CBN

BREAKING: CBN Issues fresh directive to banks on new naira notes

The Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) to commence the payment of the redesigned naira notes…

2 years ago

CBN governor, bank chiefs on a collision course over amount of new notes

The cash crunch that hit most banks in the country since Monday, January 30, 2023 continued yesterday as banks said…

2 years ago

New naira scarcity: Sokoto, Zamfara, Katsina border residents trade in CFA

Residents of border communities in states including Sokoto, Zamfara, Katsina, Adamawa and Kwara have opted for the CFA franc following…

2 years ago

Pay customers with N100, N50, CBN orders commercial banks

The Central Bank Of Nigeria has directed all commercial banks to pay customers over the counter in N100, N50, N20,…

2 years ago

Naira re-design and swap policy: House c’ttee rejects CBN extension, says position of law sacrosanct

The House of Representatives ad hoc committee on new naira re-design and naira swap policy has rejected the 10 days…

2 years ago

Just in: CBN bows to pressure, extends old naira notes deadline to Feb 10

N1.7 trillion old notes collected so far The Central Bank of Nigeria has bowed to pressure announcing the extension of…

2 years ago

Jan 31 remains deadline for old naira notes, says CBN

The Central Bank of Nigeria (CBN) on Saturday said the deadline to phase out the old naira notes remained January…

2 years ago

I haven’t seen new naira notes, says Governor Ortom

Backs Senate, Reps call for deadline extension Benue State Governor, Samuel Ortom, has backed calls for the extension of the…

2 years ago

Family rejects old naira notes as bride price

A family in a community in the Gbako Local Government Area of Niger State has rejected old N1,000 and N500…

2 years ago

CBN increases lending interest rate to 17.5%

The Central Bank of Nigeria has raised its benchmark lending rate to 17.5 per cent ostensibly to contain the inflationary…

2 years ago