Tag: Central Bank of Nigeria (CBN)

The deadline set by the Central Bank of Nigeria for the exchange of the old naira notes for the new ones at the nation’s commercial banks has been slightly extended,…

The new naira notes are generating strong business for some Point of Sale (PoS) businesses in satellite towns of the Federal Capital Territory (FCT). The Central Bank of Nigeria (CBN)…

Five days before the old N200, N500, and N1000 denominations are scheduled to stop being accepted as legal money on January 31st, several merchants and companies in the Lagos and…

The Senate urged the Central Bank of Nigeria (CBN) on Tuesday to extend the use of old Naira notes until July 31, 2023. This followed a motion on the floor…

In light of the deadline of January 31 for the use of old Naira notes as legal tender, Yobe State Governor, Hon. Mai Mala Buni, has pleaded with the Central…

On Monday, the Central Bank of Nigeria (CBN) will hold a meeting with mobile money and point-of-sale representatives to discuss plans for the recently launched cash swap program, which aims…

An Economist, Tope Fasua has said corruption, inefficiency and low productivity were among the factors causing the depreciation of the Naira. The Chief Executive Officer of Global Analytics Consulting Limited…

A financial expert, Mr Okechukwu Unegbu, has commended the Central Bank of Nigeria (CBN) for taking action to arrest an imminent drift in the operations of the First Bank of…

Ibukun Awosika, the former chairman of First Bank Nigeria Limited, says decision to end the tenure of Adesola Adeduntan as the bank’s managing director was taken in the bank’s best…

The Economic and Financial Crimes Commission (EFCC) has warned Nigerians against investing their money in fraudulent investment schemes that promise high returns to investors. Mr Wilson Uwajaren said in a…