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NMDPRA urges Africa to adopt regional fuel pricing benchmark

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Seplat sells 10% JV stake to NNPCL for $281.6m

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Policy and Regulations

Tag: CBN

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 […]

Monarchs begs CBN to extend old naira deadline
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 […]

Appeal Court overturns Emefiele’s asset forfeiture order
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 […]

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 […]

Naira redesign: CBN has my approval, Buhari clarifies
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 […]

New naira'll make ransom payment difficult - CBN
News

New naira: We followed due process, says CBN

  The Central Bank of Nigeria has insisted that it followed due process with their plan to re-design the N100, N200, N500, and N1,000 banknotes. AM BUSINESS had on Wednesday reported that the CBN Governor, Godwin Emefiele announced that the bank would release re-designed naira notes by December 15, 2022. However in another twist, the […]

Kingsley Moghalu
News

Moghalu backs CBN to redesign naira notes

Former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has expressed support for the decision of the Central Bank of Nigeria to redesign the Naira. The former presidential candidate gave his reasons via a series of tweets on his verified Twitter handle on Friday. Moghalu explained that the decision of the apex banking […]

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