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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The Central Bank of Nigeria, CBN, said it had released N114.17 billion to beneficiaries under its 100-for-100 Policy on Production and Productivity since its commencement in January last year. It was disclosed in a communiqué issued by the Governor of CBN, Godwin Emefiele, after the last Monetary Policy Committee, MPC, …
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Days after the Supreme Court nullified the Central Bank of Nigeria’s Naira redesign policy, the apex bank has remained silent. However, checks by Newsextra24 show that some commercial banks have started paying their customers old N500 and N1000 naira notes. We went around major banks in the Nation’s capital and learnt …
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Figures obtained from the Central Bank of Nigeria, CBN, shows the nation’s external reserves dropped by $317 million in February. Its latest data on the movement of external reserves indicated that the figure, which stood at $36.99 billion as of January 31, 2023, fell to $36.67 billion as of February …
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The International Monetary Fund, IMF, has disclosed that only 24 per cent of loans disbursed under the Anchor Borrowers’ Programme of the Central Bank of Nigeria have been repaid. This was disclosed in the IMF’s Selected Issues paper on Nigeria, published in January, prepared by a staff team of the …
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The Central Bank of Nigeria (CBN) has denied plans to shut down banking services ahead of Saturday’s presidential election. Reports had emerged that banking services will be shut down from Thursday, February 23 to Monday, February, 27 2023 The tweet reads, “Go and stock your home. Anyhow you can get …
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The Central Bank of Nigeria, CBN has denied an earlier report that it ordered commercial banks to begin collecting the old N500 and N1000 notes from customers. A report which went viral on Thursday claimed the CBN pegged the maximum amount the commercial banks can collect at N500,000. But the …
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The Central Bank of Nigeria, CBN, has ordered commercial banks to start collecting the old N500 and N1,000 notes from the public immediately. It stated that the maximum amount customers can swap will be N500,000. The Director of Corporate Communications, Osita Nwanisobi, exclusively disclosed this to Newsextra24 in an interview …
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The Central Bank of Nigeria, CBN, has informed citizens that there will be no cash swap for old notes in any financial institution. The CBN already declared the old N200, N500 and N1000 are no longer recognized as legal tender, despite a Supreme Court ruling. The apex bank on Tuesday …
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