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In an apparent response to claims by the Minister of Finance, Budget and National Planning, Zainab Ahmad, that her ministry was not carried along by the Central Bank of Nigeria, in the ongoing process of redesigning three series of the…

The Finance Minister also warned the CBN that the naira redesign policy will come with some consequences. The Minister of Finance, Budget and National Planning , Zainab Ahmed, has said the Central Bank of Nigeria (CBN) didn't consult her…

Financial experts have commended the Central Bank of Nigeria (CBN) for its decision to redesign the naira, saying it would positively affect the economy. The experts spoke in separate interviews on Thursday. They spoke against the…

Nigeria’s Central Bank has moved to unveil newly designed 200, 500 and 1000 naira notes by the end of the year. On Wednesday, the apex bank’s governor Godwin Emefiele disclosed that plans were being made to launch new naira notes by…

Godwin Emefiele says the Central Bank of Nigeria is not mandated by law to provide airlines with all their dollar earnings. Mr Emefiele, the CBN governor, made the statement after the monetary policy committee’s meeting held at the CBN…

Fidelity Bank Plc says it has entered a binding agreement to acquire a 100 percent equity stake in Union Bank UK Plc. The bank said this in a corporate filing on the Nigerian Exchange Limited (NGX) signed by Ezinwa Unuigboje, the company…

In a move to check a brewing crisis in the country’s aviation sector, the Central Bank of Nigeria (CBN) on Friday, August 26, 2022, released the sum of $265 million to airlines operating in the country, to settle outstanding ticket sales.…

The Central Bank of Nigeria has unveiled the USSD code for the country’s digital currency, eNaira. The bank said the code will help deepen financial inclusion as all transactions can be accessed through the channel. Godwin Emefiele,…

The Africa Fintech Foundry (AFF) says it is collaborating with the Central Bank of Nigeria (CBN) to support 10 startups to increase the adoption of eNaira in the country. The head of AFF, Daniel Awe, said this on Saturday in Lagos. He…

The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose from N17.46tn in December 2021 to N19.91tn in June 2022. According to data from the CBN, this shows that the Federal…