Central Bank of Nigeria
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The Economic and Financial Crimes Commission, Makurdi office, and Benue State Police Command have debunked the report trending on social media of the alleged discovery of old naira notes in the capital city, Punch reports. On Tuesday a video went viral online showing sacks of money perceived as the old naira notes which […]
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 […]
Following the move by the Central Bank of Nigeria, CBN, to redesign some Naira notes, the presidency has revealed how the development is affecting some billionaires who may have stashed the currency in their various houses. President Muhammadu Buhari’s Chief spokesman, Femi Adesina in an article on Friday, narrated how a customer stormed […]
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 […]
Emirates Airlines has announced the suspension of its flights from Nigeria with effect from September 1, 2022. The airline’s decision was due to the inability to repatriate its funds from Nigeria. Recall that the airline had in a leaked letter to the Minister of Aviation, Senator Hadi Sirika, said it would reduce its […]
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 […]
Former Deputy Governor of the Central Bank of Nigeria, Prof Kingsley Moghalu, has formally joined the 2023 presidential race after obtaining the ADC Presidential form for the sum of N25m on Tuesday in Abuja. At the ADC national secretariat, Moghalu told newsmen that politics in Nigeria should be detribalised for the nation to […]
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has picked the expression of interest and nomination forms to contest the presidential ticket of the All Progressives Congress (APC). Daily Trust gathered that Emefiele picked the N100 million forms from the party’s organising secretary at the International Conference Centre (ICC) […]
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