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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…
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…
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…
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…
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…
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…
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.…
