CBN

President Muhammadu Buhari will formally unveil the new naira notes on Wednesday, except the president changes his plan in the coming hours, according to a statement issued by the CBN. The Central Bank of Nigeria had on October 26…

The Central Bank of Nigeria (CBN) has instructed commercial banks in the country to work on Saturdays till January 31, 2023, to enable bank customers to return old naira notes for new ones. The CBN had announced plans to redesign,…

According to data obtained from the website of the Central Bank of Nigeria on Sunday, it revealed that Nigeria’s educational sector suffered massive capital flight during the administration of President Muhammadu Buhari.…

Central Bank of Nigeria (CBN) has promised to protect Nigerians in the unbanked, underserved and rural areas as it plans to redesign the naira. This was issued in a statement signed by the CBN’s Director of Corporate Communications,…

Central Bank of Nigeria, CBN, has denied a purported plan to introduce N2,000 and N5,000 notes in the country. Reports had it that on the heels of plans to redesign a few currency notes, some Nigerians especially on social media had…

The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has expressed alarm about the naira's precipitous decline since the Central Bank of Nigeria announced the redesign of its currency (CBN).…

Central Bank of Nigeria, CBN is targeting a stronger digital economy to support the growth of the financial systems. This is even as the digital currency, eNaira, records 190.1 per cent growth in transactions relative to its level…

Governor Godwin Obaseki of Edo State has faulted the move to redesign the naira, claiming it has no economic basis and purely political plan. He said this while inaugurating the Edo State Peoples Democratic Party (PDP) Women Campaign…

Muslim Rights Concern (MURIC) has supported the move by the Central Bank of Nigeria (CBN) to redesign the naira. However, the Islamic human rights organization gave the condition that Arabic Ajami must be inscribed on all naira…

Prof. Kingsley Moghalu, a former Deputy Governor of the Central Bank of Nigeria (CBN) has commended the apex bank on the proposed redesigning of the Naira. Moghalu, a Nigerian Political Economist who gave the commendation in a…

The Central Bank of Nigeria (CBN) has insisted that it followed the law and proper procedure to carry out the exercise, which has been overdue for 12 years, in response to claims made by the Minister of Finance, Budget, and National…

The Minister of Finance, Budget, and National Planning, Zainab Ahmad, on Friday, rejected the notion two days after the Central Bank of Nigeria (CBN) unveiled plans to redesign the naira, saying that it would have catastrophic effects…

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says about one-third of the world economy is currently in recession due to the damaging effects of COVID-19 pandemic and the ongoing war between Russia and Ukraine.…

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged foreign investors to consider Nigeria and other African countries as choice destination for investment. According to a post on CBN twitter handle,…

Godwin Emefiele, the Governor, Central Bank of Nigeria (CBN) has urged early detection of challenges in banks and quick intervention to avert financial distress of depositors. This is contained in a statement posted on the CBN…