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Central Bank of Nigeria News - Page 16

CBN Places Service Restriction On PoS Agents Across Nigeria

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

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

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

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

Business

Farmers, Exporters, Others Receive Over N4.81 trillion CBN Intervention

The intervention funds received so far by the private sector from the Central Bank of Nigeria (CBN) have increased to N4.81 trillion as of November 2022. Prime Business Africa gathered that the funds were disbursed into several programmes; Real Sector Facility, Anchor

November 29, 2022

Nigeria’s Minimum Wage Now N19,355 – World Bank Says, Reveals Factors Hindering Growth

Business·Currency

CBN’s Deposit Record Rises By N165 billion On Old Naira Deadline

The Director of Currency for the Central Bank of Nigeria (CBN), Rasheed Adams, has disclosed that the financial regulator has received more deposits than it projected since the apex bank urged Nigerians to deposit old naira hoarded from the banking system. According

November 24, 2022

Business·Currency

BDC Operators Drop Dollar Rate As Buhari Unveils New Naira Note

The dollar rate in the black market dropped, hours after President Muhammadu Buhari and the Central Bank of Nigeria (CBN) unveiled the new naira note. In a chat with Prime Business Africa, a Bureau De Change operator in Ogba area of Lagos

November 23, 2022

Business·Currency

1.4 million Agents To Help Rural, Urban Dwellers Meet January 31 Deadline For Old Naira Notes – CBN

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said residents in rural areas have no excuse for not depositing old naira notes before the phase-out deadline of January 31, 2023. There were unconfirmed reports that herdsmen and their leaders

November 23, 2022

Naira Policy: CBN Mops Up N1.6 trillion In Just I Month

Business·Currency

Photos: Buhari Unveils New Naira Notes

President Muhammadu Buhari has unveiled the redesigned naira notes on Wednesday, a day after Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, cancelled the initial launch date. The new move comes clear three weeks earlier than the December 15 date

November 23, 2022

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Central Bank of Nigeria News - Page 16

CBN Warns Banks Rejecting ATM’s Amid Customer Complaints

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

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

Farmers, Exporters, Others Receive Over N4.81 trillion CBN Intervention

CBN’s Deposit Record Rises By N165 billion On Old Naira Deadline

BDC Operators Drop Dollar Rate As Buhari Unveils New Naira Note

1.4 million Agents To Help Rural, Urban Dwellers Meet January 31 Deadline For Old Naira Notes – CBN

Photos: Buhari Unveils New Naira Notes

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Central Bank of Nigeria News - Page 16

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