CBN
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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 […]
Okezie Ikpeazu, governor of Abia state, has suspended Anthony Agbazuere, his Chief of staff following trending video of Agbazuere spraying money on Odumeje, the ‘Indaboski’. In the video shared on Twitter, the suspended Cso is seen spraying naira notes on a dancing Chukwuemeka Ohanaemere, better known as Odumeje, controversial Onitsha-based clergyman. In a short statement […]
The Nigerian former military head of state, Yakubu Gowon has described allegations of the British Parliament Member, Tom Tugendhat as “rubbish”. Tom Tugendhat speaking at the UK parliament on the #EndSARS crises had accused Gowon of looting Nigeria’s treasury. He said “Some people will remember when General Gowon left Nigeria with half of the Central […]
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