The CBN issued operational guidelines for open banking in Nigeria on Wednesday. News reports that the guidelines establish principles for data sharing across banking and payment systems. In the guidelines, the CBN shall provide and maintain an Open Banking Registry…
The Central Bank of Nigeria (CBN) said that both old naira notes and new naira notes are now legal tenders. This online news platform understands that the Acting Director of Corporate Communications CBN, Dr. Isa Abdulmumin disclosed this on Tuesday,…
The Central Bank of Nigeria (CBN) says it remains committed to its developmental mandate of stimulating access to finance for the real sector, disclosing that total repayments as of the end of February 2023 under the Anchor Borrowers’ Programme (ABP)…
…CPPE lauds Supreme Court ruling on old currency notes validity By Seun Ibiyemi and Mathew Dennis Following the announcement made by the Supreme court of Nigeria over old Naira note that it remains legal and in circulation till December 31…
By Olumide David The Central Bank of Nigeria (CBN) has given approval in principle to Zenith Bank to operate as a financial holding company. In a statement signed by the Company Secretary, Michael Otu, on Friday, the company revealed plans…
According to figures that were obtained from the Central Bank of Nigeria, (CBN) it has been revealed that the nation’s external reserves dropped by $317 million in February. Its latest data on the movement of external reserves indicated that the…
The International Monetary Fund has urged the Central Bank of Nigeria and other monetary authorities to deemphasise monetary policy as a way of tackling the resurgence of inflation. In a new report titled “Rethinking monetary policy in a changing world,”…
President Muhammadu Buhari has apologized to Nigerians over the naira redesign policy. According to him, it wasn’t introduced to cause hardship, but to boost the economy. In October 2022, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele,…
By Olumide David The Central Bank Nigeria (CBN) will issue a total of N1.14 trillion treasury bills in the second quarter of 2023 as the same amount will be maturing between March and May, this year. Africa’s largest economy’s big…
The Central Bank of Nigeria analysis showed that the total amount of currency-in-circulation in the country dropped from N3.29tn as of the end of October 2022 to N1.38tn as of the end of January 2023. Figures obtained from the CBN…
