Tag: CBN
CBN lifts ban on cryptocurrency transactions
The apex bank had in February 2021 restricted banks and other financial institutions from operating accounts for cryptocurrency service providers…
Naira scarcity: CBN blames banks, PoS operators
The apex bank warned the banks and PoS involved in the alleged collusion to desist from it even as it…
CBN breaks silence on banks failing Capital Adequacy Ratio stress test
CBN urged Nigerians to always rely on official channels for information and avoid speculation based on unverified sources.
BVN, NIN: Sanction banks, not customers, expert urges CBN
A financial expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to sanction banks that allow customers…
CBN announces date to freeze all bank accounts without BVN, NIN
The CBN, in a circular jointly signed by the Director, Payments System Management Department, Chibuzo Efobi, and Director, Financial Policy…
CBN orders banks to issue, accept old, redesigned Naira banknotes
This follows the order of the Supreme Court on Wednesday, November 29, 2023, granting the prayer of the Minister of Justice…
CBN extends use of old Naira notes indefinitely
"Without prejudice, the Central Bank of Nigeria wishes to inform the general public of its desire to extend the legal…
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…