CBN Archives

Monarchs begs CBN to extend old naira deadline

MPC meets over interest rate hike

The Monetary Policy Committee meeting of the Central Bank of Nigeria is expected to meet on Monday to proffer solutions to the recent rise in interest rates. According to The PUNCH, the meeting is expected to hold between the 28th to 29th in Abuja. Cordros Securities analysts expect a rate hike after the meeting, […]

oamudipepdnlimited-com
23rd January 2023
0 Comments
294 Views

New naira note: CBN insist on January 31st deadline

featured

CBN takes new naira awareness to Calabar markets

The Central Bank of Nigeria has expanded its awareness-raising effort to key markets in the Calabar city in advance of the January 31, 2023 deadline for the usage of obsolete Naira notes. The effort to raise awareness was organized by Branch Controller for CBN Calabar, Glory Iniunam. She clarified that the purpose of the activity […]

jonuorahpdnlimited-com
22nd January 2023
0 Comments
235 Views

Kogi residents lament scarcity of new naira note

Economy

New naira notes’ll enhance Nigeria’s economy – CBN

The Central Bank of Nigeria emphasised on the economic benefit of the new note as sensitisation intensifies following the closeness of the deadline to phase out the old notes draw near. The CBN has mobilised members of the team to Shasha Market, in Akure North Local Government Area of Ondo State to enlighten […]

oamudipepdnlimited-com
21st January 2023
0 Comments
262 Views

Banking featured

Monarchs begs CBN to extend old naira deadline

Oluwanifemi Ojo The OkuIbom Ibibio and President General of Akwa Ibom State Traditional Rulers Council, Edidem Solomon Etuk, appealed to the Central Bank of Nigeria to extend the deadline announced for the phasing out of the old bank notes. The monarch told the Branch Controller, Central Bank of Nigeria, Uyo branch, Akwa Ibom State, […]

jonuorahpdnlimited-com
21st January 2023
0 Comments
285 Views

CBN fines banks N1m daily over refusal of new naira

Policy and Regulations

CBN seeks monarch’s help to sensitise residents

Oluwanifemi Ojo As the deadline for the exchange of old and new naira notes draws closer, the Central Bank Of Nigeria has sought the help of traditional rulers to accelerate the sensitisation about the new note. The new note which possess security features that make them difficult to counterfeit has been circulating since […]

aadelekepdnlimited-com
21st January 2023
0 Comments
190 Views

News

CBN permits DMBs to swap new, old naira notes across LGAs

The Central Bank of Nigeria has permitted Deposit Money Banks, Money Operators, and super agents to swap the old notes in local government areas to accelerate circulation of the new notes. This strategy would increase the availability of new notes and ensure that people don’t lose their money. This was stated in a circular […]

oamudipepdnlimited-com
21st January 2023
0 Comments
429 Views

Banking

Old naira: Commercial Banks to work Saturdays

The Central Bank of Nigeria has announced that commercial banks would work on Saturdays to receive the old Naira notes from customers. The Leader of the CBN inspection team to Ebonyi State on new Naira notes, Kama Ukpai, said this during an enlightenment campaign to traders, on Friday at Eke Market, Afikpo. Ukpai […]

aadelekepdnlimited-com
21st January 2023
6 Comments
310 Views

Banking

CBN to charge banks N1m daily over new currency

Wilson Adekumola The Central Bank Of Nigeria has said that any commercial bank that failed to comply with the newly redesigned naira notes in terms of picking up for distribution will incur charges of million naira per day. The Deputy Director on Research, Osun State Bracnch, Adeleke Adelokun made this known […]

aadelekepdnlimited-com
20th January 2023
1 Comment
255 Views

Banking featured

CBN fines banks N1m daily over refusal of new naira

Wilson Adekumola The Central Bank Of Nigeria has said that any commercial bank that failed to comply with the newly redesigned naira notes in terms of picking up for distribution will incur charges of million naira per day. The Deputy Director on Research, Osun State Bracnch, Adeleke Adelokun made this known during the sensitization […]

jonuorahpdnlimited-com
20th January 2023
4 Comments
255 Views

US deficits projected $1trn higher over next decade

Economy

Nigeria’s external reserves hit $136m in two weeks – CBN

The Central Bank of Nigeria have said the country’s external reserves rose by $136m in two weeks. The CBN disclosed this on Thursday, in its figures on movement on external reserves that the reserves which stood at $37.07bn as of January 3, 2023 rose to $37.2bn as of the end of January 18, 2023. […]

aadelekepdnlimited-com
20th January 2023
2 Comments
221 Views

News

CBN to sanction banks dispensing old notes

The Central Bank of Nigeria has stated that it would begin to sanction banks who are still dispensing the old naira notes. According to The PUNCH, this was disclosed by the Director of the Legal Services Department of the Central Bank of Nigeria, Mr. Kofo Salam-Alada, during a sensitisation event on the new naira notes […]

oamudipepdnlimited-com
19th January 2023
2 Comments
219 Views

featured Policy and Regulations

New naira: Govs, Emefiele meet over policy

Wilson Adekumola Members of the Nigeria Governor’s Forum will on Thursday meet the Governor of Central Bank, Godwin Emefiele to discuss some of the bank’s recent policies. The NGF spokesperson, Abdulrazaque Bello-Barkindo said, in a statement on Tuesday night that “Governor’s plan to engage Emefiele on the economic and security implication of naira redesign and […]

aadelekepdnlimited-com
18th January 2023
3 Comments
216 Views

Trump bans CNN, MS NOW, Politico from White

SUNU bags top West Africa health insurance award

Financial shocks not enough to trigger FX intervention

Nigeria’s natural gas exports hit 733,778mmscf in eight

Contact Info

Some Populer Post

Trump announces Greenland security deal with Denmark

Access Holdings appoints ex-AfDB risk officer as executive director

Ikeja Electric begins refunds for Meter Asset Provider customers

Trump bans CNN, MS NOW, Politico from White House

Tag: CBN