Just another News Updates
The Central Bank of Nigeria (CBN), Zamfara State Branch, has ordered police to arrest people who refused to collect old naira notes, saying old naira notes is still legal tender until after the 31st of this month. The CBN has further ordered five commercial banks in the state to immediately release new naira notes to […]
The Central Bank of Nigeria (CBN) has in it’s continuous awareness campaign urged business communities of Gusau central market on the need to deposit old naira notes into their accounts before January 31. Speaking at the event the Branch Comptroller, Malam Buhari Abbas, said replacement of the old currency notes was necessitated by the need […]
Further to the launch of the redesigned Naira notes by the President of the Federal Republic of Nigeria, on Wednesday, November 23, 2022 and in line with the Cash-less policy of the CBN, all deposit money banks (DMBs) and other financial institutions (0F1s) are hereby directed to note and comply with the following: Withdrawals above […]
The Governor of the Central Bank of Nigeria, Godwin Emefiele has said that it would work with law enforcement agencies like the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission, to complicate and track large withdrawals. He said this while briefing the press after the launch the new […]
Nairametrics Nigeria’s Central Bank Governor, Godwin Emefiele has announced the apex bank is planning to reduce the volume of N500 and N1000 notes in circulation “over time”. The governor made this known in his briefing to the media at the monetary policy communique held on November 22nd, 2022. He was responding to questions about the […]
A well known Islamic scholar from the northern part of Nigeria, Sheikh Ahmad Gumi, took to his Facebook page in the early hours of today to share his thoughts regarding the alteration of naira currencies as reportedly planned by the Central Bank of Nigeria (CBN). The fierce Shiek condemned the planned redesigning of the Naira, […]
The Central Bank of Nigeria (CBN) on Wednesday said it will redesign the N200, N500, and N1,000 notes. CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in Abuja. The new design and issues will be effective from December 15, 2022. The action was taken in order to take control of the currency […]
The Chairman of the independent National Electoral commission (INEC), Mahmood Yakubu, says sensitive electoral materials will in the meantime no longer be routed through the Central bank of Nigeria (CBN). He also specifically notes that, beginning from the Ekiti state Governorship election, INEC will not keep its sensitive materials with the CBN. According to him, […]
The Peoples Democratic Party (PDP) condemns as reckless, irresponsible and unpardonable, the comment by the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, that he is “having a lot of fun” in his actions which are in violation of the CBN Act 2007 and the Public Service Rules. This comment by Emefiele who […]
Telecommunication giant, MTN, has received the final approval to operate as Momo Payment Service Bank Limited (Momo PSB). The approval was granted by the Central Bank of Nigeria (CBN), according to a statement issued on Monday by MTN Secretary, Uro Ukpanah. “MTN Nigeria Communications PIc (MN Nigeria) announces the receipt of a letter dated 8 […]