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Tag: CBN

Court Symbol of Justice
Business featured

BREAKING: Old N200, N500, N1000 valid till Dec 31- Supreme Court  

Juliet Buna The Supreme Court of Nigeria on Friday in Abuja nullified the Federal Government’s cashless and Naira redesign policy, declaring it as an affront to the 1999 Constitution. According to Dailypost, The Apex Court held that President Major General Muhammadu Buhari (retd), breached the Constitution of the Federation in the ways and manners he […]

IMF logo
Business featured

76% CBN Anchor Borrowers’ loans unpaid – IMF

The International Monetary Fund has confirmed that 76 percent of loans disbursed under the Central Bank of Nigeria’s Anchor Borrowers’ Programme, for farmers have not been returned. This is according to information provided by the International Monetary Fund in its Selected Issues paper on Nigeria. The issue paper was created by the fund’s staff team […]

First Bank's deputy MD Gbenga Shobo resigns
Banking

First Bank’s deputy MD Gbenga Shobo resigns

The First Bank of Nigeria’s deputy managing director, Mr. Gbenga Shobo,  has resigned from the company’s board of directors with immediate effect. Shobo’s departure came after CBN recently reviewed the term restrictions for bank managing directors, deputy managing directors, executive directors, and other officials, according to a tweet from Proshare. According to the latest CBN circular […]

CBN gets new spokesperson
Banking

CBN gets new spokesperson

Buna Juliet The Central Bank of Nigeria has announced the appointment of Dr Isa Abdulmumin as the acting Director of the Corporate Communications Department of the apex bank. Abdulmumin, formerly a deputy director, takes over from Osita Nwanisobi, who retires from the apex bank after serving as the Director of Corporate Communications since 2021. The […]

Logo and the photo of the Central Bank of Nigeria's building
Business

Elections: No plans to shut down bank transactions, CBN insists

The Central Bank of Nigeria has debunked rumours spreading that it plans to shut down bank transactions from February 23 to February 27, 2023 because of the forth coming election. This fake new was confirmed on the verified Instagram account of the apex bank on Wednesday where it advised Nigerians to be “wary of fake […]

Court Symbol of Justice
Business featured

Again, Supreme Court adjourns old naira suit

CoThe Supreme Court has on Wednesday adjourned the case instituted by some state governments against the federal government on the naira redesign policy till March 3, 2023. Recall that three states Zamfara, Kogi and Kaduna filed a lawsuit against the Federal Government  on February 3. Other states like Katsina, Lagos, Cross River, Ogun, Ekiti, Ondo […]

Court Symbol of Justice
Business

Naira redesign suit against FG resumes Wednesday 

The Supreme Court’s hearing over naira redesign which was adjourned after a session on February 17 will resume today (Wednesday). This publication recalls a suit was filed by Zamfara, Kogi and Kaduna state governments against the Attorney-General of the Federation on February 3. Other states like Katsina, Lagos, Cross River, Ogun, Ekiti, Ondo and Sokoto […]

The First Lady, Aisha Buhari
Business

Old naira: Aisha Buhari blames hacker for fake post

The First Lady of Nigeria, Aisha Muhammadu Buhari has blamed hackers for the fake post regarding the recirculation of the old naira notes which went viral in the early hours of Tuesday. This declaimer was shared to the public in a facebook post Aisha made in the late hours of Tuesday. The Facebook post reads […]

Emefiele is worse CBN gov in history, says Moghalu
News

New naira: CBN to arrest, prosecute Nigerians spreading fake news

The Central bank of Nigeria has urged Nigerians to be guided as it is working with law enforce agencies to prosecuted and apprehend the purveyors of fake news. The CBN made this announcement on Tuesday, not long after first lady Aisha Buhari posted a press release saying that her husband, President Muhammadu Buhari, had ordered […]

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