Tag: CBN
Old Naira notes remain legal tender – CBN
The bank said there had also been reports of anxiety among some members of the public over the legality or…
What you need to know about lifting of Forex restrictions on 43 items
The restrictions pushed importers into the parallel market, contributing to the surplus demand for FOREX. This weakened the parallel-market exchange…
CBN lifts forex ban on toothpick, rice, 41 others
The bank's director of corporate communications, Dr Isa Abdulmumin said the ban was lifted as part of moves to boost…
eNaira: No cause for alarm, says CBN
AbdulMumin was reacting to a recent media report that raised concerns about Nigeria’s Central Bank Digital Currency (CBDC), eNaira, indicating…
Beneficiaries fume over recovery of COVID-19 intervention loans
The COVID-19 loans were disbursed to beneficiaries by NIRSAL, an entity owned by CBN, at an interest rate of five…
Cleaning the Augean Stable of CBN: An Imperative for Socio-Economic Advancement
We unequivocally call on all anti-corruption agencies to beam their searchlights on the operations of the Central Bank and its…
CIBN declares support for efforts by Tinubu, CBN to save the naira
CIBN also commended President Bola Tinubu for the ongoing efforts to unify the Naira exchange rate to save the country…
CBN to adopt proactive measures to halt Naira’s free fall within days
Acting CBN Governor, Folashodun Shonubi, said in Abuja that President Bola Tinubu is very concerned about some of the goings…
President Tinubu appoints special investigator to probe CBN amid Emefiele’s trial
“You are to investigate the CBN and related entities using a suitably experienced, competent and capable team and work with…
CBN relaxes restriction on domiciliary accounts
AbdulMumin said that this is in order to improve FX supply, discourage speculation, enhance customer confidence and ensure overall stability…
O Godwin Emefiele, How Art Thou Fallen!
O Godwin, where are your backers, protectors and soldiers today? You enjoyed the ride and thought it would last forever.…
Nigerians jubilate over Tinubu’s suspension of CBN Governor Emefiele
The president ordered Emefiele's suspension on Friday evening sequel to the ongoing investigation of his office and the planned reforms…
JUST IN: CBN hikes interest rate to 18.5%
He said the CBN's Monetary Policy Committee (MPC) raised the Monetary Policy Rate (MPR) by 50 basis points from 18.0% to…
Naira scarcity: NLC, TUC suspend proposed actions against CBN
The NLC had last Wednesday issued a seven-day ultimatum to the Central Bank of Nigeria, CBN to find solutions to…
Banks comply with CBN’s directive to work weekends
Banks in satellite towns of the Federal Capital Territory (FCT), on Saturday, opened for business as directed by the Central…
NLC set to picket CBN offices nationwide over Naira scarcity
He said that as at Wednesday morning, when the CWC met again to review the situation, it discovered that not…
Nigeria’s economy maintains nine-quarter consecutive growth – CBN
According to Emefiele, the improved performance of the economy has been driven largely by sustained growth in the services and…
JUST IN: NLC issues 7-day ultimatum to FG, CBN to end Naira scarcity
He said on the issue of cash crunch, the NLC is giving the federal government, the agencies of government including…
Breaking: CBN has no reason not to comply with Supreme Court’s judgement – Buhari
Presidential spokesman, Garba Shehu, in a statement on Monday said the CBN has no reason not to comply with the…
Anger as Emefiele reacts to negative story about him but keeps mum on Supreme Court judgement
Emefiele has refused to obey the apex court's judgement 10 days after it came, as he has refused to direct…
CBN appoints Abdulmumin new spokesman
Abdulmumin, who is a deputy director has been in the Corporate Communications Department of the CBN since he joined the…
Old Naira notes remain legal tender, spend it – Supreme Court tells Nigerians
The apex court had on February 8, 2023 granted an interim injunction to allow the old naira notes to be…
Breaking: Supreme Court fixes March 3 to deliver judgement on CBN’s Naira redesign policy
The Naira redesign policy has been causing untold hardship on Nigerians, leading to series of protests and burning of banks…
Naira crisis: All eyes on Supreme Court today as governors battle FG, CBN
The CBN's Naira redesign policy has impoverished the masses. Many are hungry as the new naira notes are nowhere to…
How fake news statement on old naira notes appeared on my social media pages – Aisha Buhari
She said her Instagram account was hacked and that the hacker posted the fake statement which also appeared on her…
Aisha Buhari is a liar, we didn’t extend use of old naira notes by 70 days – CBN
Aisha had shared a statement purportedly emanating from the CBN on all her verified social media platforms that the apex…
Ganduje: Kano people suffering from ‘COVID-23’
Gov. Abdullahi Ganduje has said the effect of the currency redesign policy of the Central Bank of Nigeria, CBN and…
CSOs challenges FG, CBN on hoarders of Naira notes
The CSOs said this in reaction to claim by the Federal Government that some people were keeping billions of old…
2023 Elections, Opinion, Top Stories
Foolish CBN! Vote-buying made Easy
What the CBN didn't realise is that politicians have enough of this new notes at their disposal. Vote-buying will now…
Naira crisis: CBN compromised, Buhari runs it from Aso Rock Villa – Ezekwesili
She faulted the apex bank on the naira redesign policy, which has impoverished Nigerians, causing untold hardship in the country.