Tag: CBN

The CBN has threatened to pursue legal action against Point of Sale (PoS) providers that overcharge for transactions in an effort to take advantage of the country’s present cash shortage.…

The previous N200, N500, and N1000 notes are no longer considered legal tender as of February 10, 2023, according to the CBN. This occurs despite the Supreme Court of Nigeria’s…

The Ekiti State administration has asked to be included as a co-plaintiff in a Supreme Court lawsuit brought against the federal government over the Central Bank of Nigeria’s (CBN) deadline…

The Nigerian Security Printing and Minting Company Plc (NSPMC) has the ability and resources to produce the necessary number of the new Naira notes, according to the Central Bank of…

The Naira redesign policy has received approval from the Council of State. The council recommended that President Muhammadu Buhari direct the CBN to make fresh Naira notes available or to…

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…

In order to supervise a cash disbursement operation that the Independent Corrupt Practices and Other Related Offences Commission warned would extend throughout the entire nation, officials stormed two banks in…

Godwin Emefiele, the governor of the Central Bank of Nigeria, CBN, claimed on Thursday that the nation’s 1.4 million super agents—mobile banking providers that also include point-of-sale (POS) agents—are available…

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…

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…