The Central Bank of Nigeria, CBN, has said that its naira redesign policy led to relative stability in the exchange rate.Information Guide Nigeria According to the apex bank, the naira redesign policy supported the efforts of security agencies in combating banditry and ransom-taking in the county. VANGUARD reports that the CBN, stated that some denominations … Read more
THE Central Bank of Nigeria, CBN, has rolled out Regulatory Guidelines to guide banks and Other Financial Institutions (OFIs) interested in the conversion or re-categorization of their licenses. VANGUARD reports that this was contained in a circular signed by Director, Financial Policy and Regulation Department, CBN, Mr. Chibuzo Efobi.Information Guide Nigeria According to apex bank, … Read more
THE Nigeria Labour Congress, NLC, has suspended its planned nationwide indefinite strike and picketing of Central Bank of Nigeria, CBN, offices over the scarcity of naira notes.Information Guide Nigeria Recall that NLC had planned to begin the nationwide sit-at-home indefinite strike from today (Wednesday, March 29) and picketing of CBN headquarters and its state offices … Read more
The Central Bank of Nigeria (CBN) has directed all commercial banks in the country to open for operation on Saturdays and Sundays.Information Guide Nigeria This is following the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations. … Read more
The Central Bank of Nigeria (CBN) has began the disbursement of old naira notes as the Nigerian government intensified efforts to end the crippling cash scarcity.Information Guide Nigeria It is no news that naira scarcity has grounded the economy and inflicted severe pains on bank customers across the country. According to LEGIT.NG, the CBN had … Read more
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has felicitated with Nigerian women on on International Women’s Day.Information Guide Nigeria Emefiele called for more engaging conversations on how women can leverage technology and innovation to bridge the digital gender gap. CHAMPION NEWS reports that he said this in his keynote address … Read more
Governor, Godwin Emefiele of the Central Bank of Nigeria, on Tuesday, apologised to Nigerians for the failed online transactions.Information Guide Nigeria Godwin Emefiele admitted challenges faced by bank customers following the limit on cash withdrawals and said the CBN would sustain the current monetary regime following a rise in headline inflation which posed significant risks … Read more
The Central Bank of Nigeria, CBN, has admitted failures in the online payment channels that have frustrated banks’ customers in the past two months.Information Guide Nigeria The apex bank has raised its Monetary Policy Rate, MPR by 50 basis points to 18%, from 17.5%, the fifth consecutive raise in the past nine months in a … Read more
The Central Bank of Nigeria (CBN) has dispelled fears of a possible backlash, or linkage of the banking sector failure, or instability arising from the collapse of some big banks in the United States. The CBN Governor, Godwin Emefiele said this yesterday at the end of the Monetary Policy Committee (MPC) Meeting in Abuja. Emefiele … Read more
Barely three days after the Central Bank of Nigeria declared old N1,000, N500 and N200 notes as legal tender, commercial banks are complaining about shortage of cash.Information Guide Nigeria This has caused severe hardship and pains for several bank customers seeking to withdraw funds. According to PUNCH, while some bank officials said their stocks of … Read more