CBN latest news - Page 29

Stay updated with the most recent news, breaking stories, major headlines, viewpoints, images, and videos concerning CBN from both Nigeria and around the globe today.

Currency

CBN’s New Cash Withdrawal Limit Pushing Cashless Policy Too Hard, Says Dr Mbamalu

The Central Bank of Nigeria’s new cash withdrawal limits for daily and weekly transactions is unsustainable but will speed up cashless policy adoption by Nigerians. Dr Marcel Mbamalu, CEO of Newstide Publications

Victor Ezeja

2 years ago

Naira Depreciates To N1,542 Per Dollar At Official Market

Business·Currency·Insights

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

In the first half of 2022, the Central Bank of Nigeria (CBN) sold $9.4 billion to the foreign exchange market to control dollar rate, despite international creditors advising against such intervention. Why

Fakoyejo Olalekan

2 years ago

Naira Appreciates To N869/$1 As Experts Debate Stability

Currency

Naira Reissue To Flush Out Counterfeit From Circulation – CBN

The Central Bank of Nigeria (CBN) has explained that the Naira notes redesign policy it recently introduced would help to remove fake currency in circulation and discourage hoarding of cash by members

Victor Ezeja

2 years ago

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business·Currency

Currency Redesign Can’t Improve Naira Value – CBN

The Deputy Director, Currency Operations Department of the Central Bank of Nigeria (CBN), Amina Halidu-Giwa, said the apaex bank’s redesigning programme will not improve naira value or strengthen the national currency. Halidu-Giwa

Fakoyejo Olalekan

2 years ago

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

CBN Issues 8 New Guidelines For Banking Licence, Flags Terrorism Financing

New and pending requests for banking licence could be rejected on the grounds of Money Laundering and Terror Financing history, the Central Bank of Nigeria (CBN) has disclosed in new guidelines. The

Fakoyejo Olalekan

2 years ago

Business·Currency

Redesigned Naira: CBN Finally Addresses Controversial N5000 Notes

The Central Bank of Nigeria (CBN) has reacted to claims that it plans to release N5000 notes after redesigning the existing lower denominations. According to the CBN’s Director of Currency Operations, Ahmed

Fakoyejo Olalekan

2 years ago

Business·Latest News

ICAN, CBN, Prime Business Africa Set For Free Webinar On New Naira Notes

The Institute of Chartered Accountants (ICAN), Nsukka and District Society (NDS) arm, in collaboration with Currency Operations Department of the Central Bank of Nigeria (CBN), is organising a webinar to sensitise Nigerians

PBA Reporter

2 years ago

Nigerian Banks Earn N135.52 Trillion From CBN's Naira Policy, E-Payment

Business

Farmers, Exporters, Others Receive Over N4.81 trillion CBN Intervention

The intervention funds received so far by the private sector from the Central Bank of Nigeria (CBN) have increased to N4.81 trillion as of November 2022. Prime Business Africa gathered that the

Fakoyejo Olalekan

2 years ago

Council Of State Asks FG, CBN To Allow Banks Circulate Old Naira, Print New Banknotes

Business·Currency·Latest News

New Naira Note Has Security Features To Prevent Counterfeiting – Buhari

President Muhammadu Buhari has stated that the new Naira notes have been fortified with security features to prevent counterfeit. Buhari stated this while launching the new ₦200, ₦500, ₦1000 bank notes on

Victor Ezeja

2 years ago

Money Supply In Nigeria Rises By N600bn, Currency In Circulation Drops To N2.59trn

Business·Latest News

New Naira Notes: Countdown Clock Ticks On CBN’s Website

The Central Bank of Nigeria (CBN) has launched a countdown clock showing January 31, 2023, the deadline to change the issue new naira notes in place of old ones in circulation. Unless

Victor Ezeja

2 years ago

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CBN latest news - Page 29

CBN’s New Cash Withdrawal Limit Pushing Cashless Policy Too Hard, Says Dr Mbamalu

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

Naira Reissue To Flush Out Counterfeit From Circulation – CBN

Currency Redesign Can’t Improve Naira Value – CBN

CBN Issues 8 New Guidelines For Banking Licence, Flags Terrorism Financing

Redesigned Naira: CBN Finally Addresses Controversial N5000 Notes

ICAN, CBN, Prime Business Africa Set For Free Webinar On New Naira Notes

Farmers, Exporters, Others Receive Over N4.81 trillion CBN Intervention

New Naira Note Has Security Features To Prevent Counterfeiting – Buhari

New Naira Notes: Countdown Clock Ticks On CBN’s Website

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