Central Bank of Nigeria
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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) […]
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 […]
A former Deputy Governor of the Central Bank of Nigeria, Dr Obadiah Mailafia, and a professor of Political Economy, Pat Utomi, have faulted the CBN Governor, Godwin Emefiele’s justification of printing money to support government. Mailafia and Utomi, in separate interviews on Sunday, stated that there was no basis for comparing what Nigeria did […]
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 […]
The Minister of Communications and Digital Economy, Dr Isa Pantami, has said the Federal Government plans to replace Bank Verification Numbers with the National Identity Numbers. The minister said this while briefing newsmen after a facility tour and inspection of the ongoing NIN enrolment exercise at NIMC and other designated centres in Abuja. He […]
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