By Olumide David Oil marketers, on Tuesday insisted that they were no more interested in the old naira notes and would not collect them from the public, despite claims that the Central Bank of Nigeria (CBN) had cleared the bills…
The Central of Nigeria has announced its Monetary Policy Committee meeting schedule. News Men reports this is according to information obtained from CBN’s website on Tuesday. Accordingly, the apex bank stated that the two-day meeting would be held from 20…
A financial inclusion/wealth management expert, CEO of SD&D Capital Management Limited, Mr Idakolo Gabriel Gbolade, said the Naira crisis should not have reached an unbearable height before the government’s intervention. Idakolo disclosed this on Monday as reactions continued to trail…
…FG denies directing Malami, Emefiele, to disobey Court …Says CBN must make money available for circulation …As CBN directs banks to issue, accept old notes …Rejection of old notes illegal — Sanwo-Olu, Abiodun warn businesses …As NLC issues 7-days ultimatum…
In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterized the government of President Muhammadu Buhari, and by extension, the operations of the Central Bank of Nigeria (CBN), as…
The Central Bank of Nigeria has directed commercial banks to dispense and receive old naira notes as legal tender across the country. This is coming hours after the Presidency Monday evening said the CBN had no reason not to comply…
By Ismail Azeez, Osogb Osun State Governor, Ademola Adeleke has called on the Central Bank of Nigeria (CBN) to direct the commercial banks operating in the State who declining deposits of the old currency even after paying customers with the…
By Olumide David The widespread rejection of the old N500 and N1,000 notes has worsened by banks’ refusal to accept deposits of the notes without registration on the Cash Return Portal (CRP) of the Central Bank of Nigeria (CBN). With…
Louis Brandeis, a former associate justice of the Supreme Court of United States of America once said, “Our government… teaches the whole people by its example. If the government becomes the lawbreaker, it breeds contempt for law; it invites every…
The Central Bank of Nigeria (CBN) issued operational guidelines for open banking in Nigeria on Wednesday. The guidelines establish principles for data sharing across banking and payment systems. In the guidelines, the CBN shall provide and maintain an Open Banking…
