CBN, NIBSS to Unify Payments Through National Domestic Card Scheme
The Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System (NIBSS), including the Bankers Committee, will introduce a national card scheme in 2023 to enhance the payment system…
Politicians Move to Mobilise Lawmakers Against CBN, Naira Redesign
Top Nigeria politicians are reportedly mobilizing against the Central Bank of Nigeria over the apex bank's move to redesign Naira notes. The aggrieved politicians are believed to be those who…
Again, Senate Asks CBN To Extend Old Naira Notes Deadline
Abuja— The Senate on Tuesday asked the Central Bank of Nigeria (CBN) for the second time to extend the use of old Naira notes. The Upper Chamber on December 28,…
N200 Notes Will Be Circulated Immediately — CBN
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has met with 15 heads of commercial banks to ease the ongoing cash crunch in the country. This follows…
BREAKING: CBN Distributes Naira Notes, Orders Banks To Open Weekends
The Central Bank of Nigeria (CBN) has commenced distribution of old naira notes to commercial banks. The apex bank also ordered for commercial banks to open for operation on Saturdays…
Emefiele’s Suspension: Can The President Remove a CBN Governor?
Godwin Emefiele was on Friday suspended from his position as governor of the Central Bank of Nigeria. Daily Report Nigeria reported that Emefiele's suspension was announced via a statement by…
Emefiele For Arraignment Today Over 6.9b Fraud
Suspended Central Bank Governor, Godwin Emefiele will be arraigned today before the Federal Capital Territory High Court, by the Federal government over a N6.9 billion fraudulent charge. Daily Report Nigeria…
Full List as CBN Liquidates 20 Banks
The Nigeria Deposit Insurance Corporation (NDIC) says it paid N1.39 billion to 36,163 depositors of 110 closed microfinance banks and three primary mortgage banks. He said this followed the recent…
NIN/BVN Linkage: CBN sets to Take Action as Deadline Expires
The Nigerian banks, acting on behalf of the Central Bank, have recently notified customers to link their Bank Verification Number (BVN) and National Identification Number (NIN). This is…
CBN Resumes Forex Sales to BDC Operators After 4-Month Suspension
The Central Bank of Nigeria (CBN) has resumed sales of foreign exchange to Bureau De Change (BDC) operators, ending a four-month suspension. On Friday, July 12, 2024, the…