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CENTRAL BANK OF NIGERIA

News and analysis about Central Bank of Nigeria

Perishable food traders in Nyanya, Karu, and Mararaba markets in Abuja, Nigeria, are among the groups most affected by the scarcity of Naira notes.
The Independent National Electoral Commission (INEC) has revealed that sensitive electoral materials for the 2023 general elections are in the custody of the Central Bank of Nigeria (CBN).
According to findings by Nairametrics, the CBN has been supplying commercial banks with damaged and faded N50 notes
The Kano State Government on Thursday filed a lawsuit against the Federal Government at the Supreme Court over the naira redesign by the Central Bank of Nigeria (CBN). 
Nigeria attracted a sum of $4.89 billion as capital importation between January and November 2022 representing a 12.3% decline
The Central Bank of Nigeria’s Cashless Policy may have exposed religious organizations to financial worries, Nairametrics investigations reveal.  
The presidential candidate of the Labour party, Peter Obi, has weighed in on the naira scarcity, saying that the currency redesign is not peculiar to Nigeria, although he believes that improvements could have been made in its implementation. 
Emefiele said POS Charges at this time should be stopped.
The Kaduna State Governor, Nasir El-Rufai, has accused the Central Bank of Nigeria (CBN) of printing only N300 billion new redesigned naira notes after mopping up over N2 trillion of the old naira notes.
President Muhammadu Buhari has told Nigerian governors to give him seven days to resolve the cash crunch that has become a problem across the country
CBN directed deposit money banks (DMBs) to commence the payment of the redesigned Naira notes over the counter.
Tinubu has criticized the management of Nigeria’s foreign exchange market which has led to the depreciation of the naira.