CBN Warns Against Fake SWIFT Messages, Clarifies Role in Foreign Payments
The Central Bank of Nigeria (CBN) has issued a strong warning against the use of fraudulent SWIFT messages, clarifying that it does not provide correspondent banking services for Nigerian banks…
CBN Approves CFA Franc Listing on Nigeria Export Proceeds Forms
CBN has approved the inclusion of the CFA Franc on Nigeria Export Proceeds (NXP) forms. The approval is expected to boost trading and facilitate the repatriation of export proceeds. The…
COVID-19: Another Lockdown Will Wound Economy — CBN
The Central Bank of Nigeria, CBN, yesterday warned the Federal Government (FG) against imposing another total lockdown of the country, saying such a move would be catastrophic to Nigerians and…
eNaira is Secure, Dependable, But We Expect Minor Challenges – CBN
The Central Bank of Nigeria (CBN) has assured Nigerians that its digital currency, eNaira, is secure and dependable. Spokesperson of the apex bank, Osita Nwanisobi gave the assurance on Thursday…
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…
