The Association of Corporate Affairs Managers of Banks (ACAMB), the umbrella body of corporate and marketing communications professionals working in Nigeria’s banking sector, has debunked rumours trending on social media that the Central Bank of Nigeria (CBN) will shutdown banking services for five days between February 23 and 27 because of the general elections.
In a statement signed on…
The Supreme Court has set a decision on March 3 in a multi-state lawsuit over the federal government’s naira exchange rate policy.
A nine-judge panel chaired by Judge John Okoro announced the date after counsel’s closing arguments were presented to the parties in…
THE Central Bank of Nigeria (CBN) has released cash to the Independent National Electoral Commission (INEC) ahead of national and state elections on February 25 and March 11.
The amount was not disclosed.
A source at the apex bank confirmed to The Nation that the cash was…
Operatives of the Ekiti State Amotekun Corps have arrested a man, identified as Celestine, with counterfeited new N1,000 notes amounting to about N250,000.
Celestine, who claimed he was an Anambra State born Lagos-based businessman, said he was heading from Lagos State to Isanlu in Kogi State to buy kolanut and bitter kola when he was arrested with the fake new naira notes.
The suspect, who…
The Central Bank of Nigeria (CBN) has said that only the old N200 notes will be reissued and will circulate alongside the new notes at the behest of President Muhammadu Buhari. The bank confirmed this in a statement signed on Tuesday in Lagos by Edward Adamu, vice president…
The Central Bank of Nigeria has said that a press release posted on First Lady Aisha Buhari’s Instagram page is not true. A message posted on Aisha’s page on Tuesday said the old N500 and N1000 banknotes will remain legal tender for the next 70 days, until May 1…
The Central Bank of Nigeria has threatened to investigate, arrest and prosecute anyone spreading fake news about the naira redesign policy.
This threat was contained in a statement on Tuesday jointly signed by the CBN’s Deputy Governor, Corporate Services, Edward Adamu, and Director, Corporate Communications, Osita Nwanisobi.
The CBN in reaction to a purported press release shared on the…
Nigeria’s foreign exchange reserves fell $427.14 million this month, data from the Nigerian Central Bank showed on Monday. This is due to the fact that the currency crisis in the country was exacerbated by the shortage of new naira banknotes.
According to CBN’s…
Ecobank has rewarded four customers with N1m each for using the electronic payment channels of the bank regularly.
During the cheque presentation at its super rewards event in Lagos, the bank said it introduced the programme to promote the use of its electronic payment…
PremiumTrust Bank has received ‘Nigeria’s Fastest Growing Bank 2022’ and ‘Bank of The Year 2022 (Sports Development)’ awards from the Management of BusinessDay Banks & Other Financial Institutions Awards Committee.
The management of BAFI Awards noted that Premium Trust which commenced operations in April 2022, received ‘Nigeria’s Fastest Growing Bank 2022’ award in recognition…