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CBN orders banks to load ATMs with new currency notes, bans on-the-counter withdrawals

Posted by Chuks Ofurum
|Date: January 08, 2023
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CBN orders banks to load ATMs with new currency notes, bans on-the-counter withdrawals

The Central Bank of Nigeria, CBN has directed banks to load their Automated Teller Machines with only new ...

The Central Bank of Nigeria, CBN has directed banks to load their Automated Teller Machines with only new notes to ensure that the currency circulates across the nation ahead of January 31, 2023, dead ...

January 08, 2023
| by Chuks Ofurum

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25 Firms to bid for Polaris Bank -CBN

Posted by Chuks Ofurum
|Date: January 05, 2023
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25 Firms to bid for Polaris Bank -CBN

Central Bank of Nigeria, CBN has said 25 firms were invited to participate in the sale process of Polaris ...

Central Bank of Nigeria, CBN has said 25 firms were invited to participate in the sale process of Polaris Bank Limited via the execution of a non-disclosure agreement. The Director of Co ...

January 05, 2023
| by Chuks Ofurum

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CBN aims to eliminate cash transactions by 2025

Posted by 1st news
|Date: January 04, 2023
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CBN aims to eliminate cash transactions by 2025

As the new naira notes circulate in the economy, the Central Bank of Nigeria (CBN) has predicted that the ...

As the new naira notes circulate in the economy, the Central Bank of Nigeria (CBN) has predicted that the need of cash payments will naturally decline by 2025. This was stated by the apex bank in its ...

January 04, 2023
| by 1st news

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CBN received 2,432 complaints against Banks, others in six months

Posted by Chuks Ofurum
|Date: December 31, 2022
| 0 comments

CBN received 2,432 complaints against Banks, others in six months

The Central Bank of Nigeria, CBN has said; it received 2,432 complaints against financial institutions in ...

The Central Bank of Nigeria, CBN has said; it received 2,432 complaints against financial institutions in the first six months of this year. This was; contained in the CBN Financial Stab ...

December 31, 2022
| by Chuks Ofurum

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Senate to CBN: Extend deadline of old Naira notes to June 2023

Posted by 1st news
|Date: December 29, 2022
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Senate to CBN: Extend deadline of old Naira notes to June 2023

The Senate has advised the Central Bank of Nigeria (CBN) to immediately extend the date from January 31, ...

The Senate has advised the Central Bank of Nigeria (CBN) to immediately extend the date from January 31, 2023, to June 30, 2023, for the removal of obsolete currency notes from circulation. Sen. Moham ...

December 29, 2022
| by 1st news

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CBN clarifies allegations of witch-hunt against politicians over ATM policy

Posted by 1st news
|Date: December 22, 2022
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CBN clarifies allegations of witch-hunt against politicians over ATM policy

The Central Bank of Nigeria (CBN) has said the cash withdrawal limit policy it introduced is not to targe ...

The Central Bank of Nigeria (CBN) has said the cash withdrawal limit policy it introduced is not to target politicians but is based on research. CBN deputy governor on financial systems stability, Ais ...

December 22, 2022
| by 1st news

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Emefiele is sick – CBN

Posted by Chuks Ofurum
|Date: December 22, 2022
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Emefiele is sick – CBN

Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, will not appear before the House of Repres ...

Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, will not appear before the House of Representatives on Thursday, the apex bank has said. Emefiele will be represented by th ...

December 22, 2022
| by Chuks Ofurum

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CBN adjusts ATM withdrawal limit to N500,000 weekly

Posted by 1st news
|Date: December 21, 2022
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CBN adjusts ATM withdrawal limit to N500,000 weekly

The Central Bank of Nigeria (CBN) has increased the weekly maximum limit for cash withdrawals by individu ...

The Central Bank of Nigeria (CBN) has increased the weekly maximum limit for cash withdrawals by individuals and corporate entities across all channels to N500,000 and N5,000,000, respectively. The in ...

December 21, 2022
| by 1st news

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Cash withdrawal saga deepens as House of Reps order CBN to stay action

Posted by Chuks Ofurum
|Date: December 21, 2022
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Cash withdrawal saga deepens as House of Reps order CBN to stay action

House of Representatives on Tuesday insisted that the Central Bank of Nigeria, CBN must not proceed with ...

House of Representatives on Tuesday insisted that the Central Bank of Nigeria, CBN must not proceed with its cash withdrawal policy. Although the CBN Governor, Godwin Emefiele, for the s ...

December 21, 2022
| by Chuks Ofurum

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Emefiele: Court rules DSS has no jurisdiction to arrest CBN Gov

Posted by 1st news
|Date: December 21, 2022
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Emefiele: Court rules DSS has no jurisdiction to arrest CBN Gov

Justice John Tsoho, the Chief Judge of the Federal High Court in Abuja, on Tuesday, December 20, denied t ...

Justice John Tsoho, the Chief Judge of the Federal High Court in Abuja, on Tuesday, December 20, denied the Department of State Services' request to detain Godwin Emefiele, the governor of the Central ...

December 21, 2022
| by 1st news

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