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News
Naira Swap: Wike hails Supreme Court, Rivers to join suit
Rivers State governor, Nyesom Ezenwo Wike has commended the Supreme Court of Nigeria for saving democracy by halting the Central…
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Banking & Finance
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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Business Inside
Breaking: CBN extends deadline for use of old naira notes
The Central Bank of Nigeria (CBN) has announced a 10-day extension of the deadline for the use of old naira notes across…
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Banking & Finance
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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Banking & Finance
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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Banking & Finance
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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Banking & Finance
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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Banking & Finance
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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Banking & Finance
CBN directs Nigerian Banks to dishonour Old Cheques from January 2021
Nigerian banks migrate to new cheque standards, old ones expire 31 Dec. The new cheques with new standards effective 1…
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Banking & Finance
CBN issues new directive on e-payments, pensions
The Central Bank of Nigeria (CBN) has issued a directive for the commencement of the end-to-end electronic payment of salaries,…
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