DISTRIBUTION OF NEW NAIRA NOTES TO BANKS BEGINS BY CBN
The redesigned Naira notes are already being distributed to Deposit Money Banks all around Nigeria by the Central Bank of Nigeria (CBN). After visiting President Muhammadu Buhari in Abuja on…
YOUTH FROM THE NORTH CRITICIZE HOUSE OF REPRESENTATIVES FOR RESOLUTION TO END CBN CASH LIMIT POLICY
The Central Bank of Nigeria (CBN) has been encouraged by Northern Youths to disregard the House of Representatives decision that suspends its new cash withdrawal restriction policy for banks and…
REPS INSTRUCT THE CBN TO HALT THE CASH WITHDRAWAL POLICY
The House of Representatives requested the Governor, Mr. Godwin Emefiele, to halt execution of the recent N100,000 weekly cash withdrawal limitations announced by the Central Bank of Nigeria (CBN) and…
BREAKING: THE CBN LIMITS WEEKLY CASH WITHDRAWALS TO N100K AND N500K FOR BOTH INDIVIDUALS AND BUSINESSES.
A new regulation published by the Central Bank of Nigeria (CBN) requires deposit money banks and other financial institutions to make sure that over-the-counter cash withdrawals by individuals and corporate…
Inflation: CBN Governor: We’ll shortly cut the number of N500 and N1,000 notes in circulation.
In order to control inflation, the Central Bank of Nigeria (CBN) said it will reduce the amount of larger denomination notes (N500 and N1000) in circulation. This was said on…
Today, the CBN raises interest rates as Buhari unveils redesigned naira notes.
In an effort to fulfill its ambitious goal of releasing the new N200, N500, and N100 notes, the Central Bank of Nigeria (CBN) has secured the support of President Muhammadu…
CBN increases MPR to 16.5 percent while maintaining other conditions
The Monetary Policy Rate (MPR) of the nation was raised by 100 basis points to 16.5 percent from 15.5 percent on Tuesday by the Monetary Policy Committee (MPC) of the…
Naira redesign: All the information you require
According to President Muhammadu Buhari, his administration would not renege on the Central Bank of Nigeria’s (CBN) decision to redesign the country’s highest denomination notes, the N1,000, N500, and N200.…
Report: The Nigerian Naira is now one of the worst currencies in the world.
According to reports, the Sri Lankan Rupee and Ghana’s cedi are the two worst-performing currencies in the world, with the naira of Nigeria coming in third. It was discovered that…
Businesses commit to economic expansion and food security
Through their different initiatives, the Dangote Group, Sundry Food Limited, Access Bank Corporation, and United Bank for Africa (UBA) have committed to keep boosting the country’s economy and generating jobs.…
