CBN Raises MPR To 17.5%
The Central Bank of Nigeria has raised the monetary policy rate from 16.5% to 17.5% to combat rising inflation.
Buhari Receives CBN Governer, Emefiele At The State House
[ODUNEWS] January 19 – Clamours for the dismissal of the embattled Central Bank Governor, Godwin Emefiele, may have hit a...
Redesigned Notes: CBN To Sanction Banks Dispensing Old Notes
[ODUNEWS] January 19 – Mr Kofo Salam-Alada, Director of the Central Bank of Nigeria’s Legal Services Department, has stated that...
Governors of 36 States to Meet with CBN Governor to Discuss Withdrawal Policy and Naira Redesign
The governors of the 36 states in Nigeria have arranged a virtual meeting with the Central Bank of Nigeria’s Governor,...
DSS Clears Air On Reported Invasion Of CBN To Arrest Godwin Emefiele
The DSS has debunked reports that its operatives invaded the Central Bank of Nigeria headquarters to arrest Godwin Emefiele.
Sacking Emefiele Won’t Solve Nigeria’s Fiscal Problems – Peter Obi
Presidential candidate of the Labour Party Peter Obi says sacking the governor of CBN, Godwin Emefiele, would not solve the country's fiscal problems.
Pressure Mounts On Emefiele To Resign Over Allged Terrorism Financing
The Central Bank Governor, Godwin Emefiele, may be forced to resign following the allegations against him by the Department of States Security Services, OduNews reports.
Bank Deposits Jumps By 19% To N43trn
Cash deposits made to banks between October, 22021 and October 2022 grew 19% to hit N43 trillion, OduNews reports.
FG Spends $12bn Importing Petrol Products In 10 Months
The Central Bank of Nigeria says that the country spent about $12 billion importing petroleum products between January and October, 2022.
New Naira Notes: CBN Insists On January 31 Deadline
The Central Bank of Nigeria says it will not extend the January 31st deadline for depositing the old naira note, OduNews reports.
Nigeria’s FX Ouflow To UK For Study Expenses Hits $2.5bn In 2022
Nigeria's foreign exchange outflow to the United Kingdom for study expenses increased to $2.5 billion in 2022, OduNews reports.
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...
CBN Says PoS Agents Needed In Cashless Policy
The Central Bank of Nigeria says Point of Sales agents are important to the enforcement of its numerous cashless policies, OduNews reports.
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.
Withdrawal Policy: Emefiele Shuns Reps Invite For Second Time
Godwin Emefiele, has again failed to appear before the house of representatives after he was invited to speak on the new cash withdrawal policy.
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...
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...