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,...
Godwin Emefiele
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...
The Association of Northern Agricultural and Allied Commodities Practitioners (ANAACOP) and Central Bank of Nigeria (CBN) has inaugurated farmers programmable money agro e-Naira engagement. The News Agency of Nigeria (NAN) reports that the programme is targeting one million farmers in Northeastern states in 2023 farming season. Mr Godwin Emefiele,...
The Central Bank of Nigeria (CBN), has disbursed N12.65 billion to the Anchor Borrowers Programme (ABP), its flagship agriculture intervention scheme from January till date. The CBN Governor, Mr Godwin Emefiele said this on Tuesday in Abuja, when he read the communique issued at the end of the 290th...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has increased the Monetary Policy Rate (MPR) to 18 per cent from 17.5 per cent. The CBN Governor, Mr Godwin Emefiele said this on Tuesday when he read the communique issued at the end of the 290th...
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 OLA MUDOPE, Osogbo – Osun State Governor, Ademola Adeleke has warned commercial banks in the state to stop issuing old naira notes to customers, if they will not accept it back as deposits. Governor Adeleke gave the warning in a statement issued by his spokesperson, Malam Olawale Rasheed,...
The Central Bank of Nigeria (CBN) has ordered commercial banks across Nigeria to start receiving old N200, N500 and N1000 notes. This was disclosed by Governor Chukwuma Soludo, the Anambra State Governor, via a post on his Facebook page on Monday. He noted that the CBN governor, Godwin Emefiele,...
By EZEKIEL OBI, Abuja – The Governor of Central Bank of Nigeria (CBN) has debunked a news report published in The Nation newspaper of Monday, March 13, 2023 edition, alleging that he has launched a “fresh plot against President-elect, Bola Tinubu. Mr. Emefiele debunked the report in a statement...
Nigerians are yet to access the new and old Naira notes days after the Supreme Court order reverting the Central Bank of Nigeria (CBN) directive to stop its use as legal tender from Feb. 10. The News Agency of Nigeria (NAN) reports that Deposit Money Banks (DMBs) in Abuja...
Business operators in the Federal Capital Territory (FCT) Abuja say they are anxious to hear from President Muhammadu Buhari and/or the Central Bank over validity of old Naira notes. The business operators were reacting to the Supreme Court ruling that the old N500 and N1000 notes remained legal tender...
An Economist, Dr Tope Fasua, has urged the Central Bank of Nigeria (CBN) to ensure optimally functional internet capacities for the cashless policy be effective. Fasua said this on Sunday in Abuja in interview with the News Agency of Nigeria (NAN). According to him, cashless policy and financial inclusion...
By JOY ADARA, Abuja – The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to reveal plans his administration is taking to obey the recent Supreme Court order on the naira redesign. Last week, the Supreme Court extended the validity of the old N200, N500, and...
Kaduna State Governor, Nasir El-Rufai on Friday alleged that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele introduced the naira redesign policy to help the Peoples Democratic Party (PDP) win the 2023 general elections. “Emefiele was appointed Central Bank Governor by the PDP originally. So, let’s...
By JOY ADARA, Abuja – The Central Bank of Nigeria (CBN) has debunked a misleading report misquoting the Governor, Mr. Godwin Emefiele, as attributing the current challenge in the distribution of the newly redesigned naira banknotes to a shortage of printing materials at the Nigerian Security Printing and Minting...
A Senior Advocate of Nigeria (SAN), Mr Richard Ogunwole, on Wednesday, advised Central Bank of Nigeria (CBN) to abide by the Supreme Court’s temporary order halting the move by the Federal Government to ban the use of old naira notes from Feb. 10. Ogunwole, who gave the advice in...
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, is being buffeted by a platoon of vested interests in Nigeria. His ‘sin’ is that he redesigned the naira, thus rendering the old notes invalid from a particular date. No sane person will find himself in Emefiele’s position...
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has promised to provide seamless cash needed for Independent National Electoral Commission (INEC) to prosecute the 2023 general election. The promise was in aftermath of the naira redesign policy of the present administration which restricted the withdrawal of money...
President Muhammadu Buhari on Tuesday met with the leadership of the Nigeria Governors Forum (NGF) and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, at the State House, Abuja. The News Agency of Nigeria (NAN) reports that the president had earlier scheduled to meet with all...
By EZEKIEL OBI, Abuja b- The Peoples Democratic Party (PDP) has called on President Muhammadu Buhari to protect Nigerians by going after political leaders and saboteurs mopping up the new Naira notes. The PDP National Publicity Secretary, Debo Ologunagba, made the call in a statement issued on Sunday in...