CBN Increases Cash Withdrawal Limits for Individuals, Corporates
Pat Stevens/ The Central Bank of Nigeria (CBN) has reviewed its policy on cash withdrawal limits, increasing weekly withdrawals for…
CBN Raises MPR to 16.5%
Agency Report/ The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Tuesday increased the country’s Monetary…
CBN Directs Banks to Open on Saturdays
Editor/ The Central Bank of Nigeria (CBN) has instructed commercial banks in the country to work on Saturdays till Jan.…
ICAN President Raises Critical Issues on CBN’s Plan to Redesign Naira
Ololade Adeyanju/ The Central Bank of Nigeria (CBN) has been urged to consider some critical issues around its plan to…
New Naira: Nigerian Banks Get N52Bn Cash Deposits in 2 Weeks
Editor/ Barely two weeks after the announcement of plans by the Central Bank of Nigeria (CBN) to redesign some naira…
Naira Redesign: CBN Limits Cash Deposits for Individual Accounts
Editor/ Central Bank of Nigeria (CBN) has directed that individuals can only deposit N5 million for new accounts and N50…
Buhari Disagrees with Finance Minister on Naira Redesign, Backs CBN
Agency Report/ President Muhammadu Buhari says the CBN has his support to launch new designs and replace high value naira…
CBN: We Don’t Need Finance Minister’s Approval to Redesign Naira
Pat Stevens/ The Central Bank of Nigeria (CBN) has said it followed due process and obtained the approval of President…
EFCC Hails CBN, Moves to Clampdown on Currency Hoarders
Malik Yahya/ The Economic and Financial Crimes Commission, EFCC, has applauded the move by the Central Bank of Nigeria (CBN)…
CBN Redesigns Naira, Begins Circulation Dec 15
Agency Report/ As means of checking serial abuse of the naira, the Central Bank of Nigeria (CBN) has concluded plans…