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The house of representatives has asked the Central Bank of Nigeria (CBN) to direct commercial banks to overhaul their existing electronic banking platforms. The legislators said...
The Central Bank of Nigeria on Thursday began the disbursement of old naira notes to Deposit Money Banks as government authorities stepped up efforts to end...
The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 17.5 percent to 18...
The currency in circulation in the country dipped by a 235.03 per cent to N982.09bn at the end of February from N3.29tn at the end of...
Commercial banks in Lagos have started disbursing the old naira notes to customers at their various automated teller machines (ATMs) terminals and over the counter. The...
Bello Matawalle, governor of Zamfara state, says the compliance of the Central Bank of Nigeria (CBN) with the supreme court order on the validity of old...
CBN has urged Nigerians to start accepting old Naira notes, stating it remains legal tender. Central Bank of Nigeria has broken its silence on the order...
The International Monetary Fund (IMF) has urged central banks to refrain from monetizing excessive government debt. Debt monetization is when a government borrows money from the...
The Supreme Court on Friday nullified the federal government’s illegal withdrawal of N200, N500, and N1,000 banknotes from circulation. A seven-member panel of the court led...
The Supreme Court has adjudged the cash withdrawal limits imposed by banks as a result of scarcity of currency notes in circulation as a violation of...
