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Central Bank of Nigeria News - Page 9

CBN Asked To Disburse N250 billion To Cushion Subsidy Removal

CBN Begins Door-to-door Delivery Of New Naira Notes After Ganduje Threat

The distribution of the new Naira notes has taken a new turn as the Central Bank of Nigeria (CBN) delivers the cash door-to-door in Kano State. CBN representatives in Kibiya, Rano, and Tundun Wada local government areas in Kano State went to

February 21, 2023

Railway Revenue Drops By N1.31 billion Within Three Months

Business

Naira Scarcity: Railway Managers Demand Cash, Reject Electronic Payment

The management of the Nigerian Railway Corporation (NRC) has stated that its operational policy is against digital transactions, as passengers face Naira scarcity. It was gathered that the railway corporation is turning down passengers who prefer to use electronic channels to pay

February 21, 2023

CBN Denies Discriminating Against People With Physical Disabilities Seeking Job

Business

IMF Calls For Review Of CBN Act 2007, Demand Release Of Financial Statements

The Central Bank of Nigeria (CBN) Act 2007 needs to be reviewed to align with international best practices, the International Monetary Fund (IMF) observes. IMF stated in its latest Report – ‘Nigeria: 2022 Article IV Consultation’ – that the CBN Act is

February 20, 2023

Atiku Highlights Why Nigeria’s 2025 Budget Is Unsustainable

Business

Atiku Withdraws Support Over CBN’s Handling Of Old Naira Notes

The presidential candidate of the Peoples’ Democratic Party (PDP), Atiku Abubakar, has began to sing a different tone as regards the deadline the Central Bank of Nigeria (CBN) chose to phase out the old Naira notes. Atiku had supported the 10 February

February 20, 2023

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

CBN Denies Ordering Banks To Accept Old N500, N1000 Notes

The Central Bank of Nigeria (CBN) has denied ordering Deposit Money Banks (DMB) to accept deposits of old N500 and N1000 notes from the public. In a statement released on Friday, CBN’s corporate communications director, Osita Nwanisobi, denied the central bank directed

February 17, 2023

GTCO, First Bank Fail To Make Top Five Performing Nigerian Bank Stocks In H1

Business

Updated: Emefiele Orders Banks To Accept Old N500, N1,000, Set Condition For Depositors

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMB) to accept the old N500 and N1,000 notes but set a limit to customers’ deposits. CBN said the old N500 and N1000 notes are not legal, however, banks are allowed

February 17, 2023

Business

Naira Redesign: Emefiele Issues New Directive To 15 Banks, Dismisses Supreme Court Order

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said he met with some banks on Thursday, 17 February 2023, to discuss how the N200 notes can be disbursed to Nigerians. Emefiele revealed that at least 15 banks have received

February 17, 2023

Business

Buhari Lists 7 Benefits Of CBN’s Naira Redesign Policy, Defends Emefiele’s Actions

President Muhammadu Buhari has defended the Naira redesign policy of the Godwin Emefiele-led Central Bank of Nigeria (CBN). Buhari said all activities of the CBN as regards the Naira redesign policy are being carried out within the ambit of the Constitution, the

February 16, 2023

Buhari's 8years in Office: No Better Way To Squander Goodwill

Business

Buhari Says Old N200 Notes To Remain Legal Till April, Rules Out N500, N1,000 Notes

President Muhammadu Buhari has announced that the old N200 notes will remain legal tenders till 10 April 2023, as he makes changes to the Central Bank of Nigeria’s (CBN) directive to banks. Buhari, in a nationwide broadcast on Thursday, 16 February 2023,

February 16, 2023

Business

Foreign Representatives Meet CBN’s Emefiele Over Naira Redesign Chaos

Diplomatic Corps met with the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday, 14 February 2023, amid the Naira redesign policy that has caused chaos within the country. According to a statement released by the central bank via

February 15, 2023

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Central Bank of Nigeria News - Page 9

CBN Begins Door-to-door Delivery Of New Naira Notes After Ganduje Threat

Naira Scarcity: Railway Managers Demand Cash, Reject Electronic Payment

IMF Calls For Review Of CBN Act 2007, Demand Release Of Financial Statements

Atiku Withdraws Support Over CBN’s Handling Of Old Naira Notes

CBN Denies Ordering Banks To Accept Old N500, N1000 Notes

Updated: Emefiele Orders Banks To Accept Old N500, N1,000, Set Condition For Depositors

Naira Redesign: Emefiele Issues New Directive To 15 Banks, Dismisses Supreme Court Order

Buhari Lists 7 Benefits Of CBN’s Naira Redesign Policy, Defends Emefiele’s Actions

Buhari Says Old N200 Notes To Remain Legal Till April, Rules Out N500, N1,000 Notes

Foreign Representatives Meet CBN’s Emefiele Over Naira Redesign Chaos

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