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166 stories tagged cbn.
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The Presidential Candidates of the Social Democratic Party (SDP), and the Young Progressives Party (YPP) have criticized the Central Bank of Nigeria (CBN) over the currency redesign policy. The presidential hopefuls…
The House of Representatives ad hoc committee has rejected the deadline extension for the validity of the old naira notes. The Central Bank of Nigeria (CBN) had earlier fixed January 31 as the deadline for depositing…
The House of Representatives yesterday asked the Central Bank of Nigeria, CBN, to extend the deadline for use of the old naira notes by at least six months, since the new notes were not readily available. It also…
As the January 31 deadline to phase out old naira notes inches closer, the new banknotes’ shortage across the country takes its toll on Nigerians. The heat continues to mount as the Speaker of the House of…
The Central Bank of Nigeria (CBN) has launched the Nigerian national domestic card scheme in order to strengthen the country's electronic payment system. The Nigerian national domestic card scheme is an initiative to…
The Speaker of the House of Representatives, Femi Gbajabiamila, has threatened to issue an arrest warrant for Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), and other bank executives if they ignore the…
The Central Bank of Nigeria (CBN) has dismissed claims that the newly redesigned naira notes are in short supply. CBN said the apex bank has “massively” supplied banks with the new currency and directed them to disburse…
The Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), interest rate, from 16.5 per cent to 17.5 per cent to rein in inflation. In December, Nigeria’s inflation rate fell slightly from 21.47 per…
The Central Bank of Nigeria has requested the Collaboration National Youth Service Corps (NYSC) on the use of internet money for Corps members. CBN also said the electronic platform would offer its users ease of payment…
Despite a directive by the Central Bank of Nigeria (CBN) to banks to load their Automated Teller Machines (ATMs) with the redesigned naira notes, financial institutions in many states are still giving their customers…
The Presidential Candidate of the Labour Party (LP) Peter Obi says replacing the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele will not solve the country’s fiscal problems. Obi said Nigeria’s current…
The Department of State Services (DSS) has denied reports that it invaded the premises of the Central Bank of Nigeria (CBN). There were reports on Monday across News and social media platforms that the DSS stormed the…
The Central Bank of Nigeria (CBN) has threatened to penalise any commercial banks that fail to comply with its directives. The CBN warned commercial banks against putting old naira notes into Automated Teller Machines…
The Debt Management Office (DMO) has explained that public debt would only hit the projected N77 trillion if the ways and means advances from the Central Bank of Nigeria (CBN) are included. The DMO on Thursday said that…
The Senate has urged the Central Bank of Nigeria (CBN) to extend the deadline for the withdrawal of old naira notes from circulation. The CBN was encouraged by the Senate to extend the deadline to June. CBN had on Oct.…
The Central Bank of Nigeria, CBN, has raised its weekly cash withdrawal limits set for individuals and corporate organisations to N500,000 and N5 million, respectively. The directive is contained in a circular issued by…
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has again written to the House of Representatives, informing it of his unavailability to brief them on the new withdrawal policy of the bank. The CBN…
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has ruled out the possibility of reversing the ongoing implementation of the cashless policy. Despite criticisms trailing the CBN's newly introduced…
The House of Representatives is demanding the Central Bank of Nigeria (CBN) to suspend the limits on weekly cash withdrawals by individuals and corporate entities. The resolution was passed during a plenary session on…
The Central Bank directed deposit money banks and other financial institutions to ensure that over-the-counter cash withdrawals by individuals and corporate entities per week do not exceed N100,000 and N500, 000,…
