Forex Ban: CBN Orders Banks to Publish Names, BVNs of Defaulters
Forex Ban The Central Bank of Nigeria has ordered commercial banks in the country to publish names and Bank Verification Numbers of customers who use fraudulent and illegal practices to…
Russia-Ukraine War: We’ve Devised Strategies To Mitigate Looming Food Crisis – CBN
Godwin Emefiele, the governor of Central Bank of Nigeria (CBN) has said the apex bank has come up with strategies to mitigate the impending food crisis occasioned by the Russia…
CBN Told to Remove Arabic Inscription From Redesigned Naira Notes
The Central Bank of Nigeria, CBN, has been asked to remove the existing Arabic inscription from the redesigned naira notes. Senior Special Assistant to Governor Samuel Ortom on Media and…
New Naira Notes Now in Banks – Emefiele
Central Bank governor Godwin Emefiele has announced that the newly redesigned naira notes are now in banks and ready for issuance. Emefiele made the announcement at Daura when visited President…
Why We Extended Old Naira Notes Deadline – CBN
The Central Bank of Nigeria has extended deadline for the swapping of old naira notes, Daily Report Nigeria reports. This was contained in a statement on Sunday by the apex…
Naira Policy: We Have No Idea of Supreme Court’s Order – CBN
The Central Bank of Nigeria, CBN says it has no knowledge of the Supreme Court's rule which rendered the old N200, N500, and N1,000 notes legal tender until December 31.…
Cashless Economy: CBN Announces New Payment Systems
The Central Bank of Nigeria (CBN) has announced guidelines for the use of new Contactless payment systems in the country. Adeyemi Adefuye, the Deputy Director of the Payment System Management…
CBN Limits Daily Contactless Payments to N50k
The Central Bank of Nigeria (CBN) has limited daily contactless payments to fifty thousand naira. The type of payments, the CBN explained were payments made without physical contact between payment…
REVEALED: CBN Owing Over N30 Trillion
The Central Bank of Nigeria has been reportedly indebted to the tune of more than N30 trillion. This was revealed by form CBN Governor and deposed Emir of Kano, Muhammadu…
CBN Reverses Crypto Currency Ban
The Central Bank of Nigeria (CBN) has reversed its ban on crypto assets in the country. The reversal order was contained in a circular dated December 22, 2023, with reference…