Sales Of Polaris Bank, CBN Clears Air…
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Senate Rejects Buhari’s Request To Restructure N22tn Loan
The Senate on Wednesday rejected the request by the President, Major General Muhammadu Buhari, (retd.), to restructure the N22.7tn Ways and Means advances collected by the Federal Government from the Central Bank of Nigeria.
The…
CBN Urges NASS to Support Financial Industry Initiatives
The Central Bank of Nigeria (CBN) has urged the National Assembly to support its implementation of transformational payments and financial industry initiatives in line with the mandate of the apex bank.
The CBN governor, Godwin Emefiele,…
Cash Limit Not Targeted at Politicians, Says CBN
The Central Bank of Nigeria (CBN) says its policy of cash withdrawal limit is not based on politics, contrary to insinuations.
Aisha Ahmad, the Deputy Governor, CBN, said this in Abuja on Thursday when she answered questions from…
Atiku Campaign Says Bullion Van Politicians Using SSS to Remove Emefiele as CBN Governor
The Atiku/Okowa Presidential Campaign Organisation has carefully reviewed the onslaught on the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, and calls for restraint, given the sensitivity of his position to the nation’s…
CBN Urged to Prevent Counterfeiting, Hoarding of New Naira Notes
Economists have urged the Central Bank of Nigeria (CBN) to take firm control of the quantity of the redesigned naira notes it would release into circulation to avoid hoarding and counterfeiting.
The experts gave the advice in…
Banks Reconfigure ATMs, New Naira Enters Circulation Today
The newly redesigned naira notes will go into circulation on Thursday (today) with Deposit Money Banks releasing the bills to their customers via over-the-counter payments.
This came about three weeks after the President, Major General…
Naira Notes: EFCC, Benue Police Debunk Viral Video
The Economic and Financial Crimes Commission, Makurdi office, and Benue State Police Command have debunked the report trending on social media of alleged discovery of old naira notes in the capital city.
The video shows sacks of…
CBN Promises Prison Time For Nigerians Who Abuse Naira
The Central Bank of Nigeria (CBN) warned on Tuesday in Abuja that Nigerians caught abusing the naira were liable to go to jail.
It warned that those who spray and step on the naira, especially at social gatherings, are liable to six…
Withdrawal Limits Will Cripple Campaign Funding, Say Parties
Political parties have kicked against the new cash withdrawal limits introduced by the Central Bank of Nigeria, stating that it could choke the political process.
Parties including the Peoples Democratic Party, Social Democratic Party,…