Central bank of Nigeria

The claim that more than 2.4 billion dollars were lost due to the unlawful sale of 40 million barrels of crude oil is unfounded, according to the Attorney General of the Federation (AGF) and Minister of Justice Abubakar Malami. This…

Nigeria Labour Congress, NLC has suspended its strike scheduled to commence tomorrow over Naira scarcity rocking the nation. The pressure group earlier disclosed that it would begin an indefinite strike from tomorrow, (Wednesday),…

Central Bank of Nigeria (CBN) has debunked online reports making rounds, claiming the apex bank has approved the circulation of old naira notes till December 31, 2023. Isa Abdulmumim, acting director corporate communications, who…

First Lady, Aisha Buhari, has denied posting the purported Central Bank of Nigeria press release shared on her Instagram page on Tuesday, stating that it was the handiwork of hackers. In the release shared on Aisha’s page on Tuesday,…

Nigeria's external reserves fell by $427.14m in one month, figures obtained from the Central Bank of Nigeria, CBN revealed on Monday. This is as the crisis in the country’s currency worsened over the scarcity of the new naira notes.…

The Central Bank of Nigeria (CBN) has denied reports making the rounds that it has authorized deposit money banks to collect the old N500 and N1,000 banknotes. In a statement by CBN’s Director of Corporate Communications Osita…

Kaduna State Governor, Malam Nasir El-Rufai, on Thursday, said President Muhammadu Buhari has been deceived by the Central Bank of Nigeria led by Godwin Emefiele, over the naira redesign. El-Rufai said in his statewide broadcast late…

Speaker of the House of Representatives, Femi Gbajabiamila, has criticised the declarations made by President Muhammadu Buhari on new and old naira notes in a national broadcast on Thursday morning as negating the ruling by the Supreme…

President Muhammadu Buhari, on Thursday morning addressed the nation in a televised broadcast where he addressed the naira crisis plaguing the country. In his address, the president apologised for the difficulties experienced across…

The Supreme Court on Wednesday affirmed the validity of the use of old 200, 500 and 1000 naira notes. The apex court maintained that the February 8 hearing which paused the implementation of the February 10 deadline ban on the use of…

Governor, Central Bank of Nigeria, (CBN) Godwin Emefiele, on Tuesday said it conducted an extensive in-house analysis and consultation and saw a need for the policy to redesign some Nigerian banknotes. While giving reasons for some…

Northern Elders Forum (NEF) says President Muhammadu Buhari is unwilling to rein in the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele so that old and new N200, N500 and N1,000 notes would co-exist for the next six…

More states have joined the legal battle against the Federal Government over the currency redesign policy of the Central Bank of Nigeria. Attorneys-General of Ekiti, Bayelsa, Sokoto and Rivers states told The PUNCH on Sunday that…

The Central Bank of Nigeria (CBN) on Thursday has admitted that the ongoing scarcity associated with the naira redesign and cash withdrawal policy was not anticipated. This came amid numerous protests and attacks on banks by angry…

Rivers State Governor, Nyesom Wike has commended the Supreme Court for saving the Nigerian masses and democracy by restraining the Central Bank of Nigeria (CBN) from implementing the February 10 deadline on the phasing out of N200, N500…