Old naira notes remain legal tender indefinitely – CBN
The Central Bank of Nigeria has extended the validity of the old N200, N500 and N1,000 notes indefinitely . The apex bank’s Director, Corporate Communications, […]
CBN
CBN, NBET others owe FG N190bn for electricity supply
Federal Government owned power firm, the Niger Delta Power Holding Company has said that the Central Bank of Nigeria, the Nigerian Bulk Electricity Trading Plc, […]
Market sentiment rises on CBN forex guidelines rollout
Economic analysts have for a long time been calling for the unification of the multiple foreign exchange rates in the country, claiming that it has […]
CBN takes financial literacy to primary school children
THE Central Bank of Nigeria (CBN) has taken its financial literacy and inclusion initiatives to children in primary schools and orphanages across the country. As […]
CBN: Achieving $200b non-oil export earnings
The Central Bank of Nigeria (CBN) has prioritised the non-oil export sector to attract foreign capital to the economy. The third bi-yearly non-oil export summit […]
Senate urges CBN to release $717m airlines trapped fund
The Senate yesterday urged the Central Bank of Nigeria (CBN) to release $717,478,606 airline funds trapped in the country. The upper chamber also called on […]
CBN: Non-oil export proceeds to attract rebates
The Central Bank of Nigeria (CBN) yesterday released a new guideline for exporters repatriating export proceeds under a rebate scheme. In a circular to all […]
Senate okays restructuring of Fed Govt’s N22.7tr unbudgeted loans from CBN
Ways and Means didn’t follow due process The Senate yesterday approved the request of President Muhammadu Buhari to restructure the N22.7 trillion Ways and Means […]
CBN to issue guidelines on contactless payment
The Central Bank of Nigeria (CBN) is about to introduce a new cashless payment system in Nigeria. Known as contactless payment system, the CBN will […]
Mixed reactions as CBN sledgehammer falls on dormant accounts
The plan by the Central Bank of Nigeria to takeover funds in dormant and inactive accounts in deposit money banks has generated mixed reactions, with […]