Central bank of Nigeria

Ogun State Government on Wednesday has promised bankers and all citizens of adequate protection in the state while promising to continue to engage the Central Bank of Nigeria in a bid to proffer solution to the naira scarcity presently…

President Muhammadu Buhari on Friday urged citizens to give him seven days to resolve the cash crunch that has become a problem across the country from the policy of the Central Bank of Nigeria to change high value Naira notes with new…

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.…

Due to wrong contradictions,Central Bank of Nigeria (CBN) has said there is a huge circulation of the new naira notes in the economy. The CBN Lagos Branch Controller, Godfrey Koyor, said this during a stakeholder sensitisation event…

Governor of the Central Bank of Nigeria, Godwin Emefiele, will not appear before the House of Representatives on Thursday, the apex bank has said. Emefiele will be represented by the Deputy Governor, Financial System Stability, CBN,…

Central Bank of Nigeria (CBN) has warned Nigerians especially those abusing the naira notes, adding that those who abuse it are liable to go to jail. The warning was made known in Abuja on Tuesday,  stating that the law banning the…

House of Representatives has asked the Central Bank of Nigeria (CBN) to discontinue the implementation of the new cash withdrawal policy slated for January 9, 2023 pending compliance with the provisions of the Act establishing the bank.…

Central Bank of Nigeria (CBN) has said it would resist any political pressure to back down on its new policy on cash withdrawal limits, warning to sanction any individual or entity who violates the policy. CBN revealed; Any aiding…

An initiative Race to $200 billion forex inflows (RT200) by Central Bank of Nigeria (CBN) has recorded its $4.987 billion forex inflows in 2022 which is aimed to boost non-oil exports. Godwin Emefiele, CBN Governor, disclosed the…

Central Bank of Nigeria (CBN) has launched a countdown clock on its website for the January 31, 2023 deadline for the N200, N500, and N1,000 notes currently in circulation. The apex bank had announced a Naira redesign policy to produce…

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,…

Nigerian preacher, Leke Adeboye who is the son of the general overseer of the Redeemed Christian Church Of God (RCCG), Pastor E.A. Adeboye has faulted the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele for the…

Central Bank of Nigeria (CBN) has released a new framework to check cyber security in Other Financial Institutions, OFIs. This is contained in a statement issued on Monday, July 4, by Director, OFIs, CBN, Nkiru Asiegbu.…

Prof Kingsley Moghalu, African Democratic Congress (ADC) presidential aspirant, says the forthcoming general elections provide Nigerians an opportunity to change their fortune and that of the country. He said this at a banquet and…

Obadiah Mailafia, a former Deputy Governor of the Central Bank of Nigeria has reportedly passed away at 64. Mailafia died on Sunday morning at the National Hospital Abuja after a brief illness, it emerged. Recall that Obadiah Mailafia…