CBN MFBs partner to promote financial inclusion, MSMEs
The Central Bank of Nigeria (CBN) has announced a strategic partnership with Microfinance Banks (MFBs) to enhance financial inclusion and stimulate the growth of Micro, Small, and Medium Enterprises (MSMEs)…
CBN Clarifies Validity of Old Naira Notes Amidst Confusion
The Central Bank of Nigeria has put to rest the controversy surrounding the validity of old ₦1000, ₦500, and ₦200 notes, stating that they remain legal tender without any deadline.…
CBN Under Fire As SERAP Demands Reversal of ATM Transaction Fee Hike
SERAP has given the Central Bank of Nigeria (CBN) a 48-hour ultimatum to reverse the newly announced hike in Automated Teller Machine (ATM) transaction fees. It described the hike as…
Nigeria’s Inflation Rate May Drop To Single-Digit By 2022 – CBN
The Central Bank of Nigeria (CBN) has forecasted the country’s inflation rate to drop to 13 percent this year and single-digit by 2022. Hassan Mahmud, director of monetary policy department,…
2023: My Fate in God’s Hands – Emefiele
Godwin Emefiele, Governor of the Central Bank of Nigeria, has responded to calls for him to run for president in the 2023 presidential election. According to him, it is President…
Redesigning Currency Unnecessary – Kate Henshaw
Ace Nigerian actress, Kate Henshaw has reacted to the Central Bank of Nigeria, CBN's sudden development to redesign some naira notes. CBN Governor, Godwin Emefiele earlier in the week revealed…
BREAKING: Reps Summon Emefiele Over CBN Cash Withdrawal Limits
The House of Representatives has summoned the Governor of the CBN, Godwin Emefiele, to come and explain to the parliament the new policy introduced by the Central Bank of Nigeria…
BREAKING: CBN Extends Old Naira Notes Deadline
The Central Bank of Nigeria has extended deadline for the swapping of old naira notes, Daily Report Nigeria reports. In a statement on Sunday, the apex bank extended the deadline…
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,…