Real reason CBN is redesigning Naira notes

Real reason CBN is redesigning Naira notes By Lydia Ngwakwe The Central Bank of Nigeria (CBN) on Thursday said counterfeiting and hoarding were the reasons for redesigning and issuing new naira notes. Mrs Amina Abdulmalik, Deputy Director, Currency Operations Department, CBN, said this at the apex bank’s special day, at the ongoing 36th Lagos International […]

Naira redesign: ‘Those with illicit money buried under soil will have problem’ – Buhari backs CBN

By Seun Opejobi President Muhammadu Buhari, on Sunday, backed the decision of the Central Bank of Nigeria, CBN, to launch new designs of the naira denominations. Buhari said Nigerians with illicit money stashed in the soil would have problems with the new naira notes. He, however, assured that Nigerians would gain a lot when the […]

Buhari, Osinbajo, Emefiele, Others to Headline CIBN Conference

President Muhammadu Buhari, Vice President Yemi Osinbajo, and the Governor of the Central Bank of Nigeria, Godwin Emefiele have been lined up to speak at the 15th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria (CIBN) Speaking ahead of the conference, the Managing Director of Sterling Bank, Mr. Abubakar Suleiman, […]

Emefiele’s fate over presidential ambition in the hands of CBN’s board of directors – Buhari

From Juliana Taiwo-Obalonye, Abuja President Muhammadu Buhari has reacted for the first time to Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, presidential ambition, saying his fate will be determined by the apex bank’s board of directors on whether his actions have fallen foul of the laws in place to ensure he can most […]

Just in: Buhari relieves Godwin Emefiele of his job as CBN governor

President Muhammadu Buhari has sacked the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele from his job, according to Intel region. It was revealed that he may have been sacked in the early hours of Wednesday May 25. His sack may not be unconnected to his ambition to succeed Buhari at the end of his […]

CBN Deputy Governor explains depreciation in Naira’s value

cbn By NAN The Deputy Governor, Corporate Services Department of the Central Bank of Nigeria (CBN), Mr Edward Adamu, has attributed the depreciation in the value of the Naira to the effects of the COVID-19 pandemic on the economy. Adamu stated this at an interactive session with the House Committee on Finance on the 2022-2024 Medium-Term […]

No plan to convert dollar account holdings to naira, says CBN

Godwin Emefiele of CBN. Photo: NAIRAMETRICS By Geoff Iyatse ‘We will ensure full compliance with new rules’ The Central Bank of Nigeria (CBN) has assured the public that it will monitor the deposit money banks (DMBs) to ensure they comply with set rules and meet the legitimate foreign exchange needs of Nigerians. This came as the […]

CBN policies ‘ll quicken exit from recession – Coalition

Ndubuisi Orji, Abuja A coalition of youth groups has said that the economic policies of the Central Bank of Nigeria (CBN) will quicken the exit of the country from the current recession. The coalition, which consists of Arewa Consultative Youth Movement, Ohaneze Ndigbo Youth, Oduduwa Youth Forum, South South Youth Council and the Middle Belt Youth […]

EndSARS protest: FG, CBN and hounding of promoters

Omoniyi Salaudeen The youth restiveness as precipitated by the recent EndSARS protests in some parts of the country still remains a talking point in the country. Since the sudden eruption of the crisis that threatened the fabric of the nation, the desire for sustainable peace has been the major concern of the stakeholders. The only […]

CBN secures order to freeze accounts of 20 #EndSARS protesters

By Ikechukwu Nnochiri The Abuja Division of the Federal High Court has granted the Central Bank of Nigeria, CBN, the nod to freeze accounts of 20 #EndSARS promoters. The order followed an ex-parte order the apex bank filed through a team of lawyers led by a former Attorney-General of the Federation and Minister of Justice, […]

2023: We pressured Obi to dump PDP — Igbo elders

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