Tag: CBN
Beware of Fake Naira Notes in circulation,CBN warns
The Central Bank of Nigeria (CBN), on Friday, alerted Nigerians to the circulation of “counterfeit banknotes, especially higher denominations, by some...
CBN freezes accounts without BVN, NIN April 2024
The Central Bank of Nigeria,CBN,has directed a “Post no Debit” restriction on all bank accounts without a Bank Verification Number and National Identification...
Emefiele to remain in Kuje till 2024 for inability to meet bail condition
Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), will remain in Kuje correctional facility, Abuja after he failed to meet his bail conditions. The...
Old, new naira notes to remain in circulation till further notice says Supreme Court
The Supreme Court on Wednesday ruled that the old N200, N500, N1000 notes should continue to co-exist with the new notes till further notice. The apex...
Naira rebounds as Dollar tumbles at parallel market
The naira sustained its appreciation against the United States dollar at the parallel market as it appreciated on Friday, from N1, 160 to N1,155. This...
Banks to undergo new Recapitalisation Exercise says CBN
The Central Bank of Nigeria (CBN) says it is planning to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs). Olayemi Cardoso,...
Low Export Earnings responsible for Forex Scarcity-Edun
Says FG plans Diversification The Federal Government has linked the country’s foreign exchange scarcity to its low export earnings. Speaking at the 40th annual...
CBN extends validity of old Notes indefinitely
The Central Bank of Nigeria (CBN), on Tuesday, extended the validity of the old N200, N500 and N1,000 notes indefinitely. The Director, Corporate Communications,...
Why CBN may not clear Forex backlog- EIU
A report by the Economist Intelligence Unit on Friday questioned the financial capacity of the central bank to clear $6 billion forex backlogs owed to banks,...
Forex Funding :Saudi pledges life- line deposit
Apparently to support it’s fledgling economy and boost it’s forex liquidity,the Saudi Government says it will provide a “substantial” deposit of...
