CBN
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The Central Bank of Nigeria, CBN, has reduced the maximum over-the-counter (OTC) cash withdrawal per week for individuals to N100,000 and N500,000 for corporate organisations. The apex bank also limited individual Point of Service (POS) to N20,000 per day. This information was contained in a circular by the CBN and addressed to all […]
The governor of Edo state, Godwin Obaseki, has said that the federal government’s plan to redesign the naira notes is a political move. It was during the inauguration of the Edo Peoples Democratic Party Women Campaign Council on Wednesday at the presidential campaign secretariat in Benin, the governor made the statement. On October […]
President Muhammadu Buhari says the Central Bank of Nigeria (CBN) has his backing to redesign the naira notes. According to the president, Nigeria has a lot to gain from the change in naira notes. He added that he did not consider three months for the change to the new notes as being short. […]
The Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, on Wednesday announced that 200, 500, & 1000 Naira notes will be redesigned in December 2022. CBN Governor, Godwin Emefiele, who disclosed this during a special press briefing in Abuja, equally advised Nigerians to return the existing old notes to their banks before […]
The Central Bank of Nigeria has raised the interest rate to 13.5 per cent. CBN Governor, Godwin Emefiele, announced this on Tuesday while addressing the reporters after the Monetary Policy Committee meeting in Abuja. Justifying the raise, Emefiele said the MPC is suspicious “there might be an aggressive accretion of inflation”. To prevent […]
The Central Bank of Nigeria CBN said the paper currency will soon be out of circulation, thereby urging market men and women to sign into the e-Naira. This was stated by the CBN Controller of Delta State Branch on Friday, Mr. Godwin Okafor, at the popular Ogbogonogo market during the CBN market sensitisation […]
The Central Bank of Nigeria, CBN, has said it has extended its Naira-4-Dollar scheme until further notice. The apex bank disclosed this in a circular titled: “Re: Introduction of the CBN’s “Naira 4 Dollar Scheme” for Diaspora Remittances.” The circular, signed by Director, Trade and Exchange Department, CBN, Saleh Jibrin, stated: “Further to the […]
Specifically, the CBN governor, Mr. Godwin Emefiele, who visited the Project at Ibeju Lekki, Lagos, weekend, said: “We have taken the decision to sell the crude to the Refinery in Naira because we want to impact the economy. “We also hope that by the time the Refinery start to refine, and sell its petroleum […]
Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele is expected to appear before the House of Representatives’ Public Accounts Committee to render the bank’s audited accounts this Thursday. Chairman of the Committee, Wole Oke, said they would be expected to render accounts from 2014 to 2019. Oke said they had written to […]
Dr. Obadiah Mailafia,the former governor of Central Bank of Nigeria has asked the Nigerian Army to stop making ‘reassuring noises’ and do everything possible to secure the release of the schoolboys abducted last Friday from the Government Science Secondary School, Kankara, Katsina State. Speaking in an interview on Monday, the former CBN deputy governor described […]
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