CBN Set To Mint Currency For Gambia
The Central Bank of Nigeria, CBN has expressed its readiness to help the Central Bank of the Gambia (CBG) to print its legal tender — the dalasi. Governor of the CBN,…
Buhari’s Successor Will Face Numerous Challenges – Sanusi
The 14th Emir of Kano and former Governor of the Central Bank of Nigeria, Muhammad Sanusi II, has stated that whoever succeeds President Muhammadu Buhari will face the same problems…
Redesigned Naira Notes: CBN Orders Banks to Return Old Naira Notes
The Central Bank of Nigeria has ordered all Deposit Money Banks (DMB) holding the existing denominations of the naira note to "begin returning these notes back to the CBN effective…
BREAKING: CBN Limits Cash Withdrawals to N100,000 Weekly
The Central Bank Of Nigeria has imposed a limit on cash withdrawal for both individuals and organisations. The move which is aimed at promoting its cashless policy will take effect…
CBN Replies Tinubu On Naira Re-design
The Central Bank of Nigeria (CBN) has replied the presidential candidate of the All Progressives Congress (APC) Bola Tinubu on his comment about the redesigned naira notes. The CBN revealed…
‘We Were Ordered to Accept Old Naira Notes,’ Banks Confused on CBN’s Denial
The denial by the Central Bank Nigeria that it had directed commercial banks to accept the deposition of old N500 and N1,000 notes has left confusion the banks and Nigerians…
CBN Closes 31 Banks In Lagos, 72 Microfinance Banks Nationwide
The Central Bank of Nigeria (CBN) has announced the closure of 31 banks in Lagos, and 72 Microfinance Banks. According to the apex Bank, the action was taken as a…
CBN Orders Banks to Collect Social Media Handles From Customers
The Central Bank of Nigeria has ordered commercial banks to collect social media handles from customers. Daily Report Nigeria reports that the apex bank also mandated banks request for e-mail…
Emefiele Absent in Court, Opts For Plea Bargain
Suspended Central Bank of Nigeria's Governor, Godwin Emefiele has once again avoided a court appearance. Daily Report Nigeria reports that the embattled Emefiele was billed to be arraigned at the…
CBN Orders Suspension of Charges for Cash Deposits
The Central Bank of Nigeria (CBN) has issued a directive to banks, financial institutions, and non-bank financial institutions to suspend charges for cash deposits exceeding N500,000 for individuals and N3,000,000…