Tag: Central Bank of Nigeria (CBN)Tag: <span>Central Bank of Nigeria (CBN)</span>

N5bn Palliative Package Cannot Cater to Over 133 Million Impoverished Nigerians – NLC; ECOWAS Defense Chiefs Finalize Plans for Niger Military Intervention | 5 Things That Should Matter Today

N5bn Palliative Package Cannot Cater to Over 133 Million Impoverished Nigerians - NLC ECOWAS Defense Chiefs Finalize Plans for Niger Military Intervention President Tinubu Greenlights Compressed Natural Gas Initiative CBN…

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Rescued Chibok GIrl Received by Remi Tinubu at Aso Villa; Governor Obaseki Alleges Deputy’s Plan to Oust Him from Office | 5 Things That Should Matter Today

Rescued Chibok GIrl Received by Remi Tinubu at Aso Villa Four Dead as Zaira Central Mosque Collapses Resident Doctors Suspend Nationwide Strike Governor Obaseki Alleges Deputy's Plan to Oust Him…

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Naira

CBN Presses Ahead with Phasing Out Old Naira Notes; Senate Leader Announces President Tinubu’s Ministerial List Submission Within 48 Hours | 5 Things That Should Matter Today

CBN Presses Ahead with Phasing Out Old Naira Notes Resident Doctors Declare Indefinite Strike Amidst Unresolved Demands Senate Leader Announces President Tinubu's Ministerial List Submission Within 48 Hours Adamu and…

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RightCard Secures IMTO License from the Central Bank of Nigeria.

RightCard Payment Services Limited, a  Lemonade Technology Inc. subsidiary,  is proud to announce that it has obtained an International Money Transfer Operator (IMTO) license from the Central Bank of Nigeria…

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CBN Says Nigerians Can Now Collect Diaspora Remittances in Naira: Everything You Need to Know

In a significant move, the Central Bank of Nigeria (CBN) has introduced the naira, the country's legal tender, as a payout option for diaspora remittances. This development offers recipients an…

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CBN Increases Surveillance on Transactions with Cameroon, Croatia, and Vietnam

In a recent development, the Central Bank of Nigeria (CBN) has instructed Deposit Money Banks and Other Financial Institutions operating in the country to intensify their oversight of transactions involving…

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Top 5 Stories Of The Day | CBN Retains Interest Rate at 27.5%

CBN Mandates Banks to Collect Social Media Handles in New Customer Due Diligence Regulation

The Central Bank of Nigeria (CBN) has recently introduced new regulations aimed at enhancing the identification process within the banking system. Financial institutions are now required to collect additional customer…

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Understanding CBN’s Floating Naira: A Simple Guide for 5-Year-Olds

Imagine a thrilling race where toy cars zoom around a track, but instead of following strict rules, they get to race freely and show their true speed. This is what…

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DSS Summons Bawa Following President Tinubu’s Approval of Suspension; CBN Implements Major Changes to Unify Forex Market Operations | 5 Things That Should Matter Today

DSS Summons Bawa Following President Tinubu's Approval of Suspension Chef Dammy's Cookathon Sparks Controversy, Guinness World Records Clarifies CBN Implements Major Changes to Unify Forex Market Operations Former Governor Ganduje…

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DSS Denies Custody of Suspended CBN Governor Godwin Emefiele

In a swift response to the widespread speculation surrounding the status of Godwin Emefiele, the suspended governor of the Central Bank of Nigeria (CBN), the Department of State Services (DSS)…

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Everything You Need to Know About The Acting CBN Governor, Folashodun Adebisi Shonubi

In a surprise move that sent shockwaves through Nigeria's financial sector, President Bola Tinubu announced the suspension of Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), on…

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We Stand by our Story – Daily Trust Replies CBN on Naira Devaluation Exclusive

In a swift response to the Central Bank of Nigeria (CBN), the country's leading newspaper, Daily Trust, has addressed the controversy surrounding its cover page story published on Thursday, June…

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Nigeria Leads Group with Victory over Italy in U-20 World Cup; I’m Proud We Gave Our Best to Nigerians – Buhari to Ministers | 5 Things That Should Matter Today

Nigeria Leads Group with Victory over Italy in U-20 World Cup I’m Proud We Gave Our Best to Nigerians - Buhari to Ministers Keyamo: Appointment of Ministers of State Unconstitutional,…

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Central Bank of Nigeria Raises Interest Rates to Tackle Soaring Inflation – Here are all the details

In response to Nigeria's mounting inflationary pressures, the Central Bank of Nigeria (CBN) has recently announced a decision to raise the monetary policy rate (MPR) from 18 percent to 18.5…

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Adeleke Offers Olive Branch to Oyetola Following Supreme Court Verdict; Billionaire Otedola Accuses Elumelu of Betrayal in Transcorp Shares Controversy | 5 Things That Should Matter Today

