The World Bank has advised Nigeria that the transition period of the naira redesign initiative by the Central Bank of Nigeria, CBN, is short and would harm the country’s economy, especially the poor. The bank stated this in its recent…
Former Deputy National Publicity Secretary of the All-Progressives Congress (APC), Timi Frank, has called the Department of State Services (DSS) to urgently halt the alleged plot to arrest and force the Governor of the Central Bank of Nigeria (CBN), Godwin…
The move by the Department of State Services (DSS) to arrest Central Bank of Nigeria (CBN) Governor, Godwin Emefiele may cause a further slip of the naira against the dollar. In the suit, FHC/ABJ/CS/2255/2022, the security agency asked the Federal…
By Idris Bakare Today’s financial system is the product of centuries of innovation as Nigeria has come a long way in its financial inclusion pursuit. From 2012, when the Central Bank of Nigeria (CBN) initiated the Nigerian Financial Inclusion Strategy,…
The Arewa Consultative Forum (ACF), on Friday, expressed its support to the Central Bank of Nigeria’s new policy of cashless banking effective from January 2023. According to the group, once there is enough money and plenty withdrawal, it would further…
Some experts have advised the Central Bank of Nigeria (CBN) to review its monetary policy tools in order to tame the rising inflation. Dr Muda Yusuf, founder, Centre for the Promotion of Private Enterprises (CPPE), advised the CBN to resist…
…CBN eyes grassroots awareness, enlightenment to push cashless economy Stronger reflections of the resistance of lawmakers in the National Assembly against the cash withdrawal limit of the Central Bank of Nigeria (CBN) took a firmer position as the Senate on…
The Central Bank of Nigeria (CBN) in a bid to push local acceptance of its digital currency, the eNaira, has commenced sensitisation to incorporate market merchants into the eWallet system for digital economy. The Apex bank in collaboration with the…
Indications emerged on Tuesday that the Senate may have a running battle with the management of the Central Bank of Nigeria, CBN, over the cash withdrawal limit policy of the apex bank. Although the upper legislative chamber agreed to debate…
The Central Bank of Nigeria last week Tuesday put a limit on cash withdrawal made by individuals and organisations with effect from January 9, 2023. In a memo signed by the Director of Banking Supervision, Haruna Mustafa, the apex bank…
