Naira: Buhari Backs CBN, Disowns Zainab Ahmed’s Claims
President Muhammadu Buhari says the Central Bank of Nigeria has his support to launch new designs and replace high-value naira notes, casting off claims of…
Tag: CBN
EFCC Hails CBN, Moves to Clampdown on Currency Hoarders
The Economic and Financial Crimes Commission, EFCC, has applauded the move by the Central Bank of Nigeria, CBN, to redesign and reissue higher denominations of…
Emefiele Debunks Rumour, Says Farmers Procured Nomination Form
The Governor of the Central Bank of Nigeria, Godwin Emefiele has stated that he will use his 'hard earned savings from over 35 years of…
CBN Bans Accounts of Individuals, Company for Trading in Cryptocurrency
The Central Bank of Nigeria has frozen the account of two individuals identified as Nnamdi Francis Okereke and Nwaorgu Kingsley Chibuzor, and a company called…
CBN Spends N58.6bn To Print 2.5bn Naira Notes
The Central Bank of Nigeria (CBN) spent the sum of N58.618billion to print 2.518billion Naira notes, valued at N1.063trillion in 2020.
CBN Packaging SMEs to Reduce Unemployment – Umoren
The zonal coordinator of the South-South and South-East Development Finance Activities, Central Bank of Nigeria (CBN), Aniefiok Umoren, says the apex bank is “packaging” small…
CBN Secures Court Order to Freeze Accounts of Some Forex Traders
The Abuja division of the Federal High Court on Tuesday granted the request of the Central Bank of Nigeria to freeze accounts of some forex…
CBN Mandates Banks to Sell Forex to Customers
The Central Bank of Nigeria has mandated the Deposit Money Banks to set up teller points at designated branches across the country to fulfil legitimate…
Breaking: CBN Stops Forex Sale to Bureau De Change Operators
The Central Bank of Nigeria has stopped the sales of forex to the Bureau De Change operators in the country with immediate effect.
SERAP Sues Buhari Over $25bn Overdrafts Taken from CBN
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit, asking the court “to compel President Muhammadu Buhari to disclose spending details of the overdrafts…
CBN Imposes N7.00 Charge for Every USSD Transaction
The Central Bank of Nigeria has imposed an N7.00 charge for every USSD transaction made from a mobile telephone in Nigeria.
