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CBN latest news - Page 7

Naira To Sustain Depreciation In 2024 - Analysis Reveals

CBN’s Old, New Naira Notes To Co-exist Indefinitely – Supreme Court Rules

The Supreme Court, on Wednesday, ruled that the old Naira denominations of N200, N500 and N1,000 notes continue to co-exist with the new notes as legal tender till further notice. The Supreme Court had in March 2023 extended the deadline for the

November 29, 2023

Business·Finance & Economy·News

Expert Supports CBN’s Bank Recapitalization Policy, Emphasizes Caution, Stakeholder Engagement

Professor Segun Ajibola, former President of the Chartered Institute of Bankers of Nigeria (CIBN), expressed support for the Central Bank of Nigeria’s (CBN) proposed policy path, focusing on the recapitalization of banks and a return to orthodox banking responsibilities. Regarding Governor Olayemi

November 29, 2023

Emefiele Settles For Plea Bargain In N6.9bn Procurement Fraud Case

News

Alleged N1.6bn Fraud: Emefiele Remanded In Prison As Court Adjourns To January 2024

e Federal Capital Territory High Court, Abuja, has adjourned to January 18 and 19 for a continuation of the trial of former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over an alleged procurement fraud.

November 28, 2023

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Business·Finance & Economy·News

CBN’s FX Reforms Pose Challenges, Opportunities For Investment Bankers, Says AIHN

The winds of change in Nigeria’s financial landscape, stirred by the Central Bank’s foreign exchange (FX) reforms, were acknowledged as a double-edged sword by Ike Chioke, the former President of the Association of Issuing Houses Nigeria (AIHN). Speaking at the Investment Banking

November 28, 2023

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

Business·Finance & Economy·News

CBN Governor Reveals $1.4B Loss Over 8 Years From 43-Item Forex Restrictions

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has revealed losses amounting to $1.4 billion over eight years due to the CBN’s ban on 43 items. Cardoso made this revelation at the 58th Annual Bankers’ Dinner organized by the Chartered Institute

November 25, 2023

CBN Governor Predicts Decline In Inflation, Exchange Rates In 2024

Business·Finance & Economy·News

How CBN Strayed From Core Mandate- Cardoso Vows Realignment

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has unveiled it vision to recalibrate the apex bank’s direction, citing how it strayed away from it core mandate during the previous administration. Highlighting a departure from past practices at the annual bankers’ dinner in

November 25, 2023

FG Files 20 New Charges Against Godwin Emefiele

Business·News·Politics

Emefiele Accused Of N1.6bn Irregularities, Remanded Ahead Of Trial

Mr. Godwin Emefiele, the former Central Bank of Nigeria (CBN) Governor, confronted a six-count charge related to alleged irregularities in procurement, marked by a reduced sum of N1.6 billion from an initial accusation of N6.5 billion in a courtroom drama on Friday, November 17,

November 17, 2023

Naira Depreciation Spurs Export Surge To N35trn

Business·Currency·News

Old, Redesigned Naira Notes Remain Legal Tender – CBN

The Central Bank of Nigeria (CBN) has reiterated that the old and newly redesigned naira notes remain legal tender. The CBN emphasized this point following Section 20(5) of the CBN Act, 2007. Despite previous assurances of adequate cash stocks across the country,

November 8, 2023

Business

Tinubu Threatens To Shock Naira Speculators With N500/$1 Exchange Rate

Presidency has assured that the policies being worked on by the President Bola Tinubu administration will further strengthen the Naira that it will soon exchange for N500 to one United States Dollar.

November 8, 2023

Business·News

Cardoso States His Focus As Sanusi Reminds Him Of CBN’s Massive Impact On Nigerians

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, at the weekend reiterated that the apex bank under his leadership, would concentrate mainly on the core mandate of price stability by curtailing inflation. Prime Business Africa reports that since

November 5, 2023

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CBN latest news - Page 7

CBN’s Old, New Naira Notes To Co-exist Indefinitely – Supreme Court Rules

Expert Supports CBN’s Bank Recapitalization Policy, Emphasizes Caution, Stakeholder Engagement

Alleged N1.6bn Fraud: Emefiele Remanded In Prison As Court Adjourns To January 2024

CBN’s FX Reforms Pose Challenges, Opportunities For Investment Bankers, Says AIHN

CBN Governor Reveals $1.4B Loss Over 8 Years From 43-Item Forex Restrictions

How CBN Strayed From Core Mandate- Cardoso Vows Realignment

Emefiele Accused Of N1.6bn Irregularities, Remanded Ahead Of Trial

Old, Redesigned Naira Notes Remain Legal Tender – CBN

Tinubu Threatens To Shock Naira Speculators With N500/$1 Exchange Rate

Cardoso States His Focus As Sanusi Reminds Him Of CBN’s Massive Impact On Nigerians

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