Tag: Central Bank of Nigeria (CBN)
Cash swap: CBN deploys 200 agents in Jigawa
“Within Jigawa state, we have about 200 agents engaged because we’ve noticed that in rural areas, we have unbanked communities…
Amid scarcity of new Naira notes CBN claims massive supplies
Emefiele advised citizens to deposit their old notes at any commercial bank and obtain new ones as soon as possible,…
Banks in Ogun have sufficient new naira notes to dispense to public – CBN
The CBN also said its monitoring of activities of banks in Ogun state for the past two weeks have revealed…
ATMs now dispensing new notes in Lagos
Twelve days to the deadline after which the old notes will cease to be legal tender, the apex bank’s team…
CBN to sanction banks dispensing old Naira notes
He reminded them that the old N200, N500 and N1,000 notes would cease to be legal tender on Jan. 31,…
CBN begs banks to come for new naira notes as phase out date nears
When asked why some people were selling the new notes, Salam-Alada said that anyone caught selling the new notes or…
DSS: Our operatives didn’t invade CBN
Some reports on Monday had indicated that operatives of DSS invaded CBN as part of the bid to arrest Godwin…
Redesigned Naira: CBN to monitor compliance by commercial banks
According to the CBN director, commercial banks who refuse to comply with the apex bank’s directive, will be penalized.
New Naira Notes: CBN refutes claims on over counter withdrawals
According to him, the direction to banks to disburse new notes via Automated Teller Machines (ATM) intended to supplement over-the-counter…
Cashless: Senate wants new policy reviewed
However, some senators, before the adoption of the recommendations of the report raised concerns over the planned implementation of CBN’s…
Experts back review of cash withdrawal limit
The experts spoke against the background of the CBN Governor, Mr Godwin Emefiele’s comment that government would not be rigid…
CBN speaks on purported plan to introduce N5000 note
According to the apex bank, if there is a need for note restructuring, it would need to coin the lower…
CBN to Finance Minister Ahmed: Buhari approved redesign of naira notes
Godwin Emefiele, the Governor of Central Bank of Nigeria had at a press conference on Wednesday announced the plan to…
CBN to redesign three Naira notes before December
Emefiele said that the action was taken in order to take control of the currency in circulation.
CBN marks 1st anniversary of eNaira
The eNaira, which is Africa’s first Central Bank Digital Currency (CBDC), was formally inaugurated by President Muhammadu Buhari on Oct.…
Reps directs CBN to suspend sale of Polaris Bank
The House set up an Ad hoc Committee to within 20 days review the total outlay by the Federal Government…
Crude oil refiners task CBN on intervention fund
The fund, like the Agricultural Credit Fund or the Pharmaceutical Fund domiciled at the CBN, will help to drive effective…
CBN releases $265m to settle foreign airlines ticket sales remittances
A breakdown of the figure indicates that $230 million was released as a special FX intervention, while another $35 million…
eNaira: CBN to introduce USSD code for transactions
Emefiele noted that approximately 8 million users are targeted. The first phase of the launch was focused on banked users,…
Africa Fintech Foundry to support 10 startups with eNaira: Daniel Awe
According to Daniel Awe, there was the need to increase the adoption of eNaira in the country, as it enhanced…
CBN to introduce USSD code to improve eNaira
The introduction of the USSD code became necessary to improve financial inclusion in the country and to ensure people without…
Why FG arranged single digit loans for creative industry: Lai Mohammed
According to him, it was in the Federal Government's bid to boost the Nigerian film industry.
Fire guts Benue CBN office
Confirming the incident, Donald Ikyaaza, Director of the Benue State Fire Service, said he received a distress call about the…
CBN vows to punish banks for depositing mutilated Naira notes
CBN said that henceforth, composed banknotes discovered in the deposit of DMBs shall attract a penalty of 400 per cent…
Nigeria to earn $200bn in FX repatriation from non-oil exports – CBN
Emefiele said that the programme was a first step meant to ensure that the CBN was better able to carry…
CBN slashes ATM withdrawal, bank charges: The whole new rates
CBN said the decision came amid public outcry against the multiplicity and value of the charges, and was aimed at…
Nigeria’s Crypto Future: Oke Advocates Responsible Innovation and Policy Reform
Nigeria, once celebrated as Africa’s cryptocurrency trailblazer, now stands at a crucial crossroads. On February 5, 2021, the Central Bank…
CBN to check possible e-Naira hackers
The Central Bank of Nigeria (CBN) has assured that it has put in place effective mechanisms to insulate the e-Naira…
CBN tells FG to boost infrastructure investment
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) has urged the Federal Government to prioritise investment in infrastructure to…
Airtel Africa becomes super agent of CBN
According to the notice, the super agent licence is distinct from the Payment Service Bank (PSB) licence, for which the…