerian Banks Lose N1.17 billion To Fraud

GTBank, UBA, Others To Borrow Exporters N500 billion Due To Forex Scarcity

Guaranty Trust Bank (GTBank), United Bank for Africa (UBA), First Bank, and other Nigerian lenders have agreed to loan N500 billion to export-oriented companies. According to the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, the banks resolved on borrowing

December 12, 2022

Nigerian Banks Earn N135.52 Trillion From CBN's Naira Policy, E-Payment

Business

CBN’s Godwin Emefiele Tells GTBank, Zenith, Others To Source Non-oil Export Forex

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has urged banks to source for foreign exchange (forex) through non-oil exports. Emefiele said Nigerian banks, which consist of GTBank, Zenith Bank, Access Bank, Stanbic IBTC, Wema Bank, among others, should

December 12, 2022

Business

House Of Reps Summon Godwin Emefiele Over New Withdrawal Policy, Call For Suspension

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been summoned by the House of Representatives over its new withdrawal policy. Prime Business Africa had reported that the central bank instructed banks and other financial institutions to reduce withdrawal

December 8, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

CBN Warns Banks Rejecting ATM’s Amid Customer Complaints

CBN Warns Banks switching companies, and other relevant parties warned against rejecting payment cards issued by other financial institutions. The Central Bank of Nigeria (CBN) made the warning in a circular titled, ‘Re: Interoperability and Interconnectivity of the Payments System Infrastructure in

December 8, 2022

Currency

CBN’s New Cash Withdrawal Limit Pushing Cashless Policy Too Hard, Says Dr Mbamalu

The Central Bank of Nigeria’s new cash withdrawal limits for daily and weekly transactions is unsustainable but will speed up cashless policy adoption by Nigerians. Dr Marcel Mbamalu, CEO of Newstide Publications Limited, publishers of Prime Business Africa, expressed this view on

December 7, 2022

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency·Insights

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

In the first half of 2022, the Central Bank of Nigeria (CBN) sold $9.4 billion to the foreign exchange market to control dollar rate, despite international creditors advising against such intervention. Why CBN’s forex intervention matters? The CBN’s $9.4 billion intervention in

December 2, 2022

Naira Appreciates To N869/$1 As Experts Debate Stability

Currency

Naira Reissue To Flush Out Counterfeit From Circulation – CBN

The Central Bank of Nigeria (CBN) has explained that the Naira notes redesign policy it recently introduced would help to remove fake currency in circulation and discourage hoarding of cash by members of the public. The apex bank is of the view

December 1, 2022

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business·Currency

Currency Redesign Can’t Improve Naira Value – CBN

The Deputy Director, Currency Operations Department of the Central Bank of Nigeria (CBN), Amina Halidu-Giwa, said the apaex bank’s redesigning programme will not improve naira value or strengthen the national currency. Halidu-Giwa said the improvement of the naira against foreign currencies is

December 1, 2022

Business

CBN Issues 8 New Guidelines For Banking Licence, Flags Terrorism Financing

New and pending requests for banking licence could be rejected on the grounds of Money Laundering and Terror Financing history, the Central Bank of Nigeria (CBN) has disclosed in new guidelines. The central bank released the guidelines for individuals and entities in

December 1, 2022

Business·Currency

Redesigned Naira: CBN Finally Addresses Controversial N5000 Notes

The Central Bank of Nigeria (CBN) has reacted to claims that it plans to release N5000 notes after redesigning the existing lower denominations. According to the CBN’s Director of Currency Operations, Ahmed Umar, the apex bank is not introducing N5000 notes, contrary

November 30, 2022

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CBN latest news - Page 29

GTBank, UBA, Others To Borrow Exporters N500 billion Due To Forex Scarcity

CBN’s Godwin Emefiele Tells GTBank, Zenith, Others To Source Non-oil Export Forex

House Of Reps Summon Godwin Emefiele Over New Withdrawal Policy, Call For Suspension

CBN Warns Banks Rejecting ATM’s Amid Customer Complaints

CBN’s New Cash Withdrawal Limit Pushing Cashless Policy Too Hard, Says Dr Mbamalu

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

Naira Reissue To Flush Out Counterfeit From Circulation – CBN

Currency Redesign Can’t Improve Naira Value – CBN

CBN Issues 8 New Guidelines For Banking Licence, Flags Terrorism Financing

Redesigned Naira: CBN Finally Addresses Controversial N5000 Notes

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