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CBN orders Banks to open on Saturdays, Sundays to ease cash crunch

Posted by Chuks Ofurum
|Date: March 25, 2023
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CBN orders Banks to open on Saturdays, Sundays to ease cash crunch

Central Bank of Nigeria, CBN has directed all commercial banks to open for operation on Saturdays and Sun ...

Central Bank of Nigeria, CBN has directed all commercial banks to open for operation on Saturdays and Sundays, as part of a coordinated effort to ease the circulation of banknotes of various denominat ...

March 25, 2023
| by Chuks Ofurum

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CBN set to issue old naira notes as NLC plan protest

Posted by 1st news
|Date: March 23, 2023
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CBN set to issue old naira notes as NLC plan protest

The Central Bank of Nigeria (CBN) has finally decided to release all N1,000, N500, and N200 notes in its ...

The Central Bank of Nigeria (CBN) has finally decided to release all N1,000, N500, and N200 notes in its possession to Deposit Money Banks, according to a report by The PUNCH. This decision is anticip ...

March 23, 2023
| by 1st news

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Cash limit: Emefiele apologizes to Nigerians over online transactions

Posted by Chuks Ofurum
|Date: March 22, 2023
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Cash limit: Emefiele apologizes to Nigerians over online transactions

Central Bank of Nigeria, CBN governor, Godwin Emefiele, on Tuesday apologized to Nigerians for the failed ...

Central Bank of Nigeria, CBN governor, Godwin Emefiele, on Tuesday apologized to Nigerians for the failed online transactions. Emefiele admitted challenges faced by bank customers; following the limit ...

March 22, 2023
| by Chuks Ofurum

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Moghalu reveals problems with Naira redesign

Posted by 1st news
|Date: March 15, 2023
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Moghalu reveals problems with Naira redesign

Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria, has voiced his displeasure wit ...

Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria, has voiced his displeasure with the string of crises brought on by the central bank's naira redesign policy. The terrible suf ...

March 15, 2023
| by 1st news

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Presidency reveals CBN has no reason not to obey Supreme Court on Naira redesign

Posted by 1st news
|Date: March 14, 2023
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Presidency reveals CBN has no reason not to obey Supreme Court on Naira redesign

The Presidency on Monday, March 13, said the Central Bank of Nigeria (CBN) has no reason not to comply wi ...

The Presidency on Monday, March 13, said the Central Bank of Nigeria (CBN) has no reason not to comply with the Supreme Court order on naira redesign on the excuse of waiting for directives from Presi ...

March 14, 2023
| by 1st news

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CBN clarifies Old N200, N500, N1,000 Notes remain legal tender till Dec 31

Posted by 1st news
|Date: March 14, 2023
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CBN clarifies Old N200, N500, N1,000 Notes remain legal tender till Dec 31

The Central Bank of Nigeria (CBN) on Monday said old N200, N500, and N1,000 banknotes remain legal tender ...

The Central Bank of Nigeria (CBN) on Monday said old N200, N500, and N1,000 banknotes remain legal tender till December 31, 2023. The apex bank’s Acting Director of Corporate Communications, Isa Abdul ...

March 14, 2023
| by 1st news

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CBN ends old naira cash swap programme in rural areas

Posted by Chuks Ofurum
|Date: March 12, 2023
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CBN ends old naira cash swap programme in rural areas

Central Bank of Nigeria, CBN says residents of rural and unbanked areas can no longer swap old notes for ...

Central Bank of Nigeria, CBN says residents of rural and unbanked areas can no longer swap old notes for new ones through its cash swap programme. The CBN Acting Spokesperson, Isa Abdulm ...

March 12, 2023
| by Chuks Ofurum

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CBN Report reveals how Federal Govt recorded N7.34 tn between Jan-Nov 2022

Posted by Chuks Ofurum
|Date: March 07, 2023
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CBN Report reveals how Federal Govt recorded N7.34 tn between Jan-Nov 2022

The Federal Government recorded N7.34tn fiscal deficit between January 2022 and November 2022, according ...

The Federal Government recorded N7.34tn fiscal deficit between January 2022 and November 2022, according to figures obtained from the Central Bank of Nigeria. The CBN revealed this in th ...

March 07, 2023
| by Chuks Ofurum

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Gbajabiamila criticises ‘flawed’ Naira policy after S’Court’s ruling

Posted by 1st news
|Date: March 04, 2023
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Gbajabiamila criticises ‘flawed’ Naira policy after S’Court’s ruling

The Speaker of the House of Representatives, Femi Gbajabiamila, has lauded the Supreme Court judgement nu ...

The Speaker of the House of Representatives, Femi Gbajabiamila, has lauded the Supreme Court judgement nullifying the ban on old N200, N500, and N1,000 banknotes by the Central Bank of Nigeria (CBN) t ...

March 04, 2023
| by 1st news

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Malami clarifies Buhari’s rights towards overruling S’Court’s mandate on Naira policy

Posted by 1st news
|Date: February 23, 2023
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Malami clarifies Buhari’s rights towards overruling S’Court’s mandate on Naira policy

The Attorney General of the Federation and Minister of Justice, Abubakar Malami has said that President M ...

The Attorney General of the Federation and Minister of Justice, Abubakar Malami has said that President Muhammadu Buhari did not breach the Supreme Court’s injunction as regards the Naira redesign and ...

February 23, 2023
| by 1st news

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