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Central Bank of Nigeria News - Page 11

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

New Naira Scarcity Forces 80% Of PoS Operators To Shutdown

The National Chief Aggregating Officer of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), Hussein Olanrewaju, said 80 per cent of its members have shut down as a result of the scarcity of new Naira notes. It was gathered

February 8, 2023

Business

CBN Failed In Duty To Manage Naira Redesign Policy – Dakuku Peterside

The former Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dakuku Peterside, said the Central Bank of Nigeria (CBN) failed in its duty to manage the transition from the old Naira to the redesigned banknotes. During a Twitter Space

February 7, 2023

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

Business

Nigerians Divided Over Who To Blame For CBN’s Naira Redesign Crisis

Nigerians are divided over who to blame for the crisis that has erupted from the transition from the old Naira to the redesigned banknotes. Prime Business Africa reported that Nigerians are stripping themselves in banking halls and protesting against banks due to

February 6, 2023

Sterling Bank, AATIF Raise $15m To Fund Renewable Energy-powered Agro-enterprises

Business

Sterling Bank Accused Of Hoarding New Naira Notes, Faces CBN Penalty

Sterling Bank has been accused by the Central Bank of Nigeria (CBN) of breaching the financial regulator’s directive by hoarding the new Naira banknotes from the public. In a trending video, about N6 million of the redesigned currencies were said to have

February 6, 2023

Business·Currency

Prime Business Africa Hosts Twitter Space To Discuss CBN’s Naira Debacle

As Nigerians suffer the ripple effect from the Central Bank of Nigeria’s (CBN) hasty transition from the old Naira to the redesigned banknotes, Prime Business Africa has organised a Twitter space to shed more light on the Naira debacle. The Twitter space

February 3, 2023

Call CBN to arrest POS agents selling naira notes

Business

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

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

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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Central Bank of Nigeria News - Page 11

New Naira Scarcity Forces 80% Of PoS Operators To Shutdown

CBN Failed In Duty To Manage Naira Redesign Policy – Dakuku Peterside

Nigerians Divided Over Who To Blame For CBN’s Naira Redesign Crisis

Sterling Bank Accused Of Hoarding New Naira Notes, Faces CBN Penalty

Prime Business Africa Hosts Twitter Space To Discuss CBN’s Naira Debacle

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

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

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

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

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