CBN, NIBSS Unveil National Domestic Card Scheme
The Central Bank of Nigeria (CBN) has said that it is introducing a National Domestic Card Scheme effective from January 16, 2023. The bank noted that the initiative is in…
Naira Redesign: We Have Trouble Fishing Out Counterfeits
The Central Bank of Nigeria (CBN) on Thursday revealed it is yet to fish out counterfeits of the naira note. Amina Abdulmalik, Deputy Director, Currency Operations Department, CBN, said this…
BREAKING: CBN Increases Interest Rate
The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark interest rate by 100 basis points to 17.5 per cent. Its governor, Godwin Emefiele, announced this…
Naira Scarcity: Buhari Sympathizes With Nigerians, Issues New Order
President Muhammadu Buhari on Thursday sympathized with Nigerians over the persistent scarcity of naira notes in the country. The President expressed sympathy with citizens over their recent plights following the…
BREAKING: CBN Orders Banks to Make Old Naira Notes Available
The Central Bank of Nigeria (CBN) has instructed commercial banks in the country to retrieve old naira notes they deposited in its branches and make same available to Nigerians. The…
Why DSS Arrested Godwin Emefiele, Suspended CBN Governor
The Department of State Services (DSS) on Friday, arrested Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria, CBN. Daily Report Nigeria reports that Emefiele's was suspended as…
BREAKING: FG Files Fresh 20 Charges Against Emefiele
The Federal Government has filed a fresh 20-count charge against Godwin Emefiele, the former Governor of the Central Bank of Nigeria, CBN. Daily Report Nigeria reports that the charges were…
Moghalu Cautions Senate Over Proposed CBN Act Amendment
The National Assembly has been urged to tread with caution in its planned review of the CBN Act 2007 (as amended). The call was made by a Former deputy governor…
CBN Revokes 4,173 BDC Operational Licences
The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) Operators due to their non-compliance with regulatory guidelines. CBN'S action was officially communicated in…
Cybersecurity threats: CBN to introduce new regulations to protect financial sector
The Central Bank of Nigeria (CBN) has expressed its commitment to developing and implementing additional policies aimed at addressing cybersecurity threats in the country's financial sector. This announcement was…