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Central Bank of Nigeria News - Page 17

Cash In Circulation Up By N701.4 billion, Emefiele's CBN Loses Control Again

Money Supply Hits N50.5 trillion On Naira Reissue

Money Supply in Nigeria has crossed N50.5 trillion, the Central Bank of Nigeria (CBN) has revealed. This comes as the financial services regulator plans to release redesigned naira notes. The money supply had closed last year with N44.4 trillion but following a

November 21, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

EFCC Boss, Bawa, Makes Shocking Prediction On Dollar Rate

The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, said the dollar could exchange for the naira at N200 due to the decision of the Central Bank of Nigeria (CBN) to redesign the currency. Bawa explained that redesigning the

November 16, 2022

Business·Currency

Naira Reissue: Bank Deposits Rise Significantly

Naira deposits in commercial banks have increased since the Central Bank of Nigeria (CBN) announced the country’s currency reissue plans. Based on the announcement, there has been significant increase in deposits, according to CBN’s Director of Corporate Communications, Ostia Nwanisobi. He, however,

November 15, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

CBN Pensioners, Retirees Protest Proposed Amendment Of CBN Act 2007

Pensioners and retirees of the Central Bank of Nigeria (CBN) have protested the attempt by some members of the National Assembly to amend the CBN Act 2007. They conveyed their displeasure in a letter dated October 25, 2022, and titled “CBN PENSIONERS

November 15, 2022

Business

Farmers Lament Over CBN’s Anchor Borrowers Programme, Warn Of Food Crisis

Farmers have opposed the decision of the Central Bank of Nigeria (CBN) to halt the Anchor Borrowers Programme, demanding for the intervention of President Muhammadu Buhari. The Central Bank of Nigeria had stopped the Anchor Borrowers Programme, which offers farmers affordable credit,

November 11, 2022

Nigeria Accounts For 35% Of Foreign Airlines’ Trapped Funds Globally

Business

Emirates Airline Suspends Nigerian Operation In Protest Over Trapped Revenue

Emirates, the national carrier of the United Arab Emirates (UAE), has suspended flights in Nigeria, as the company complains of its revenue trapped in the country. Scarcity of dollar had led to foreign airlines’ funds being trapped in Nigeria, as the country’s

November 3, 2022

Moghalu Highlights How Trump’s Presidency Will Affect African Economies

Business

Moghalu Criticises CBN’s Godwin Emefiele Over Redesigned Naira Notes

The former Deputy Governor of Central Bank of Nigeria (CBN), Kingsley Moghalu, has again criticised current CBN governor, Godwin Emefiele, for politicising the apex bank. Moghalu said the criticism trailing the redesigned naira notes is due to Emefiele politicising the office. Recall

November 3, 2022

Failure To Scrap Fuel Subsidy, Cash Shortage Major Fiscal Risk To Nigeria’s Economy - FocusEconomics

Business·News

Why I Support CBN’s New Naira Designs – Buhari

President Muhammadu Buhari on Sunday said that the decision of the Central Bank of Nigeria (CBN) to launch new designs to replace high value Naira notes had his support and is convinced that the nation will gain a lot by doing so.

October 30, 2022

Business·Currency

Redesigned Naira: Finance Minister Tackles CBN Governor, Asks Lawmakers To Summon Emefiele

The Finance Minister, Zainab Ahmed, has asked the National Assembly to summon the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over the redesigned naira notes. Ahmed said the central bank chief did not consult with her ministry before informing

October 28, 2022

Business·Insights

GTBank, Zenith Bank, Others’ N3.14 trillion Revenue Threatened, As CBN Suspends Deposit Charge

The Central Bank of Nigeria (CBN) has suspended deposit fee or bank charge, and this will serve a huge blow on the revenue of over 10 commercial banks operating in the country. CBN Governor, Godwin Emefiele, had disclosed the suspension during a

October 27, 2022

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Central Bank of Nigeria News - Page 17

Money Supply Hits N50.5 trillion On Naira Reissue

EFCC Boss, Bawa, Makes Shocking Prediction On Dollar Rate

Naira Reissue: Bank Deposits Rise Significantly

CBN Pensioners, Retirees Protest Proposed Amendment Of CBN Act 2007

Farmers Lament Over CBN’s Anchor Borrowers Programme, Warn Of Food Crisis

Emirates Airline Suspends Nigerian Operation In Protest Over Trapped Revenue

Moghalu Criticises CBN’s Godwin Emefiele Over Redesigned Naira Notes

Why I Support CBN’s New Naira Designs – Buhari

Redesigned Naira: Finance Minister Tackles CBN Governor, Asks Lawmakers To Summon Emefiele

GTBank, Zenith Bank, Others’ N3.14 trillion Revenue Threatened, As CBN Suspends Deposit Charge

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