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166 stories tagged cbn.
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The Central Bank of Nigeria (CBN) has explained the reason for the simplicity of the naira redesign. Last week, President Muhammadu Buhariunveiled the redesigned naira notes. However, many Nigerians expressed…
Reactions have continued to trail the unveiling of new Naira notes by President Muhammadu Buhari. TalkGlitz had earlier reported that President Buhari unveiled the new naira notes. The Naira notes redesigned are the…
The President, Muhammadu Buhari has unveiled the redesigned naira notes. Buhari unveiled the new currency notes at the Council Chambers of the State House on Wednesday morning before the federal executive council (FEC)…
Yoruba socio-political organization, Afenifere; and its northern and eastern counterparts, Arewa Consultative Forum and Ohanaeze Indigbo, respectively, on Saturday shared the idea of former Vice-President Atiku Abubakar…
The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, said eNaira has recorded 700,000 transactions valued at N8 billion. The eNaira platform was launched and was inaugurated by President Muhammadu Buhari…
President Muhammadu Buhari, says the Central Bank of Nigeria (CBN) has his support to launch new designs and replace high-value naira notes. This was disclosed in a statement by the president’s media aide, Malam Garba…
The Governor of the Central Bank of Nigeria, Godwin Emefiele, announced that the bank would release redesigned Nigerian Naira notes by December 15, 2022. He also said that existing notes will stop being considered legal…
President Mohammed Buhari has given reasons for not sacking the Governor of the Central Bank, Godwin Emefiele, over his partisan activities. President Muhammadu Buhari has said the Governor of the Central Bank, Godwin…
The Governor of the Central Bank of Nigeria has announced his support for All Progressives Congress, after submitting a formal nomination form. N100 million APC Presidential form reportedly picked up by the CBN Governor…
Kuda Microfinance Bank has issued an official press statement regarding the incident that occurred at its premises on Tuesday. TalkGlitz earlier reported that a customer of the Fintech, Abdulqudus was bundled away and…
The federal government is being owed a whooping sum of N5.2 trillion. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this at the launching of the Project Lighthouse Debt Analytics &…
The Central Bank of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country for violating regulations barring customers from transacting in cryptocurrencies. According to a Bloomberg report…
By Abdulkadir Kabiru Last week, the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, inaugurated the NEXIT-CBN Agri-Business, Small and Medium Enterprise Scheme (AGSMEIS).…
The Nigerian senate passes a new bill to banks as it mandates them to report any deposit over N5m (5 million naira) to the Economic and Financial Crimes Commission (EFCC). In a bid to fight against the practice of money…
Despite the high expectations and hype around the Central Bank of Nigeria’s digital currency- the eNaira- major retailers and vendors in the country are yet to adopt it over four months after launch. Following months of…
Binance, the world’s largest cryptocurrency exchange by volume, is probing 281 Nigerian personal accounts for possible regulatory breaches. The company has restricted the accounts to ensure the platform’s security and…
The Central Bank of Nigeria has released a guide for bank customers and others on how and where they can lodge complaints against financial institutions regulated by it. The financial institutions include commercial…
With groundbreaking value drivers, prominent financial institution Parallex Bank has become the latest entrant into the commercial banking industry in Nigeria. Having launched on Friday, January 14, 2022, at the bank’s…
Nigeria’s total debt stock rose from N32.9tn as of December 2020 to N39.6tn in November 2021. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in her presentation of the 2022 approved budget,…
A United States-based magazine, Global Finance, says the Central Bank of Nigeria has failed to curb rising inflation and stop the naira from sliding against the United States dollar. This was disclosed in an October…
