Tag: Bank of Nigeria (CBN)

The Supreme Court’s order to postpone the Central Bank of Nigeria’s deadline for exchanging old notes till February 10 will be complied with by the Federal Government. Abubakar Malami, the…

Following the currency crunch issue that is roiling the nation, First Bank of Nigeria Plc, an old-generation bank in Nigeria, has declared that it will only operate its branches where…

On Wednesday, there was unrest in Abuja as more than 300 angry youths gathered to demonstrate against the Supreme Court’s exparte decision temporarily blocking the Federal Government’s plan to outlaw…

The Central Bank of Nigeria (CBN) is prohibited from extending the deadline for the use of obsolete naira notes by a Federal Capital Territory (FCT) high court. The deadline for…

Despite having N29 million worth of the new naira notes stored in the branch’s vaults, the operations manager of a top commercial bank in Abuja’s central area was detained by…

In the event that the Federal Government and the Central Bank of Nigeria (CBN) give in to pressure and revoke or suspend the cash withdrawal limit and Naira redesign policies,…

The Central Bank of Nigeria should have launched a N5,000 note rather than redesigning the current notes, according to Sola Obadimu, Director-General of the Nigerian Association of Chambers of Commerce,…

The Peoples Democratic Party’s (PDP) presidential candidate, Alh Atiku Abubakar, and his campaign committee made a statement against the current CBN monetary policy that has alarmed the Niger Delta Youth…

While congratulating the Central Bank of Nigeria CBN for the ten-day extension for the new currency swap, PDP presidential candidate Atiku Abubakar asked the bank not to accept requests for…

Godwin Emefiele, the governor of the Central Bank, has stated that commercial banks must continue to accept old Naira notes even after the deadline of 10 February has passed. When…