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BLUE UPDATE

Gov. Godwin Emefiele reveals Reason for the Redesign of Nigerian Currency.

Gov. Godwin Emefiele of the Central Bank of Nigeria, revealed that N2.7trillion was lying idly in people’s homes, hence the reason for the New Naira Notes Godwin Emefiele on Sunday, revealed that N2.7trillion was lying idle in people’s homes prior to 2015 when the Buhari administration came on board. He said as at 2015 currency-in-circulation […]

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BLUE UPDATE

CBN increases Interest rate to 17.5 percent.

CBN Through its Monetary Policy Committee has with the agreement & consent of all & sundry voted to increase the benchmark interest rate by 100 basis points to 17.5 per cent. The CBN Governor, Godwin Emefiele, disclosed this while reading the communiqué of the end of the two-day MPC meeting, the first of the year. […]

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BLUE UPDATE

CBN Threatens Commercial Banks with a Fine of N1m Daily if they fail to pick up New Naira Notes.

CBN – Central Bank of Nigeria has reportedly threatened commercial banks that fails to pick up the new naira notes for distribution with a daily fine of N1 million .   One of the Deputy Director at CBN Adeleke Adelokun made the announcement during a sensitization programme with traders on the new Naira notes at […]

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BLUE UPDATE

CBN Exposes position of Security Features on the Redesigned Naira Notes.

The Central Bank of Nigeria has released & exposed the security features of the newly released N1,000, N500 and N200 note respectively.   According to the CBN ; The N1,000 note has 23 security features, the N500 note has 15 security features, while the N200 note has 10 security features.    The CBN hopes that with the exposure of the […]

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BLUE UPDATE

CBN Directs Nigerians to report Cases involving loss of Money via Unauthorized POS Transaction.

CBN [ Central Bank of Nigeria ] has authorised Nigerians to report Cases involving Debits from unauthorized POS Transaction. According to the Central Bank spokesperson Nwanisobi,the apex Bank has promised to make sure customers receive remedy and compensation on issues bothering on the excess deduction charges and withdrawals without customer consent. See Statement below The […]

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BLUE UPDATE

eNaira : Nigerians Warned Against Cyber Criminals and Fake Social Media Handles.

The eNaira digital currency since its emergence has brought major concern as the Central Bank of Nigeria (CBN) warns Nigerians to be cautious of cyber criminal who have been posting fraudulent messages in line with the recently launched eNaira using fake social media handles. CBN Director, Corporate Communications, Mr Osita Nwanisobi, said in a post […]

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BLUE UPDATE

Naira Crash : The Weakest For Both Official And Parallel Market Since 2017 Finance Experts Reveal.

Naira Crash : The Weakest For Both Official And Parallel Market Since 2017 finance experts reveal. The Naira is said to have crashed to a four-year low in the parallel market after all efforts by the Central Bank’s to coax banks to sell more Dollars to customers failed to bridge the widening gap between the […]

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BLUE UPDATE

CBN : Abuse Nigerian Currency Go To Jail.

CBN – Abuse Nigerian Currency Go To Jail says the Central Bank of Nigeria to all and sundry as the power house expresses displeasure at the rate of naira abuse. The financial power house has expressed displeasure at the rate at which Nigerians and non – citizens ‘mutilate, deface, squeeze and even spray and sell’ […]

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BLUE UPDATE

CBN Approves Official Exchange Rate Of N410.25 / $1 .

The Central Bank of Nigeria has approved the official exchange rate of N410.25 / $1 bluebloodz.com has learned. The CBN confirmed NAFEX Investor & Exporter forex window rate is now Nigeria’s official benchmark exchange rate, when they reported an official exchange rate of N410.25/$1and referenced it as “NAFEX Exch, Rate (USD) as at Monday, May 24, […]

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BLUE UPDATE

CBN Sacks All Board Members Of The First Bank Nigeria plc. ( See list of New Appointees ).

The Apex bank has sacked all board members of the First Bank Nigeria plc including it’s chairman board of directors – Ibukun Awosika. The major shake up is related to the removal of Mr Adesola Adedutan as MD/CEO and the immediate appointment of Gbenga Shobo As replacement without regulatory Approval.