Senate asks CBN to extend old naira notes till June 30
The Senate on Tuesday again urged the Central Bank of Nigeria (CBN) to extend the use of old Naira notes till June 30, 2023. This followed …
Central Bank of Nigeria (CBN)
CBN: DSS To Quiz Bank CEOs Over FX Allocations Since 2017
The Department of State Services (DSS) has opened wide-ranging investigations into foreign exchange received and their subsequent allocation to customers by each deposit money bank …
‘Why Mamman Daura, El-Rufai are defending CBN Gov Emefiele from arrest’
Reports emerging on Friday, January 13, 2023, alleged why Governor of Kaduna State, Malam Nasir El-Rufai, and President Muhammadu Buhari’s nephew, Mamman Daura, and others …
Nigeria’s cash crunch: Hunting out savings from under mattresses
Cash is king in Nigeria – electronic banking it still in its infancy. In fact very few people keep their money in banks – and …
CBN Directs Banks To Load Only New Naira Notes In ATMs
AMIDST complaints in some quarters of the scarcity of the redesigned naira notes, the Central Bank of Nigeria (CBN) has mandated banks to load only …
CBN has been monitoring 6,047 BVNs
At least 6,047 Bank Verification Numbers (BVNs) of bank customers have been placed under the Central Bank of Nigeria watch list for fraudulent transactions. …
CBN Raises Weekly Withdrawal Limits
The Central Bank of Nigeria (CBN) on Wednesday bowed to pressure from many Nigerians and announced an upward review of its cash withdrawal limits directive. …
New Naira notes now available in banks across Nigeria
Ahead of the December 15th, 2022 date set for Nigerians to have access to the newly redesigned Naira notes, the Governor of the Central Bank …
Nigeria: Disadvantages and Advantages of the new Cash Withdrawal Limits
Nigerians are trying to adjust with the new Cash withdrawal limits by the Central Bank of Nigeria (CBN); while many are not comfortable with it, …
2023 Withdrawal Limit: Senate Raises Concern, Set To Debate New CBN Policy
THE Senate has raised concerns about the latest Central Bank of Nigeria (CBN) policy on cash withdrawals. Senate Minority Leader Phillip Aduda in a …
CBN Restricts Cash Withdrawals To N100,000 Per Week
The Central Bank Of Nigeria, CBN has imposed fresh cash withdrawal limits on individuals and organisations, which takes effect from January 9, 2023. According …
CBN Activates Countdown Clock Showing Days Left Till New Naira Notes Launch
The Central Bank of Nigeria (CBN) has launched a countdown clock showing when the old naira would stop being a legal tender. The countdown …