The Central Bank of Nigeria (CBN) has said it will monitor bank’s strong rooms in Rivers State as a way to checkmate banks that hoard...
The Central Bank of Nigeria (CBN) on Sunday extended the deadline for the exchange of old naira notes. Godwin Emefiele, the CBN governor, extended the...
CBN Vows To End Circulation Of Old Naira Notes January 31 As Emefiele Offers Apologies To Proponents Of Extension
The Central Bank of Nigeria (CBN) has said there is no going back on the January 31 deadline for old Naira notes. The apex bank...
Buhari Silent On Extension Of Deadline On New Naira Notes, Defends Policy, Pledges Elimination Of Squeeze, Chaos In Currency Swap
President Muhammadu Buhari, Saturday assured that government will ensure that citizens are unharmed in their businesses and no disruption is caused to the entire supply...
Extend January 31 Deadline On Old Naira Notes, National Assembly Tells CBN, Emefiele Says No, We Won’t Shift
The Senate and House of Representatives have again asked the Central Bank of Nigeria (CBN) to immediately extend the deadline for the withdrawal of old...
If Nigeria’s public institutions work to their design and purpose daily, and in accordance with the statutes that set them up, which often are as...
Nigeria’s Currency Redesign And Withdrawal Limits: Questionable Policy And Bad Timing
By Stephen Onyeiwu The Central Bank of Nigeria launched new banknotes in November 2022. The new notes came into effect on 15 December 2022. The...
The Central Bank of Nigeria has ordered Deposit Money Banks not to pay customers making over-the-counter withdrawals of new naira notes again. Instead, the apex...
Following the ruckus generated by the new cash policy of the Central Bank of Nigeria (CBN), the apex bank has revised upward weekly cash withdrawals...
NIPOST Distances Self From Controversial N89 Trillion Revenue Collected By CBN As Stamp Duties
The Nigerian Postal Service, NIPOST, has distanced itself from revenue collected on it behalf by Central.Bank of Nigeria (CBN) and other commercial banks in the...