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Tag: CBN

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 […]

ASSBIFI halts strike, mandates banks to reopen
Banking featured

ASSBIFI halts strike, mandates banks to reopen

Commercial banks have been ordered to comtinue operations as of Monday, February 20, 2023, according to a statement from the Association of Senior Staff of Banks, Insurers, and Financial Institutions. The association announced this while delaying the start of its planned strike action on Monday. Recall that there were numerous instances of protests and bank […]

FG to restart cash transfers to poor Nigerians
News

Naira crisis: CBN seized money, didn’t swap it, says El-Rufai

Kaduna State governor, Nasir El-Rufai, claimed on Sunday that the CBN adopted a currency confiscation strategy rather than the indicated currency swap program that had been endorsed by the president, Major General Muhammadu Buhari (retd), for the redesign of the national currency. According to The PUNCH, the naira issue got worse last Thursday when the […]

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