CBN – Central Bank of Nigeria has confirmed that old N200, N500, N1,000 notes will remain legal tender until December 31, 2023. The apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin, announced this in a statement on Monday. AbdulMumin stated that the CBN took the decision based on the Supreme Court’s ruling of March […]
CBN – Central Bank of Nigeria has debunked a viral Whatsapp fake news of financial transactions being shut down temporarily. Central Bank of Nigeria CBN has described as fake news a viral Whatsapp message claiming the apex bank will be shutting down financial transactions from Thursday, February 23 till Monday, February 27. The bank debunked […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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’ […]