As part of its efforts to promote safer, more reliable, and efficient banking and payment systems, the Central Bank of Nigeria (CBN) has implemented a new directive. Nigerian banks have been given a 30-day...
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BREAKING: CBN raises interest rate to 18%, retains other parameters
The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 17.5 percent to 18 percent. Last week, Nigeria’s inflation rate rose to...
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Naira crisis: CBN authorizes use of old notes
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.DAILY POST reports that Soludo,...
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Breaking: CBN orders Banks to dispense old Notes to customers over the counter
Some commercial banks in Lagos have started issuing the old naira notes to customers at their various automated teller machines (ATMs) terminals and over the counter. The development is in compliance with the new...
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It has been approved by CBN’ — Banks begin dispensing old N500, N1000 to customers
Some commercial banks in Lagos have started issuing the old naira notes to customers at their various automated teller machines (ATMs) terminals and over the counter.The development is in compliance with the new directive...
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Naira Notes: Instruct CBN to Respect Court Order, Judiciary, Oluwo Begs Buhari Says Nigerians Are Suffering
The Paramount Ruler of Iwoland, HIM Oba Abdulrosheed Adewale Akanbi, has appealed to President Muhammad Buhari to influence the Central Bank of Nigeria (CBN) to respect the Supreme Court judgement on recirculation of new...
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BREAKING: Supreme court fixes March 3 for judgment in suit against Naira redesign policy
The supreme court says it will deliver judgment in the suit challenging the naira redesign policy of the Central Bank of Nigeria (CBN) on March 3. The seven-member panel of the apex court communicated...
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2023 Election: Finally, INEC receives cash from CBN
The Independent National Electoral Commission (INEC) has finally received cash from the Central Bank of Nigeria (CBN) to cater for election logistics. It’s was reports that although the amount was not disclosed, a National...
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CBN begins door-to-door distribution of new naira notes in Kano
The Central Bank of Nigeria (CBN) has commenced the door-to-door distribution of new naira notes in Kano State. In a bid to address the scarcity of naira notes in the state, the CBN sent...
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Breaking: All ‘Banks to Shutdown from Monday’ as Naira Crisis Worsen
The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has directed all bank workers to stay away from work following attacks until normalcy is restored. The directive is coming as more...
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