CBN Appoints Isa Abdulmumin as Spokesman
The Central Bank of Nigeria (CBN) has appointed Dr Isa Abdulmumin as the Acting Director, Corporate Communications Department. Abdulmumin takes over from Osita Nwanisobi, who has retired from his duties…
No Plans To Phase Out Redesigned Naira Notes — CBN
The Central Bank of Nigeria (CBN) says it has no plans to phase out the redesigned higher denomination of the banknotes. This is coming despite complaints about scarcity of 1000,…
Data Protection Commission Opposes Customers’ Social Media Handles Order By CBN
The Data Protection Commission has rejected the order issued by the Central Bank of Nigeria for commercial banks to request for customers social media handles. National Commissioner for Data Protection,…
N96.46bn Spent to Print, Distribute Naira Notes — CBN
The Central Bank of Nigeria (CBN) says it spent 96.46 billion naira in printing and distributing new naira banknotes by 2022. Daily Report Nigeria reports that the CBN made the…
Why Naira Is Scarce – CBN
The Central Bank of Nigeria (CBN) has disclosed why there's an issue of naira scarcity in the nation. CBN attributed it to individuals hoarding the currency. Its Acting Director of…
Cardoso Dismisses 40 Staff Members of CBN
The Central Bank of Nigeria (CBN) Governor, Yemi Cardoso has dismissed about 40 staff members. Daily Report Nigeria reports that the dismissal primarily affected the Development Finance Department (DFD), as…
Naira Depreciation Continues Despite CBN’s $148m Intervention
The Central Bank of Nigeria's (CBN) recent disbursement of $148 million to authorized dealers has failed to stem the tide of the naira's depreciation, with the currency trading at N1,593…
CBN Sells $543.5m Forex To Authorised Dealers In 11 Days
In a move to stabilize the foreign exchange market, the Central Bank of Nigeria (CBN) has sold a total of $543.5 million to authorized dealer banks. This significant injection of…
CBN Cracks Down on Banks, Imposes N150m Fine for Supplying New Notes to Hawkers
The Central Bank of Nigeria has imposed a penalty of N150m on banks found releasing mint naira notes to hawkers. This move is part of efforts to curb the growing…
CPPE Urges CBN to Reduce Interest Rates After Pause
CPPE has urged the Central Bank of Nigeria (CBN) to reduce interest rates going forward. This comes after the CBN retained the Monetary Policy Rate (MPR) at 27.50 percent, a…