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166 stories tagged cbn.
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Central Bank of Nigeria has directed all commercial banks to open for operation on Saturdays and Sundays, as part of a coordinated effort to ease the circulation of banknotes of various denominations. The apex bank also…
In a press briefing held in Abuja, the President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero, announced that the NLC would be shutting down the Central Bank of Nigeria (CBN) for its failure to make cash…
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has apologized to the citizens of Nigeria for the increase in the number of failed electronic banking transactions. The apology was issued at the…
According to recent data from the Central Bank of Nigeria (CBN), banks’ borrowings from the Standing Lending Facility (SLF) fell by 14% MoM to N453.7 billion in February 2023, down from N528.15 billion in January 2023.…
The Governor of Zamfara State, Bello Matawalle, says the Central Bank of Nigeria (CBN)’s compliance with the Supreme Court Order on old naira notes is a victory for Nigerians. The governor said citizens can now heave a…
The Central Bank of Nigeria (CBN) has complied with the Supreme Court ruling regarding the validity of old N200, N500, and N1000 notes, which will now be accepted until December 31, 2023. The CBN released a statement on…
The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023. Isa Abdulmumin, the CBN spokesperson, announced the development in a statement on Monday evening.…
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has dismissed allegations that he had launched a fresh plot against the president-elect, Bola Ahmed Tinubu. It was reported that Emefiele was plotting…
The Governor of Anambra state, Chukwuma Soludo says the Central Bank of Nigeria (CBN) has directed commercial banks to pay out old notes to customers. In a statement on Monday, Soludo said Godwin Emefiele, the CBN…
Many Nigerians this week faced difficulties making payments for goods and services as traders, motorists, and business owners refused to accept the old Naira notes in anticipation of official approval from the Central…
The Central Bank of Nigeria (CBN) has issued operational guidelines for open banking in the country. Open banking is a financial concept that allows third-party financial service providers to access banking data using…
The Central Bank of Nigeria has debunked rumours of its plans to halt financial transactions from the 23rd to the 27th of February, 2023, ahead of the upcoming elections. A WhatsApp message stating that the apex bank…
The Supreme Court has adjourned the judgement of the new naira policy suit to March 3, 2023. The seven-member panel of the apex court communicated the decision on Wednesday. Justice John Inyang Okoro fixed the date…
The Supreme Court is currently handling a legal battle between the governments of Kaduna, Kogi, and Zamfara and the Federal Government over the naira redesign policy. The case has been consolidated with eleven states as…
On Tuesday, Journalists for Democratic Rights (JODER), a media advocacy group, expressed concerns over the recent cash swap implemented by the Central Bank of Nigeria (CBN). JODER stated that the policy may deny…
Adams Oshiomhole, the former National Chairman of the All Progressives Congress (APC), has voiced his disagreement with President Muhammadu Buhari's decision to redesign the naira notes. Oshiomhole made this known while…
The First Lady of Nigeria, Aisha Buhari has disowned a post shared on her social media account that alleged that the Central Bank of Nigeria (CBN) ordered Deposit Money Banks to collect the old N500 and 1000 notes.…
The Governor of Kaduna State, Nasir El-Rufai says the President, Mohammadu Buhari made a mistake concerning the naira redesign policy. The Governor said the APC governors were against the naira redesign policy because…
The Presidential candidate of the New Nigeria People’s Party (NNPP) Rabiu Musa-Kwankwaso, says he would reverse the naira redesign policy of the Central Bank of Nigeria, CBN if elected in the upcoming election.…
The Central Bank of Nigeria (CBN) has denied reports circulating that it has extended the validity of old N500 and N1,000 notes to May 1st, calling it "fake news." The apex bank has stated that it did not issue such a…
