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CBN
The House of Reps has asked CBN to direct banks to improve electronic banking platforms for efficient operations.
The Central Bank of Nigeria has finally broken its silence on the controversy over the naira redesign policy as it said that the old N200, N500, N1,000 bank notes remain legal tender till December 31, 2023.
The Governor of Anambra State, Professor Chukwuma Soludo, has said that the Central Bank of Nigeria (CBN) has finally directed commercial banks to dispense the old N200, N500, and N1,000 notes as well as receive the same deposits from customers.
The Central Bank of Nigeria revealed that the loan repayment ratio under the Anchor Borrowers’ Programme (ABP) is 53.39% or a total sum of N503 billion out of a possible N942 billion.
Black market FX traders have expressed their frustration over the recent cash scarcity crisis across the country
The Supreme Court on Wednesday adjourned the case instituted by the state governments against the Federal Government challenging the implementation of the naira redesign policy to March 3, 2023.
The Central Bank of Nigeria (CBN) has threatened to investigate, arrest and prosecute persons spreading fake news about the naira redesign policy.
Currency outside banks fell to a record low of N788.92 billion in January 2023, according to data from the Central Bank of Nigeria.
CBN has revealed it did not authorize Banks to collect old N500 and N1000 notes. This was disclosed in a statement viewed by Nairametrics
The Central Bank of Nigeria (CBN) denied it ordered banks to start collecting the old N500 and N1,000 notes from the public with immediate effect
UK has issued safety advisories to its citizens in Nigeria and those travelling to Nigeria due to the naira scarcity
Kingsley Moghalu said the Supreme Court can only interfere in cases when there is a dispute between the Federation and a state.