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…
A coalition of over 73 civil society organisations in Northern Nigeria under the auspices of Concerned Northern Forum (CNF), has opined that the move, as announced by the Central Bank of Nigeria (CBN) Governor, to redesign and print new currency…
By Idris Bakare Former Governor of the Central Bank of Nigeria (CBN) Muhammadu Sanusi II said he has been informed that the redesigned Naira notes will retain the Arabic sign on the current notes. Sanusi, a former Emir of Kano,…
The presidential candidate of All Progressives Congress (APC), Senator Bola Tinubu, On Tuesday before the business community reiterated his desire to totally eliminate fuel subsidy regime if he is elected in the February 2023 election. This is just as the…
Omoyele Sowore, the African Action Congress presidential candidate, has said redesigning the naira would not reduce insecurity in the country. Sowore said kidnappers would start demanding ransom in foreign currencies with the new policy of the Central Bank of Nigeria,…
