The Central Bank of Nigeria (CBN) says it has no plan to introduce N5,000 denominated bank note as being speculated by some sections of the society. Ahmed Umar, the Director, Currency Operations of CBN clarified this at a three-day workshop…
…Calls for increased support for smallholder farmers to revive economy By Ibiyemi Mathew Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has predicted an increase in the growth of Nigeria’s gross domestic product (GDP) amidst rising inflation…
Governor, Central Bank of Nigeria, CBN, Emefiele has projected 15 per cent decline in inflation rate 2023. He stated this in a keynote address delivered at the annual Bankers Dinner Night of the Chartered Institute of Bankers of Nigeria, CIBN,…
By Idris Bakare The Central Bank of Nigeria has said it would engage with law enforcement agencies to complicate and track large withdrawals of naira notes. The Governor of CBN, Godwin Emefiele, stated this while briefing the press after the…
By Idris Bakare The Central Bank of Nigeria has organised an enlightenment fair for residents of Osun State on the introduction of new naira notes among other activities of the bank. During the sensitisation programme, the Apex Bank also urged…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has said that it had received a total of N165 billion so far since it announced plans to introduce new Naira notes and asked Nigerians to deposit all old notes in…
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,…
