Banking & Finance
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Supreme Court extends validity of old naira notes
The Supreme Court has ordered that old N200, N500, and N1,000 notes remain in circulation till December 31, 2023. The…
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Court orders CBN, Buhari to stick to February 10th
The Federal Capital Territory (FCT) High Court at Wuse Zone 2, Abuja, has ordered the Central Bank of Nigeria to ensure the…
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FCCPC approves 94 companies as digital money lenders
The Federal Competition and Consumer Protection Commission (FCCPC) has approved the operations of 94 companies as digital money lenders in…
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CBN succumbs, amends cash withdrawal policy, raises weekly Individual, corporate limit
The Central Bank of Nigeria has reviewed upward the limit on cash withdrawals made by individuals and organisations. Ahead of the distribution…
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CBN restricts weekly cash withdrawal for individuals to N100k, N500k weekly for companies
According to a new memo to banks issued on Tuesday and signed by the Director of Banking Supervision, Haruna .B.…
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NFIU flags N150trillion transactions, EFCC tracks politicians
The Nigeria Financial Intelligence Unit has flagged suspicious transactions valued at over N150tn between January and March 2022, according to…
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Signature Bank commences operations, to move to Port Harcourt, other cities
Former Group Managing Director (GMD) of the defunct Diamond Bank Dr Alex Otti and some of his friends have floated…
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Naira redesign: CBN replies Minister
The Central Bank of Nigeria (CBN) has officially responded to the Minister of Finance, Budget and National Planning‘s claim that she was…
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Naira redesign: Zainab Ahmed disowns Godwin Emefiele
Minister of Finance, Budget, and National Planning, Zainab Ahmad, has disassociated her ministry from the planned move by the Central…
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CBN Spent N281 Billion printing new notes as latest Banknotes begin circulating December 15
The Central Bank of Nigeria, CBN, has unveiled plans to redesign the banknotes and withdraw old ones and said the…
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