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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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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