CBN orders PSBs to begin rural banking services
The CBN has mandated that Payment Service Banks (PSBs) serve underserved populations by focusing on rural and unbanked areas. Having...
Old Note: Senate Asks CBN To Extend Deadline To June 31
The Nigerian Senate has urged the Central Bank to extend its January 31st deadline to stop the use of the old naira notes to June 31st, OduNews reports.
World Bank Urges CBN To Adopt Single Forex Market
The world bank has urged the Central Bank of Nigeria to adopt a single-market reflective exchange rate, OduNews reports.
CBN Monitors Over 6,000 BVNs Linked To Fraudulent Transactions In Q1’22
The Central Bank of Nigeria says it is monitoring over 6,000 bank verification numbers (BVN) linked to fraudulent transactions in the first quarter of 2022.
Access Bank, CBN Partner GDF, Distribute Relief Items To Flood Victims In Bayelsa
Access bank, CBN and CIBN partnered with Goldcoast Developmental Foundation (GDF), an NGO with an interest in vulnerable people in the Niger Delta.
We Need POS Agents More In This Cashless Policy Era – Emefiele
The governor of the Central Bank of Nigeria CBN, Godwin Emefiele, stressed the importance of Point of Sale (PoS) agents...
Emefiele Bows To Pressure, Raises Withdrawal Limits To N500,00 For Individuals, N5m For Firms
The Central Bank of Nigeria has reviewed its withdrawal policy by increasing the weekly limits for individuals to N500,000 and N5 million for firms respectively.
Five Easy Ways To Identify The Fake New Naira Note
There are reports that the fake notes are already in circulation. It is based on this that OduNews presents five easy ways to identify the fake new note.
Court Thwarts DSS Attempt To Arrest Emefiele For Financing Terrorism
A federal high court sitting in Abuja has thwarted the attempt by the department of state security service to arrest the governor of the central bank of Nigeria, Godwin Emefiele. OduNews reports.
Senate Asks CBN To Increase Withdrawal Limits
The Nigerian Senate on Wednesday asked the Central Bank of Nigeria to adjust its recently announced cash withdrawal limits.
President Buhari Officially Unveils Newly Redesigned Naira Noted
This morning, the President of Nigeria unveild the new N200, N500, and N1,000 notes. Following the kickoff of this week’s...
CBN Slashes 364-Day Treasury Bill Stop Rate By 0.51%
The Central Bank of Nigeria has slashed the 364-day treasure rate at the primary market by 0.51%.
Redesigning The Naira Note; Hit Or Miss?
Reactions have continued to trail the Central Bank of Nigeria’s decision to redesign the naira notes. While many have commended...
Naira Redesign: Access Bank Provides Alternative Channels For Cash Deposit
Following the Central Bank of Nigeria's imminent launching of a redesigned naira note, Access Bank has provided alternative channels for cash deposits.
Naira Redesign: 3 Governors Planning To Launder Money By Paying Workers’ Salaries With Cash – EFCC
EFCC says three state governors are under the agency's radar for planning to launder cash through table-payment of workers' salaries.
CBN Awards Remita Payment Service Provider Of The Year
The Central Bank of Nigeria has awarded Remitta as the payment service of the year, OduNews reports.
Why I Approved CBN’s Naira Redesign Move – Buhari
President Muhammadu Buhari has given reasons why he approved the Central Bank of Nigeria's moves to redesign the naira.
CBN Suspends Bank Charges On Deposits
The Central Bank of Nigeria has ordered banks to halt charges placed on funds deposits, OduNews reports.
How Redesigning Naira Notes Will Help Fight Counterfeiting, Kidnapping – CBN
The Central Bank of Nigeria says its resolve to redesign some denominations of the naira notes will help combat counterfeiting and kidnapping.
JUST IN: CBN Introduces New N200, N500, N1000 Notes
The Central Bank of Nigeria has introduced redesigned N200, N500 and N1000 notes, OduNews reports.