Barely three days after the Central Bank of Nigeria declared old N1,000, N500 and N200 notes as legal tender, Deposit Money Banks say they are beginning to run out of the old currencies.
The development led to severe hardship and pains for several bank customers seeking to withdraw funds on Wednesday.
The CBN had on Monday directed banks to pay out and accept the old notes from their…
The economy remained subdued in December as the Purchasing Manager’s Index was below 50.0 index points, according to the Central Bank of Nigeria.
The CBN released in the reports of members of the Monetary Policy Committee member that the PMI, which is an index of the…
The Central Bank of Nigeria has issued operational guidelines for open banking in Nigeria to ensure stability in the nation’s financial system.
The apex bank in a circular referenced, ‘PSM/DIR/PUB/CIR/001/043’, and dated March 7, 2023, said the guidelines would create…
The Central Bank of Nigeria plans to raise N1.13tn via treasury bills for the second quarter of 2023.
This was according to the latest Nigerian Treasury Bill Issue Programme for the Second Quarter 2023 available on the bank’s website.
This is a significant increase from N926bn raised in the second quarter of 2022. The bills are divided into three tenors of 91-days, 182-days, and 364-days with a…
Earnings from non-oil export in October and November rose to $75m, figures obtained from the Central Bank of Nigeria have revealed.
The CBN stated in its November economic report that non-oil export earnings rose by 16.9 per cent to $0.40bn, from $0.35bn in October.
It…
The Central Bank of Nigeria has revised the regulatory requirements for the tenure of executive management and non-executive directors of Deposit Money Banks and Financial Holding Companies in the Code Of Corporate Governance For Banks And Discount Houses (Ref…
The Central Bank of Nigeria has appointed Dr Isa Abdulmumin as its acting director of Corporate Communications Department.
Abdulmumin, formerly a deputy director, took over from Osita Nwanisobi, who retired from the bank on Friday, after serving as the director of Corporate Communications since 2021.
The CBN had approved Nwanisobi’s appointment as the director of its Corporate Communications…
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…
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 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…