CBN

The Central Bank of Nigeria (CBN) has come out to say that reports that it is selling foreign exchange (FX) to bureau de change (BDC) operators at the rate of N1,001/$1 are false. The apex bank recently had its say in a post on X, and Nigerians have been reacting. ...

The Central Bank of Nigeria has written to all banks in Nigeria to stop the use of foreign currencies as collateral for naira loans. The statement was recently shared by the apex bank’s acting Director, Banking Supervision Department, Adetona Adedeji, and Nigerians have been reacting. According to him, CBN has ...

The Central Bank of Nigeria (CBN) governor, Yemi Cardoso has come out to say that over $26 billion passed through the crypto app, Binance Nigeria in the last four years. He recently had his say after the Monetary Policy Committee (MPC) meeting in Abuja, and Nigerians have been reacting. According ...

The Governor of the Central Bank of Nigeria, Olayemi Cardoso has come out to say that the apex bank will no longer give Ways and Means to the Federal Government until the previous loans are repaid. He recently had his say while speaking to the press, and Nigerians have ben ...

The Central Bank of Nigeria has come out to say that the country’s inflation rate is better compared to most African nations. The acting Governor of the CBN, Folashodun Shonubi recently had his say via a press statement, and Nigerians have been reacting. According to him, the reality is that ...

The Central Bank of Nigeria has come out to debunk the claim that it has devalued the naira. This was recently revealed by the Acting Director Corporate Communications, Isah AbdulMumin, and Nigerians have been reacting. According to him, CBN states categorically that the recent news report are false and it ...

The country’s external reserves fell by $1.46bn between January and March, figures obtained from the Central Bank of Nigeria have revealed. This was recently revealed via a press statement, and Nigerians have been reacting. According to CBN, data on movement of external reserves on Sunday showed that the reserves, which ...

The Emir of Kano, Alhaji Aminu Ado Bayero has come out to caution the Central Bank of Nigeria and commercial banks to follow the cashless policy steadily in step-by-step for the people in the country to embrace and familiarize with the new change. He recently had his say while speaking ...

The Kogi State branch of the Central Bank of Nigeria has come out to order individuals with less than N500,000 to visit their various banks to exchange them with new naira notes. The Kogi Branch Controller of the CBN, Ahmed Sule recently revealed this to the press, and Nigerians have ...

The Central Bank of Nigeria has come out to vow to clamp down on Point of Sale owners who have turned themselves to payment agents to take advantage of members of the public. This was recently revealed by the Director, Governor’s Department, CBN, Mr Joseph Omayuku, and Nigerians have been ...

The Central Bank of Nigeria has directed commercial banks to start paying the new naira notes to customers over-the-counter in the banking halls. This was recently revealed by the bank’s Director of Corporate Communications, Osita Nwanisobi, and Nigerians have been reacting. According to him, Nigerians can rest assured that the ...

Nigerian banks will only load N200 notes and lower denominations into their Automated Teller Machines, Central Bank of Nigeria has said. This is according to a memo issued to banks on Tuesday and signed by the CBN Director of Banking Supervision, Haruna .B. Mustafa, and Nigerians have been reacting. According ...

The Governor of the Central Bank of Nigeria, Godwin Emefiele has come out to announce that Muhammadu Buhari will unveil the newly designed naira notes on Wednesday. He recently had his say while speaking to the press, and Nigerians have been reacting. According to him, the apex bank would not ...

The Central Bank Governor, Godwin Emefiele has come out to warn that the apex bank would stop the usage of old Naira notes from 31st January, 2023. He recently had his say via a press statement, and Nigerians have been reacting. According to him, the country’s currency management has faced ...

The Minister of State for Mines and Steel Development, Dr Uche Ogah has come out to say that the Central Bank of Nigeria has not been supporting the development of the mines and solid mineral sector. He recently revealed this at a two-day public hearing organised by the Senate Committee ...

Ex Director, Budgeting Department, Central Bank of Nigeria (CBN), Dr Titus Okunrounmu has come out to say that Nigeria’s economy can grow by between seven per cent and 10 per cent annually. He recently revealed this to the press, and Nigerians have been reacting. According to him, if the necessary ...

The Central Bank of Nigeria (CBN) has come out to assure Nigerians that there is enough foreign exchange for them to meet their obligations. Governor of the bank, Mr. Godwin Emefiele, recently gave the assurance at the end of yesterday’s Monetary Policy Committee meeting, in Abuja. According to him, the ...

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele has come out to say that the cryptocurrency ban was in the best interest of Nigerians. He recently revealed this while briefing a joint Senate Committee on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market, on ...

The Central Bank of Nigeria, CBN has come out to say that the Federal Government (FG) should avoid another lockdown amid the pandemic. This was recently revealed in a statement by the CBN Governor, Godwin Emefiele, at the end of the apex bank’s Monetary Policy Committee (MPC) first meeting of ...

The Central Bank of Nigeria (CBN) has advised against complete lockdown of the economy amid the 2nd wave of the coronavirus pandemic. CBN Governor, Godwin Emefiele recently this at the just-concluded meeting of the bank’s Monetary Policy Committee (MPC) in Abuja, and Nigerians have been reacting. According to him, the ...