Cash Scarcity Crippled Nigeria’s Economy – UN
The United Nations says the cash swap policy of the Central Bank of Nigeria which led to cash scarcity crippled Nigeria's economy.
Nigeria’s External Reserves Fall By $1.4bn
The Central Bank of Nigeria says the country's external reserves fell by $1.4 billion between January and March 2023.
Banks Limit Cash Withdrawals Amid CBN Directive
Banks in the Federal Capital Territory limit cash withdrawals for customers as the Central Bank of Nigeria instructs the return of old denominations and raises ATM and over-the-counter withdrawal limits.
Banks To Open Saturdays, Sunday As CBN Says Enough Money Now Distributed
The Central Bank of Nigeria says it has distributed substantial money to commercial banks to ameliorate the suffering occasioned by the failed Naira policy.
CBN To Release Old Notes To Banks Today
The Central Bank of Nigeria says mopped-up old notes will be released to commercial banks today (Thursday). OduNews reports.
NLC To Protest At CBN’s Offices Over Naira Scarcity
The Nigerian Labour Congress has directed workers to stage protests at offices of the Central Bank of Nigeria across the country, OduNews reports.
CBN Pegs Interest Rate At 18%
The Central Bank of Nigeria has increased the benchmark interest rate by 50 points to 18%, OduNews reports.
We Lost N30bn Worth Of Eggs Over Naira Scarcity – Poultry Farmers
The Poultry Farmers Association of Nigeria says it lost over N30 billion worth of eggs due to the naira scarcity that ravaged the country.
Nigeria’s Inflation Rate Jumps To 21.9% Amid Failed Naira Policy
Nigeria's inflation rate increased to 21.9% in February 2023 from the 21.82% recorded in January, OduNews reports.
Nigerian Banks Extend Form A Processing Time Amid Forex Shortages
Discover the latest developments in Nigerian commercial banks' handling of international school fees and upkeep requests, including extended processing times and new limits due to forex scarcity.
CBN Has Ordered Banks To Pay Old Notes – Soludo
Anambra state governor, Charles Chukwuma Soludo, says the central bank of Nigeria has directed commercial banks to start paying old notes to customers.
BEWARE! Buhari, Emefiele Setting A Dangerous Precedent!
This is not the first time President Muhammadu Buhari' will brazenly disregard the ruling of a court and he now appears to make such his greatest legacy.
New Naira: CBN Reacts To Emefiele’s Alleged Plot Against Tinubu
The Central Bank of Nigeria has reacted to a report accusing its governor, Godwin Emefiele, of plotting against the president-elect, Asiwaju Bola Ahmed Tinubu.
CBN Releases Guidelines For Open Banking
The Central Bank of Nigeria has released new guidelines for open banking in the country, OduNews reports.
Nigeria’s Petroleum Earnings Fall By 53.4%
CBN says Nigeria recorded a 53.4% fall in its petroleum earnings in November 2022 when compared to the previous month.
Central Bank of Nigeria Appoints Acting Director of Communications
The Central Bank of Nigeria has appointed Dr. Isa Abdulmumin as the Acting Director of the Corporate Communications Department, following the retirement of Osita Nwanisobi. With a wealth of experience, Dr. Abdulmumin's appointment demonstrates the bank's commitment to continuity and effective management. Learn more about this appointment and the bank's communication and stakeholder engagement strategies.
Aisha Buhari Reacts To Sharing “Fake News” On Naira Swap
Nigeria's first lady, Aisha Buhari, has denied sharing the fake news about the naira swap policy on her social media pages, OduNews reports.
Bank Workers in Nigeria to Commence Strike over Attacks by Customers
On February 18, 2023, reports emerged that bank workers in Nigeria would commence a strike starting from Monday. The reason...
BREAKING: Banks Must Not Receive Old N500, N1,000 Notes – CBN Declares
The Central Bank of Nigeria has debunked reports that commercial banks have been authorised to receive the old N500 and N1,000 notes.
CBN Asks Banks To Collect Old N500, N1,000 Notes Below N500,000
The Central Bank of Nigeria has directed commercial banks across the country to start receiving the N500 and N1,000 notes respectively.