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CBN

Business

CBN decongests head office, transfers departments to Lagos

Ali Adoyi -
The Central Bank of Nigeria is set to transfer some of its departments to Lagos State. This was stated in an Internal memo made available...
Appointment

CBN approves appointment of new executives for Union, Keystone, Polaris banks [FULL LIST]

Ali Adoyi -
The Central Bank of Nigeria, CBN, has approved the appointments of the new board of directors for Polaris, Union, and Keystone banks. This came a...
Economy

Naira falls to N1089/$ on official I&E window

Ali Adoyi -
The naira fell to N1089.51/$ on the official Investor and Exporter window on Tuesday. The currency fell by 27.19 per cent from the N856.57/$ it...
Economy

CBN assures Nigerians of safety of money in banks

Ali Adoyi -
The Central Bank of Nigeria has affirmed the safety of funds in Nigerian banks, emphasising the stability of the country’s banking sector. The apex bank...
Economy

Cash scarcity hits Imo banks as customers recount ordeal

Ali Adoyi -
A repeat of what happened in December, 2022 festive period where there was obvious scarcity of cash, is beginning to rear its ugly head...
Economy

CBN warns Nigerians against circulation of fake Naira notes

Ali Adoyi -
The Central Bank of Nigeria, CBN has issued a warning to Nigerians against counterfeit Naira banknotes, following Nigeria’s currency shortage. In a statement released on...
Economy

Deliberate cash crunch is a Human Right abuse – HURIWA

Ali Adoyi -
HUMAN RIGHTS WRITERS ASSOCIATION OF NIGERIA (HURIWA) has accused the central bank of Nigeria of serial human rights violations through its deliberate and systemic...
Economy

CBN issues fresh directive to banks, Nigerians on naira notes 

Ali Adoyi -
The Central Bank of Nigeria, CBN, on Wednesday, issued a new directive to all banks and Nigerians following the acceptance of old and redesigned...
Economy

S’Court hears FG’s application to extend old notes lifespan Nov 30

Ali Adoyi -
The Federal Government has approached the Supreme Court to review its judgment that the old N200, N500, and N1000 should be legal tender until...
Economy

Again CBN postpones MPC meeting 

Ali Adoyi -
The Central Bank of Nigeria, CBN, has again postponed the meeting of its Monetary Policy Committee, MPC. This was confirmed by the director of corporate...
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