Long queues at commercial banks in Lagos have suddenly disappeared following the injection of more bank notes by the Central Bank of Nigeria (CBN) into commercial banks, the News Agency of Nigeria (NAN) has reported The apex bank had on Thursday confirmed the evacuation of bank notes from its...
CBN
In compliance with the Central Bank of Nigeria’s (CBN) directive, most Deposit Money Banks (DMB) branches in Kubwa opened for operations on Saturday. Checks by the News Agency of Nigeria (NAN) saw huge crowd of customers, with bank officials making efforts to meet their cash needs. The banks were,...
Banks in satellite towns of the Federal Capital Territory (FCT), on Saturday opened for business as directed by the Central Bank of Nigeria (CBN). The News Agency of Nigeria (NAN) correspondent who monitored some banks in the Territory, reports that huge crowds of customers were seen at banks’ Automated...
By EZEKIEL OBI, Abuja – The Central Bank of Nigeria (CBN), has confirmed the evacuation of banknotes from its vaults to commercial banks across the country. This is contained in a statement issued by Dr Isa AbdulMumin, the Acting Director, Corporate Communications of the CBN. He said the move...
Mr Issa Aremu, the Director-General, Michael Imoudu National Institute of Labour Studies (MINILS), Ilorin, has advised the Central Bank of Nigeria (CBN) to engage the Nigeria Labour Congress (NLC) in social dialogue to avert picketing over cash scarcity caused by naira redesign. Aremu made the call on Thursday in...
The House of Representatives has urged the Central Bank of Nigeria (CBN) to direct commercial banks to overhaul the existing online/electronic banking platforms for efficient conduct of electronic banking operations. This is sequel to a unanimous adoption of a motion by Rep. Sergius Ogun (PDP-Edo) at plenary on Thursday....
The Nigeria Labour Congress (NLC) has directed all workers to protest at all the offices of the Central Bank of Nigeria (CBN) nationwide starting next week over the current cash crunch in the country. NLC President, Joe Ajaero, who briefed journalists in Abuja, said the mobilisation for the exercise...
The Central Bank of Nigeria (CBN), says the Nigerian economy has maintained a positive growth trajectory for nine consecutive quarters, since exiting recession in 2020. The CBN Governor, Mr Godwin Emefiele, said this on Tuesday in Abuja, when he read the comminique issued at the end of the 290th...
The Central Bank of Nigeria (CBN), says there is the need to extend financial literacy to children to enable them plan for the future. Chinyere Nwobilor, Head, Consumer Education Division, Consumer Protection Department of the CBN said this on Tuesday in Abuja, at a financial literacy fair to commemorate...
Some residents of the Federal Capital Territory (FCT) have called on the Central Bank of Nigeria (CBN) to release more banknotes to money deposit banks to ease hardship. The residents told the News Agency of Nigeria (NAN) on Thursday in Abuja that improvement had not been seen in terms...
Some traders in various markets in the satellite towns of the FCT are still skeptical about collecting the old Naira notes in spite of Central Bank Nigeria’s (CBN) directive. Some of the traders who spoke to the News Agency of Nigeria (NAN) at Karu, Nyanya, and Mararaba Markets on...
By OLA MUDOPE, Ilorin – Kwara State Governor, AbdulRahman AbdulRazaq has warned residents of the state against rejecting old Naira notes, saying that such act constitute a serious criminal offence under the law. Governor AbdulRazaq, who stated this in a statement on Tuesday, advised residents of the state, especially...
Gov. Bello Matawalle of Zamfara said the Central Bank of Nigeria (CBN)’s compliance with the Supreme Court Order on old currency notes was a victory for Nigerians. Matawalle stated this in a statement issued by Malam Zailani Bappa, hisSpecial Adviser, Public Enlightenment, Media and Communications in Gusau on Monday....
The Nigeria Labour Congress (NLC) says it plans to order workers to sit at home if in seven days the Federal Government fails to address current naira scarcity Its President, Mr Joe Ajaero, made the declaration on Monday in Abuja at the end of an emergency meeting of the...
By JOY ADARA, Abuja – The Central Bank of Nigeria (CBN) has declared the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till Dec. 31, 2023. The CBN Acting Director, Corporate Communications, Alhaji lsa AbdulMumin, who disclosed this in a statement issued on Monday,...
The Central Bank of Nigeria (CBN), on Monday, said that the old N200, N500 and N1,000 banknotes remain legal tender till Dec. 31. According to a statement by Isa AbdulMumin, CBN’s Acting Director, Corporate Communications, this is in compliance with the March 3 judgment of the Supreme Court. The...
By DAVID IORJA, Abuja – The Presidency on Monday said it never directed the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele and the Attorney-General of the Federation, Abubakar Malami, not to comply with the ruling of the Supreme Court on the naira redesign policy. The president’s spokesman,...
To stem the hardship faced by residents arising from cash scarcity, the Ondo State Government on Monday held a meeting with representatives of the Central Bank of Nigeria (CBN) and Commercial Banks in the state. The Deputy Governor of Ondo State, Mr Lucky Aiyedatiwa, at the meeting in Akure,...
The Pastor of Christ Embassy Church, Lekki, Pastor Deola Phillips, has called for prayers for the healing of the nation. Phillips made the call in a statement to herald the seventh edition of the Healing Streams Live Healing Service with Pastor Chris Oyakilome. She said that there was the...
By BARBARA KALU, Umuahia – The Abia Government says it will sanction any person, group or business entity that rejects the old 500 and 1,000 naira notes for business transactions. The threat is contained in a statement issued by the Secretary to the State Government, Mr Chris Ezem, and...