CBN
Commercial Banks have started to dispense the old naira notes across the counter and at the Automated Teller Machines ATM. This follows the CBN’s directive late Monday that banks should commence the dispensing of the old N500 and N1,000 notes. A visit across the city of Lagos has shown that Commercial Banks have begun dispensing […]
Supreme Court on Wednesday ordered a suspension of the deadline for the swapping of old to new Naira notes barely two days to the deadline for Naira swap by Central Bank of Nigeria (CBN). The Supreme Court issued an interim injunction restraining the Federal Government from suspending the acceptance of the old Naira notes on […]
The Independent National Electoral Commission (INEC) said it has solutions to some of the perceived obstacles capable of derailing the general elections expected to start with the presidential polls on February 25. INEC affirmed that it has resolved two critical challenges that it faced towards the conduct of the general elections, which include petrol scarcity […]
President Muhammadu Buhari has asked Nigerians to give him seven days to resolve the cash crunch that has become a problem across the country from the policy of the Central Bank of Nigeria, CBN, to change high-value Naira notes with new ones. The President said this on Friday while Speaking to the Progressive Governors Forum […]
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate to 17.5 percent in its efforts to tame inflation. The Governor of CBN, Mr. Godwin Emefiele, disclosed this, today, at the end of the first 2023 Monetary Policy Committee (MPC) meeting in Abuja. Emefiele noted that; MPC members welcome the recent deceleration of […]
President Muhammadu Buhari is in a meeting with the Central Bank Governor, Godwin Emefiele, at the State House Abuja. Today’s meeting is the second of such between the President and the CBN Governor since hiss return to the country from his leave on January 12, 2022. Emefiele who was rumored to have been on the […]
The new policy of the Central Bank of Nigeria limiting daily cash withdrawals by individuals and corporate organizations has continued to generate reactions from a cross-section of Nigerians. In Jos, the Plateau state capital, most respondents say the timing is not right. This new policy of the central bank has been met with mixed feelings. […]
The Governor of Anambra State, Charles Soludo has slammed yet again the Presidential candidate of the Labour Party, Peter Obi, insisting that Obi’s investment and savings when he served as the State Governor were “worth less” venture. The former Governor of Central Bank, CBN, in a statement in response to scathing Social Media comments that […]
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