New naira same as old notes, stains white surfaces – NSPM
Nigerian Security Printing and Minting Plc has drawn attention to some of the new naira notes’ features in an effort to…
CBN
Activate rural banking, CBN directs PSBs
The Central Bank of Nigeria has instructed Payment Service Banks to target those who are financially excluded by operating primarily in…
New naira: Extend deadline, Senate urges CBN
The Senate has urged the Central Bank of Nigeria to extend the deadline for withdrawal of old Naira notes from the economy,…
New naira: ATMs still dispensing old notes, report reveals
Thirteen days after the issue of the freshly redesigned N200, N500, and N1,000 notes, and with 34 days till the old…
6,047 BVN on watchlist over fraudulent activities – CBN
Findings have revealed that the Central Bank of Nigeria has placed at least 6,047 Bank Verification Numbers of bank customers under…
Naira notes production, destruction costs N800bn – CBN
The Deputy Governor, Financial System Stability, Central Bank of Nigeria, Aisha Ahmad, has revealed that the CBN spent N800bn between 2017 and…
1.4m POS agents generated N6tr in 2022 – CBN
The Central Bank of Nigeria has disclosed that 1.4 million agents generated N6 trillion in transactions, up from N48 billion in 2012.…
CBN reveals overall benefit of cash withdrawal limit
The Central Bank of Nigeria has stated that the cash withdrawal limit is not anti-people. According to The PUNCH, this was stated…
Why Nigeria’s foreign reserves lost $2.2bn – CBN
The Central Bank of Nigeria has explained reasons why Nigeria’s foreign reserves lost $2.22 billion in a sustained demand pressure in the…
CBN bows to pressure, increases weekly withdrawal limit
The Central Bank of Nigeria has raised the weekly maximum limit for cash withdrawals by individuals and corporate entities through all channels…
Withdrawal limit: PoS agents not endangered by new policy, says CBN
The Central Bank of Nigeria has debunked claims that its new policy limiting cash withdrawals is targeted at point-of-sales agents. Recall,…
Banks run out of new naira, demand increases
About 24 hours after the new naira notes officially entered circulation, reports revealed that banks have run out of the newly-printed…