Tag: CBN

Cash withdrawal limits: Reps summon Emefiele

By Aminu Kutama The House of Representatives has summoned the Central Bank of Nigeria (CBN) Governor Godwin Emefiele over the apex bank’s new policy on...

Naira redesigning: Why we couldn’t do a better job—CBN

By Ismail Auwal The Central Bank of Nigeria (CBN) has stated that it was unable to completely redesign naira notes due to a lack of...

Emefiele defends new Naira notes amid criticism from Nigerians

By Aminu Kutama The Central Bank of Nigeria Governor, Godwin Emefiele has explained the features of the redesigned notes. Emefiele told State House Correspondents on Tuesday...

Just in: Buhari backs CBN on Naira redesign

By Ismail Auwal President Muhammadu Buhari has declared  his supports for the Central Bank of Nigeria (CBN) move to redesign  the Naira notes. According to the...

CBN replies Minister on naira redesign, insists due process followed

By Ismail Auwal In response to the Minister of Finance, Budget, and National Planning's claim that she was not informed of the decision to redesign...

Moghalu backs CBN’s proposed naira redesigning

By Ismail Auwal A former Deputy Governor of the Central Bank of Nigeria (CBN),  Prof. Kingsley Moghalu, has commended the apex bank on the proposed...

There will be consequences, Minister warns against CBN’s currency redesign

By Aminu Kutama The Minister of Finance, Zainab Ahmed, on Friday disclosed that the Central Bank of Nigeria did not consult her ministry before taking...

CBN bars foreign banks from banking businesses

By Ismail Auwal The Central Bank of Nigeria (CBN) has banned foreign banks operating representative offices in Nigeria from providing services designated as ‘banking businesses’...

Bill seeking to reduce CBN Gov’s powers passes second reading

By Ismail Auwal A bill seeking to limit the power of the governor of the Central Bank of Nigeria( CBN) has passed second reading on...

DSS arrest 14 over sale of new Naira notes in Kano

By Ismail Auwal Officials of the Department of State Services (DSS), in collaboration with the Central Bank of Nigeria ( CBN) and the Nigerian Security...

Senate to invite Emefiele over inflation, Naira’s depreciation

By Ismail Auwal The Senate has vowed to summon the Central Bank, Governor, Mr, Godwin Emefiele, in response to the inflation and currency depreciation that...

2023: We’ll no longer keep sensitive election materials with CBN—INEC boss 

By Ismail Auwal The Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has said that sensitive electoral materials will no longer be...

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