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166 stories tagged cbn.
All Versions of Naira Notes Remain Legal Tender, No Expiry Date The Central Bank of Nigeria (CBN) has reassured the public that all versions of the naira, including the old and new N1000, N500, N200 notes, as well as…
2024 IFIC honors OPay for advancing financial inclusion in Nigeria Leading Nigerian financial services provider OPay has been honored with the prestigious International Financial Inclusion Conference (IFIC) Award for…
Spot Checks Begin Nationwide, Customers Advised to Report Cash-Withdrawal Challenges The Central Bank of Nigeria (CBN) has announced immediate nationwide spot checks on bank branches to enforce cash distribution…
The Nigerian Central Bank (CBN) has successfully eliminated the $7 billion foreign exchange (forex) backlog that was pending when Governor Yemi Cardoso took office. Yesterday, the Acting Director of Corporate…
Nigeria witnessed an unprecedented surge in its broad money supply, reaching a new peak of N93.72 trillion as of January 2024, illustrating a significant leap forward. This amount reflects a remarkable increase of 76%…
The Central Bank of Nigeria, acting on behalf of the Federal Government, has initiated the process of settling outstanding matured foreign exchange (FX) forwards owed to various creditors, according to sources familiar…
In a surprising turn of events, the Nigerian naira witnessed a significant plummet against the United States dollar in the informal market on Wednesday, culminating in a closing rate of 900 naira per dollar. This latest…
In a recent turn of events, indications have surfaced suggesting that Mr. Godwin Emefiele, the suspended governor of the Central Bank of Nigeria (CBN), might be considering a plea bargain arrangement with the Federal…
In a significant development, human rights lawyer Femi Falana has revealed that the Central Bank of Nigeria (CBN) has been taken to court over its decision to float the Naira currency. Falana made this revelation during…
In a significant legal development, the Federal High Court in Lagos has officially dismissed charges of illegal possession of firearms and ammunition that were lodged against Godwin Emefiele, the suspended Governor of…
In a call for enhanced transparency and accountability within Nigeria's financial sector, Professor Mujahid Oliyide, a distinguished financial expert and Professor of Financial Law at Olabisi Onabanjo University, has…
In a concerning turn of events, the Nigerian government's focus on the recent coup in Niger Republic has coincided with a further plummet of the naira in foreign exchange markets last week. The national currency hit an…
The Central Bank of Nigeria (CBN) has underscored that the nation's inflation rate stands as a positive outlier compared to many African countries. The revelation came from the Acting Governor of the CBN, Folashodun…
The Central Bank of Nigeria (CBN) has issued a call to all Nigerians to refrain from spraying, hawking, or mutilating the naira notes to maintain the integrity of the national currency. This appeal was made by the…
The Central Bank of Nigeria (CBN) has announced the exemption of microfinance banks (MFBs) and primary mortgage banks (PMBs) from paying processing fees for withdrawals above the cash withdrawal limits. This decision…
In a dramatic turn of events today, the suspended Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has been granted bail by the Federal High Court sitting in Lagos. This comes after his month-long…
In a recent e-Naira sensitization forum held at the University of Abuja, the Central Bank of Nigeria (CBN) clarified that its digital currency, the e-Naira, was not introduced as a competitor to the digital cash…
In a significant development, the Central Bank of Nigeria (CBN) has announced the inclusion of the naira, the country's legal tender, as a payout option for diaspora remittances. This move aims to provide more…
Godwin Emefiele, the suspended governor of the Central Bank of Nigeria (CBN), is anxiously awaiting the outcome of the fundamental human rights suit he filed against the Department of State Services (DSS) in an effort…
Dr Isa Abdulmumin, Director of the Corporate Communications Department at CBN, emphasized this commitment during the CBN fair held in Bauchi on Friday. Recognizing the challenges faced by young individuals in securing…