Adeleke Offers Olive Branch to Oyetola Following Supreme Court Verdict Osinbajo Inaugurates 240MW Afam Power Plant in Rivers Billionaire Otedola Accuses Elumelu of Betrayal in Transcorp Shares Controversy CBN to…

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Buhari not leaving Nigeria the way he met it – Femi Adesina; Lagos demolishes 13 houses for encroaching on airport land without building permits | 5 Things That Should Matter Today

Buhari not leaving Nigeria the way he met it - Femi Adesina Lagos demolishes 13 houses for encroaching on airport land without building permits CBN denies rumor of phasing out…

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NCC disavows leaked phone call between Obi and Oyedepo; Sanusi possible candidate for CBN governor under Tinubu presidency | 5 Things That Should Matter Today

NCC disavows leaked phone call between Obi and Oyedepo Ortom maintains resilience despite senatorial election loss DHQ reassures Nigeria's safety amid UN fighting vehicle sighting in Edo FPRO challenges individuals…

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Naira redesign contributed to exchange rate stability and is combating banditry – CBN

The Central Bank of Nigeria (CBN) has attributed the relative stability in the exchange rate and the successful efforts in combating banditry and ransom-taking to its naira redesign policy. According…

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Tinubu to hold prayers for Nigeria instead of 71st birthday colloquium; Super Eagles retaliate with a victory over Guinea-Bissau | 5 Things That Should Matter Today

Tinubu to hold prayers for Nigeria instead of 71st birthday colloquium Super Eagles retaliate with a victory over Guinea-Bissau Tinubu has no capacity to run Nigeria – Bode George Ngige,…

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CBN confirms disbursement of substantial amount of naira notes to banks

The Central Bank of Nigeria (CBN) has implemented a coordinated effort to ease the circulation of banknotes of various denominations across the country. To achieve this, the CBN has evacuated…

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Emefiele apologizes for failed electronic transactions, assures quick resolution

The CBN governor, Godwin Emefiele, has issued an apology to the people of Nigeria for the recent uptick in unsuccessful online banking transactions. On Tuesday, after a two-day meeting in…

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INEC pledges to swiftly prosecute electoral offenders; Tinubu’s aide urges President Buhari to suspend CBN Governor Emefiele over Naira scarcity | 5 Things That Should Matter Today

INEC pledges to swiftly prosecute electoral offenders Tinubu’s aide urges President Buhari to suspend CBN Governor Emefiele over Naira scarcity IATA reports foreign airlines' frozen funds in Nigeria amount to…

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Old Naira Notes Legal Tender Till Dec 31 – CBN; Peter Obi Challenges Tinubu’s Victory Process | 5 Things That Should Matter Today

Old Naira Notes Legal Tender Till Dec 31 - CBN Lagos to Penalize Banks Rejecting Old Naira Notes, Urges Reporting Peter Obi Challenges Tinubu's Victory Process FG Introduces New Speedy…

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Fake and malicious news – Emefiele dismisses allegations of targeting Tinubu

Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), has categorically denied accusations of orchestrating a plot against Bola Tinubu, the President-elect. Reports had emerged claiming that Emefiele…

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I cut off roads to Natasha Akpoti’s constituency for security reasons – Yahaya Bello; Emefiele, Malami must resign for misleading Buhari on naira policy – APC | 5 Things That Should Matter Today

I cut off roads to Natasha Akpoti’s constituency for security reasons - Yahaya Bello Comply immediately with Supreme court ruling on naira redesign policy - Femi Gbajabiamila to CBN Tribunal…

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Supreme Court orders Old N200, N500, N1,000 notes to remain in circulation until December 31

In a landmark decision on Friday, the Supreme Court ordered that old N200, N500, and N1,000 notes are allowed to remain in circulation until December 31, 2023. The court also…

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INEC Confirms Receipt of Funds from CBN for Upcoming Elections

INEC Chairman, Prof. Mahmood Yakubu, announced during a press conference held in Abuja that the commission has received a significant portion of the funds it requested from the Central Bank…

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FG orders closure of ALL land borders; Buhari govt not in breach of Supreme Court order – Malami | 5 Things That Should Matter Today

FG orders closure of ALL land borders Air Peace, Ibom Air suspend flight operations over Feb 25 elections Buhari govt not in breach of Supreme Court order – Malami President…

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Don’t renew subscription to suffering – Peter Obi to Nigerians; CBN denies plans to shut down banking services | 5 Things That Should Matter Today

Don’t renew subscription to suffering - Peter Obi to Nigerians Police declare 18-hour movement restriction, bar escorts and security Hunter ‘discovers thousands of PVCs’ in Anambra forest CBN denies plans…

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Supreme Court Fixes March 3 for Judgement on Lawsuit Challenging Naira Redesign Policy of CBN

The Supreme Court has announced its decision to deliver its judgment on the lawsuit against the Central Bank of Nigeria's (CBN) Naira redesign policy on March 3. The announcement was…

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