Reactions have continued to trail the unveiling of new Naira notes by President Muhammadu Buhari. Newsmen had reported that the president on Wednesday unveiled new N1000, N500 and N200 as earlier announced by the Governor of Central Bank of Nigeria,…
President Muhammadu Buhari has unveiled the redesigned naira notes of N200, N500 and N1000 at the Council Chamber of the Presidential Villa Abuja on Wednesday. Newsmen reports the unveiling of the naira notes preceded the virtual meeting of the Federal…
The Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele, says the apex bank will fall back on its strategic grains reserve to check food inflation. Speaking to newsmen in Abuja on Tuesday, Emefiele said the idea was…
The Central Bank of Nigeria (CBN) has launched a countdown clock showing when the old Naira would stop being a legal tender. The countdown clock is visible on the home page of the CBN’s website and it shows January 31,…
The Independent Shareholders Association of Nigeria has kicked against the Central Bank of Nigeria’s imposition of 0.5 per cent levy on commercial banks to fund the Asset Management Corporation of Nigeria. According to the shareholders, AMCON had now received N453.47bn…
FURTHER to its Press Release of October 26, 2022, on the above subject, the Central Bank of Nigeria (CBN) is pleased to note the positive response of the banking public to the policy through increased currency deposits across banks and…
By Idris Bakare The Cooperative Financing Agency of Nigeria (CFAN) has appealed to the Central Bank of Nigeria (CBN) to include housing as part of its financial inclusion strategy. The Executive Secretary and Chief Executive Officer of CFAN, Mr Emmanuel…
By Idris Bakare The Central Bank of Nigeria has pledged to protect Nigerians in the unbanked, underserved and rural areas as it plans to redesign the naira. In a statement signed by the CBN’s Director of Corporate Communications, Osita Nwanisobi,…
The Central Bank of Nigeria (CBN) on Thursday said counterfeiting and hoarding were the reasons for redesigning and issuing new Naira notes. Deputy Director, Currency Operations Department, CBN, Mrs Aminu Abdulmalik said this at the Apex bank’s special day, at…
….assures Nigerians of fuel supply during Christmas and New Year celebrations The Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has called on the government to give petroleum marketers access to foreign exchange at the official Central Bank of…
