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March
12,
2023
The Central Bank of Nigeria (CBN) has said it did not approve the recirculation of old 500 and 1000 naira notes. Several reports had on Wednesday suggested that the apex bank had...
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March
12,
2023
By Aisha Ahmed Musa The Central Bank of Nigeria (CBN) on Wednesday issued operational guidelines for open banking in the country. The guidelines establish principles for data...
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February
17,
2023
*The Central Bank of Nigeria clarifies the Bank directed the commercial banks ‘to only reissue and recirculate the old N200 banknotes, and this is expected to circulate as legal tender for...
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February
17,
2023
The Central Bank of Nigeria has ordered banks to start collecting the old N500 and N1,000 notes from the public with immediate effect. It, however, pegged the maximum amount the banks can...
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February
9,
2023
The Central Bank of Nigeria, CBN, has attributed the scarcity of the new naira to the hoarding of the notes by Nigerians. CBN’s Director of Consumer Protection, Mrs Rashidat Mongunu,...
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January
24,
2023
The Central Bank of Nigeria has insisted that there is no going back on the January 31 deadline for the old 200, 500 and 1,000 naira notes, as they will cease to be legal tender in the...
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January
20,
2023
The Central Bank of Nigeria (CBN) has directed customers to start rejecting old naira notes from banks, insisting that the old notes ceased to be legal tender by the January 31 as...
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January
8,
2023
The Central Bank of Nigeria (CBN), has ordered Deposit Money Banks not to pay customers making over-the-counter withdrawals of new naira notes again. The apex bank has rather directed...
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January
6,
2023
Amid complaints that the new naira notes are not fully in circulation, the Central Bank of Nigeria (CBN) has launched a countdown to the January 31 deadline when the old...
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December
31,
2022
The Central Bank of Nigeria (CBN) has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5million,...
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December
21,
2022
…Withdraw above N500k, pay 3% processing fee, apex bank tells Nigerians The Central Bank of Nigeria (CBN) has revised its cash withdrawal limit policy, stating that individuals and...
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December
20,
2022
By Aminat Umar Since the Central Bank of Nigeria (CBN) released the redesigned naira notes in the denominations of N200, N500 and N1,000, fake notes of the new N1,000 notes have been...
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December
20,
2022
The Federal Government is set to activate the stoppage of cash withdrawal from all public accounts with immediate effect. In place of cash withdrawals, public officers are to open...
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December
20,
2022
In a bid to protect Nigerians from falling victim of counterfeiters, the Central Bank of Nigeria, CBN, has released details and position of the security features in the new naira...
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December
20,
2022
A planned protest by some groups loyal to the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, to stage ‘massive protests’ across various cities of Nigeria,...
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December
8,
2022
Experts on Wednesday December 7, 2022, raised concerns over a new policy announced by the Central Bank of Nigeria that heavily limits withdrawals of money in a push for a cashless...
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November
22,
2022
The newly redesigned Nigerian currency, the Naira is due for unveiling on Wednesday, November 23, 2022. Information available to the NPO Reports indicates that the new Naira notes will...
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October
29,
2022
By Tajudeen Issa The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Friday night defended the decision of the Bank to redesign some Naira notes,...
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October
29,
2022
Two days after the Central Bank of Nigeria (CBN) announced planned redesign of the naira the minister of Finance, Budget and National Planning, Zainab Ahmad, has rejected the...
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October
27,
2022
Mujib Ishola, Chief Technology Officer, Remita, receives an award from Mr Godwin Emefiele, the CBN Governor at the anniversary The Central Bank of Nigeria (CBN) has recognized...
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