CBN Archives

‘Why CBN must scrap new cash withdrawal policy’

The Coalition of South East Youth Leaders has rejected the new policy by the Central Bank of Nigeria to limit cash withdrawals. Days ago, the apex bank had, in a bid to encourage cashless transactions, pegged cash withdrawals at N20,000 per day and N100,000 for individuals and N500,000/week for businesses. The development has […]

aadelekepdnlimited-com
13th December 2022
0 Comments
308 Views

News

Suspend new cash withdrawal limit, Reps order CBN

The House of Representatives has directed the Central Bank of Nigeria, to stop the January 9, 2023, implementation of the new cash withdrawal policy. This is based on a motion of urgent public importance moved by a member of the House, Aliyu Magaji, at the plenary on Thursday. Recall that the apex bank had […]

oamudipepdnlimited-com
8th December 2022
1 Comment
247 Views

Monarchs begs CBN to extend old naira deadline

News

CBN reduces over-the-counter withdrawal limit

The Central Bank of Nigeria has announced the reduction of over-the-counter withdrawal limit for both individuals and companies. According to Nairametrics, the apex banking institution has pegged withdrawals by individuals and corporate entities at N100, 000 and N500, 000, respectively, per week. The updated cash withdrawal limits will be in force nationwide starting on […]

oamudipepdnlimited-com
6th December 2022
2 Comments
265 Views

Trapped funds: CBN to give foreign airlines $150m

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Monetary policy’ll reduce inflation by 15% – CBN

The governor of the Central Bank of Nigeria, Godwin Emefiele, has predicted that with the help of the CBN’s numerous monetary policy instruments, inflation rates will progressively decline to less than 15% by the end of 2023. According to data from the National Bureau of Statistics, inflation in Nigeria reached a record high of 5.09 […]

jonuorahpdnlimited-com
26th November 2022
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277 Views

CBN fines banks N1m daily over refusal of new naira

Business featured

Nigeria to reach 95% financial inclusion by 2024 – CBN

The Central Bank of Nigeria has said that it hopes to achieve 95% financial inclusion by 2024. To achieve this, it said the Federal Government has released five strategic policy studies. The apex bank disclosed this in its communiqué no. 145 which was issued following the most recent meeting of its Monetary Policy Committee in […]

jonuorahpdnlimited-com
26th November 2022
2 Comments
275 Views

Appeal Court overturns Emefiele’s asset forfeiture order

Nigeria’s rising inflation align with global trend – Emefiele

The governor of the Central Bank of Nigeria, Godwin Emefiele, said the steady increase in headline inflation from 15.60 per cent in January to 20.77 per cent in September was consistent with global trends. Emefiele said this at the 57th Annual Bankers Dinner, organised by the Chartered Institute of Bankers Nigeria, on Friday, in Lagos. […]

jonuorahpdnlimited-com
26th November 2022
1 Comment
161 Views

Emefiele orders banks to dispense old naira notes - Soludo

Economy

Inflation: CBN raises interest rate to 16.5%

The Monetary Policy Committee of the Central Bank of Nigeria have voted to increase the benchmark interest rate by 100 basis points to 16.5 per cent, the highest since 2001. The CBN Governor, Godwin Emefiele, disclosed this while reading the communique of the last MPC meeting of the year on Tuesday. The MPC […]

aadelekepdnlimited-com
22nd November 2022
0 Comments
197 Views

Banking

Naira redesign: We’ll protect unbanked, rural dwellers – CBN

The Central Bank of Nigeria has restated its commitment to protect interests of millions of unbanked and underserved Nigerians, who mostly reside in the rural areas.f The apex bank made this known on Sunday, in a statement by its Director, Corporate Communications, Mr Osita Nwanisobi, against the backdrop of the planned redesign of certain denominations […]

jonuorahpdnlimited-com
14th November 2022
0 Comments
233 Views

Banking

CBN to introduce new laws against financial system threats

The governor of the Central Bank of Nigeria, Godwin Emefiele, has stated that the apex bank will create a set of new and revised laws, rules, and regulations to tackle threats against the financial service system. These development, he said, would address potential violations, change the incentives for the private sector, and restructure the market […]

jonuorahpdnlimited-com
6th November 2022
0 Comments
230 Views

Banking Economy

CBN’s plan to redesign naira purely political- Obaseki

Edo State Governor, Godwin Obaseki, has criticized the plan to redesign naira notes, asserting that it is solely a political initiative without any economic justification. He made the statement while while launching the Edo PDP Women Campaign Council at the Presidential Campaign Secretariat in Benin City the state capital. They say we should all bring […]

jonuorahpdnlimited-com
3rd November 2022
0 Comments
176 Views

News Uncategorized

CBN destroyed over N6trn notes under Buhari – Report

The Central Bank of Nigeria will have destroyed almost N6 trillion worth of damaged and outdated currency by the end of the regime of the President, Major General Muhammadu Buhari (retd), in May 2023. Data from the CBN’s annual reports between 2016 and 2020 revealed that throughout the five-year period, the apex bank destroyed mutilated […]

jonuorahpdnlimited-com
31st October 2022
2 Comments
213 Views

Banking

Naira redesign: CBN has my approval, Buhari clarifies

The President, Major General Muhammadu Buhari (retd), has confirmed that the Central Bank of Nigeria has his approval to redesign the naira notes. AMBusiness reported that the apex bank announced that the N100, N200, N500, and N1000 notes will be redesigned as the Nigerian currency battles its worst devaluation in recent years. This publication also […]

agencyreport
30th October 2022
0 Comments
210 Views

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Tag: CBN

‘Why CBN must scrap new cash withdrawal policy’

Suspend new cash withdrawal limit, Reps order CBN

CBN reduces over-the-counter withdrawal limit

Monetary policy’ll reduce inflation by 15% – CBN

Nigeria to reach 95% financial inclusion by 2024 – CBN

Nigeria’s rising inflation align with global trend – Emefiele

Inflation: CBN raises interest rate to 16.5%

Naira redesign: We’ll protect unbanked, rural dwellers – CBN

CBN to introduce new laws against financial system threats

CBN’s plan to redesign naira purely political- Obaseki

CBN destroyed over N6trn notes under Buhari – Report

Naira redesign: CBN has my approval, Buhari clarifies

Suppliers bypass wholesalers as consumer spending drops

BVN database hits 68.6m in March 2026

Imo leaders back Tompolo’s anti-bunkering surveillance in oil.

Oil hits $110 as Trump vows Iran power.

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