The Central Bank of Nigeria, CBN has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations. The CBN has also directed all commercial banks to open for operation on Saturdays …
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The Central Bank of Nigeria, CBN, is set to release all N1,000, N500 and N200 notes in its custody to Deposit Money Banks. A source at the CBN disclosed this to the us on Wednesday. According to him, the apex bank has concluded plans to disburse old notes to Deposit …
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As the controversy associated with the new naira notes rages on, Naija News brings you the latest update on the controversial policy of the Central Bank of Nigeria (CBN). Naira Notes: CBN Governor, Emefiele Insists On Cashless Policy. The Central Bank of Nigeria (CBN) governor, Godwin Emefiele has hinted that …
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 18 per cent from 17.5 per cent. The CBN governor, Mr Godwin Emefiele said this on Tuesday when he read the communique issued at the end of the 290th meeting …
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There were sighs of relief on Tuesday over the return of the old N500 and N1000 notes to markets in the Federal Capital Territory, Abuja, and some other parts of the country. The development was sequel to the directive issued on Monday by the Central Bank of Nigeria, asking Deposit Money Banks …
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The Central of Nigeria has announced its Monetary Policy Committee meeting schedule. Newsextra24 reports this is according to information obtained from CBN’s website on Tuesday. Accordingly, the apex bank stated that the two-day meeting would be held from 20 March to 21 March 2023 in Abuja. MPC is the highest …
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The Central Bank of Nigeria (CBN) has confirmed that old N200, N500, N1,000 notes will remain legal tender until December 31, 2023. The apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin, announced this in a statement on Monday. AbdulMumin stated that the CBN took the decision based on the …
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The Governor of the Central Bank of Nigeria, Godwin Emefiele, has debunked allegations of a fresh plot against the president-elect, Bola Tinubu. There have been rumours that a N500 million budget was mobilised through top CBN agents in Lagos State. The money was said to be “Oga’s own contribution to …
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The Governor of Anambra State, Prof Charles Soludo confirmed on Monday that the Central Bank of Nigeria has asked commercial banks to dispense and accept old naira notes as deposits. Soludo, a former CBN governor, made this known in a statement he posted on his social media handles. He explained …
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The Central Bank of Nigeria, CBN, on Wednesday issued operational guidelines for open banking in Nigeria amid the new Naira notes cash crunch. The guidelines establish principles for data sharing across banking and payment systems, NAN reports. In the guidelines, the apex bank shall provide and maintain an Open Banking …
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