CBN

Central Bank of Nigeria (CBN) has revealed that the embattled CBN Governor, Godwin Emefiele, has resumed duty after his annual leave abroad. Disclosing this in a press statement  by the Director, Public Relations, Osita Nwanisobi,…

Central Bank of Nigeria (CBN), in line with its mandate to promote stability, inclusion and growth in the financial and payment system, has introduced a national domestic card scheme that becomes effective on January 16, 2023.…

Banking system continued to be resilient with major financial soundness indicators comparing favourably with the prudential thresholds as of the end of October 2022, according to the CBN. The Central Bank of Nigeria (CBN)…

Central Bank of Nigeria (CBN) will commence monitoring of commercial banks to ensure that they comply with the directive of loading the redesigned naira notes in their Automated Teller Machines. The CBN Director, Currency Operations,…

The Central Bank of Nigeria (CBN) has revealed that 25 firms were invited to participate in the sale process of Polaris Bank Limited via the execution of a non-disclosure agreement. The Director of Corporate Communications, CBN,…

Despite the restructuring plan, the World Bank has predicted that interest payments on the Federal Government's borrowing from the Central Bank of Nigeria will consume nearly 62% of government revenue by 2027. The Nigeria Development…

The Senate has urged the Central Bank of Nigeria to swiftly push back the deadline for obsolete Naira notes to be withdrawn from circulation from January 31 to June 30, 2023. Sen. Mohammed Ndume (APC-Borno) raised a point of order at…

The amount spent on preserving the naira has climbed by N10 billion yearly, according to Aisha Ahmad, Deputy Governor, Financial System Stability, Central Bank of Nigeria (CBN). Over 90% of currency management expenditures, according…

The Central Bank of Nigeria (CBN) on Wednesday bowed to pressure from many Nigerians and lawmakers as it announced an upward review of its cash withdrawal limits directive. Individuals can now withdraw N500,000 cash weekly and…

Atiku-Okowa presidential campaign council has said ambitious politicians that run activities with bullion vans are the ones after the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele. The media space has recently been…

The World Bank has cautioned the newly redesigned naira which went into circulation last week may have negative effect on economic activity especially poor Nigerians due to its timing and short transition period. The Washington-based…

The Central Bank of Nigeria (CBN) has countered claims that its new policy limiting cash withdrawals is targeted at point-of-sales (PoS) agents in particular. Though the apex bank, on December 6, set the weekly withdrawal limit at…

Governor of Adamawa State, Ahmadu Fintiri has disclosed that the new cash withdrawal limit policy of the Central Bank of Nigeria (CBN) is targeted at the political class. On Tuesday, Godwin Emefiele, governor of the apex bank placed …

New cash withdrawal restrictions have been set by the Central Bank of Nigeria (CBN) and they go into effect on January 9, 2023. Individuals will only be permitted to withdraw N100,000 per week (from ATMs, Point of Sale machines, or…

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has stated that it would work with law enforcement agencies like the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related…