From Abdullahi Alhassan, Kaduna The Central Bank of Nigeria (CBN) has issued a strong warning against the mutilation and abuse of the Naira, urging Nigerians to respect the national currency and desist…
Tag: CBN
CBN’s Geo-tagging Policy: A Double Edged Sword on DPI
By Zulaiha Danjuma Point of Sale (POS) machines in Nigeria have revolutionized the country’s digital payment infrastructure, making banking services more accessible, especially in rural areas. As a crucial component of Nigeria’s…
CBN extends FX sale period to BDCs
The Central Bank of Nigeria (CBN) has extended the Foreign Exchange (FX) sale period to Bureau de Change (BDC) operators until May 30. This aims to better serve retail market demands. The…
NAHCON Chairman Seeks Removal of 2% Charge on Pilgrims’ Funds by CBN
By Nura Ahmed Dakata The Chairman of the National Hajj Commission of Nigeria (NAHCON), Professor Abdullahi Saleh Usman, has appealed to the Central Bank of Nigeria (CBN) to waive the 2% charge…
Jaiz Bank Concludes N10.04 Billion Private Placement, Meets CBN’s Revised Capital Requirements
Jaiz Bank has successfully listed N10.04 billion from its private placement on the Nigerian Exchange Group (NGX), following regulatory approvals from the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC),…
CISLAC worries over judgement Halting Rivers allocation, warns against Destabilizing Nigerian Democracy
From Abdullahi Alhassan, Kaduna The Civil Society Legislative Advocacy Centre (CISLAC) has expressed profound concern over the recent Federal High Court ruling that restricts the Central Bank of Nigeria (CBN) and other…
Stop wasteful spendings amid economic hardship, CISLAC tells apex Bank
From Abdullahi Alhassan, Kaduna Civil Society legislative and advocacy centre (CISLAC) has issued a strong call to the Central Bank of Nigeria (CBN) to curb extravagant spending and reduce the high cost…
NNPC, CBN Partner for Smooth Business Operations
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mallam Mele Kyari, and the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, have reviewed…
Inflation set to drop to 21% in Nigeria – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reassured Nigerians that the nation’s inflation rate will decline to 21%. He revealed this on Tuesday while briefing lawmakers at…
Muhammadu Sanusi II’s Betrayal Of People’s Trust, A Warning Against Personal Gain
By Bello Umar In the realm of social justice and the pursuit of rights, it is disheartening to witness individuals who were once hailed as champions of the people, suddenly betraying the…
Northern Consensus Movement Urges Reconsideration of CBN and FAAN Relocation
From Abdullahi Alhassan, Kaduna The Northern Consensus Movement (NCM) strongly opposes the Federal Government’s decision to relocate the Ministry of Aviation and certain departments of the Central Bank of Nigeria (CBN) from…
Relocation Of Agencies: Northern Senators Pledge To Address Constituents’ Concerns
By Abdullahi Yusuf The Northern Senators Forum has assured constituents in the region of its commitment towards addressing their concerns regarding certain decisions and policies put forth by the Federal Government. The…
CBN: Your money is safe in Nigerian banks
The Central Bank of Nigeria (CBN) has assured depositors of the safety of their funds in the country’s financial institutions. “Nigerian banks remain safe and sound,” declared CBN director of corporate communications…
CBN Dismisses CAR Failure Reports, Says Nigerian Banks Strong
The Central Bank of Nigeria (CBN) has assured the banking public that Nigerian banks are buoyant. The CBN said this in a statement issued by its Acting Director, Corporate Communications, Mrs Hakama…
CBN freezes accounts without BVN, NIN from April 2024
The Central Bank of Nigeria (CBN) has announced a “Post No Debit” restriction on all bank accounts without both a Bank Verification Number (BVN) and a National Identification Number (NIN). This directive,…
Old naira notes remain legal tender indefinitely, CBN announces
The Central Bank of Nigeria (CBN) has announced that the old N200, N500, and N1,000 notes will remain legal tender indefinitely. The apex bank on Tuesday extended “the legal tender status deadline…
Don’t panic, naira notes still legal tender – CBN
The Central Bank of Nigeria (CBN) has again assured Nigerians that there is no need to panic about the availability of naira notes. The apex bank in a statement on Wednesday said…
CBN assures Nigerians of sufficient stock of currency notes
The Central Bank of Nigeria (CBN) has assured Nigerians of sufficient stock of currency notes to facilitate economic activities in the country. This follows reports of alleged scarcity of cash at banks,…
BREAKING: CBN lifts ban on 43 items, to intervene in FX market
By Mustapha Salisu The Central Bank of Nigeria (CBN) has announced the lifting of ban on the importation of all 43 items previously restricted by the 2015 Circular referenced TED/FEM/FPC/GEN/01/010 and its…
Yobe NECAS inaugurates task force c’ttee on 2018/2019 loan recovery
From Sani Gazas Chinade, Damaturu Sequel to the directives from the National chairman, the North- East Commodity Association NECAS Yobe State chapter has constituted a state joint Task- force involving DSS, Police, Civic…
BREAKING: CBN stops banks from utilising FX gains caused by naira devaluation
The Central Bank of Nigeria (CBN) has asked deposit money banks (DMBs) to stop utilising gains from the revaluation of the naira to pay dividends or finance operations. CBN said a review…
Falana criticizes ‘illegal’ floating of Naira, takes CBN to court
Human rights lawyer Femi Falana has stated that the move by the Central Bank of Nigeria (CBN) under President Bola Tinubu to float the naira is unlawful and is currently facing legal…
Speculation as Nigeria’s albatross to development
By Abdullahi Yusuf It has been established over time that Speculation is part of human behaviour. People speculate about things in order to achieve certain objectives for their own benefits.They also speculate…
CCP lauds DSS for unearthing crimes of ex-CBN, EFCC bosses
From Mika’il Tsoho, Dutse A group of Concern Citizens Project (CCP) commended Department of State Security (DSS) for Unearthing many crimes of former CBN governor, Godwin Emefiele and former EFCC boss, Abdulrasheed…
BREAKING: DSS presents Godwin Emefiele in court for arraignment
Suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has made his appearance at the Federal High Court in Ikoyi, Lagos. The charges against him include two counts of illegal possession of…