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Central Bank of Nigeria News - Page 18

CBN Places Service Restriction On PoS Agents Across Nigeria

Just In: CBN To Release Redesigned Naira Notes, Accuses Nigerians Of Hoarding N2.7 trillion

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has revealed that new naira notes – N200, N500, and N1,000 – will be released on December 15, 2022. Emefiele said the new design will curb ramson payment to terrorists and

October 26, 2022

Business

Sniffer Dogs: CBN’s Emefiele Backs Air Peace’s Claim Against Foreign Authorities, Releases $120 million

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has also made an allegation against foreign aviation authorities, stating that they are harassing Nigerian airlines by unnecessarily using sniffer dogs on them. Prime Business Africa had previously reported that the

October 25, 2022

Business

Godwin Emefiele Ordered To Appear Before Federal High Court Over $70 million Judgement Debt

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been summoned by Justice Inyang Ekwo of the Federal High Court, Abuja, on Thursday, over a judgment debt case. Emefiele had been ordered to pay a Senior Advocate of Nigeria,

October 21, 2022

Polaris Bank Media Seminar: Expert Calls For More Training On Investigative Journalism

Business·Finance & Economy·News

Buyers Of Polaris Bank Still Owe CBN N1.30 Trillion, Apex Bank Reveals

The Central Bank of Nigeria (CBN) has revealed that the acquisition of Polaris Bank by Strategic Capital Investment Limited (SCIL) is worth N1.35 trillion. In a statement released on Thursday following reports that Strategic Capital Investment Limited acquired Polaris Bank for N50

October 21, 2022

Business·News

CBN Loses N1.15 trillion In Strategic Capital’s Acquisition Of Polaris Bank

Strategic Capital Investment Limited (SCIL) has acquired Polaris Bank from Asset Management Company of Nigeria (AMCON) and Central Bank of Nigeria (CBN), making the apex bank lose N 1.15 trillion in the process. The central bank and debt collector agency sold Polaris

October 20, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Bureau De Change Operators Expect Dollar Rate To Rise Above N730 Due To CBN’s Policy

The policies of the Central Bank of Nigeria (CBN) under Godwin Emefiele have been blamed by the Association of Bureau De Change Operators of Nigeria (ABCON) for the hike in dollar rate. According to the President of ABCON, Aminu Gwadabe, the exchange

October 17, 2022

Business

Setback For CBN, As Reps Stop Godwin Emefiele From Selling Polaris Bank

Members of the House of Representatives have suspended the sale of Polaris Bank by the Central Bank of Nigeria (CBN), following allegations that the apex bank plans to sell the creditor cheaper than the capital invested to resuscitate it. There were reports

October 13, 2022

Business

Nigeria Occupies Fourth Position On Most Crypto Transactions Despite CBN Ban

The founder of Patricia, a Fintech company, Hanu Fejiro, said Nigeria is the fourth country in the world with the most crypto transactions despite the ban placed on digital asset transactions in Nigeria. Central Bank of Nigeria (CBN) had banned cryptocurrency from

October 12, 2022

Blockchain: Central Bank System In Its Last Days, Nigerian VP Warns Emefiele-led CBN

Business·Finance & Economy·News

Blockchain: Central Banking Ends Soon, Nigerian VP Warns Emefiele-led CBN

The Vice President, Yemi Osinbajo, says the central banking systems is in its last days due to blockchain technology. He said Central Bank of Nigeria (CBN) must adopt it to survive. Osinbajo has always made a case for digital currency and blockchain,

October 11, 2022

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Dollar To Naira Exchange Rate: Again, CBN’s Intervention Fails To Save Naira Against Dollar

The United States dollar depreciated in value against the naira on Thursday, after the Bureau De Change (BDC) operator cut the cost of buying $1 in the black market by -0.27 per cent. Traders in the parallel market dropped their asking price

October 7, 2022

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Central Bank of Nigeria News - Page 18

Just In: CBN To Release Redesigned Naira Notes, Accuses Nigerians Of Hoarding N2.7 trillion

Sniffer Dogs: CBN’s Emefiele Backs Air Peace’s Claim Against Foreign Authorities, Releases $120 million

Godwin Emefiele Ordered To Appear Before Federal High Court Over $70 million Judgement Debt

Buyers Of Polaris Bank Still Owe CBN N1.30 Trillion, Apex Bank Reveals

CBN Loses N1.15 trillion In Strategic Capital’s Acquisition Of Polaris Bank

Bureau De Change Operators Expect Dollar Rate To Rise Above N730 Due To CBN’s Policy

Setback For CBN, As Reps Stop Godwin Emefiele From Selling Polaris Bank

Nigeria Occupies Fourth Position On Most Crypto Transactions Despite CBN Ban

Blockchain: Central Banking Ends Soon, Nigerian VP Warns Emefiele-led CBN

Dollar To Naira Exchange Rate: Again, CBN’s Intervention Fails To Save Naira Against Dollar

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