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Did politics of Buhari’s Kano visit inform CBN’s extension of Naira swap date?

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Did the planned visit of President Muhammadu Buhari  to his political stronghold of Kano State inform Sunday's sudden decision of the Central Bank to ...
Business

CBN extends naira swap by 10 days; INEC, PVC collection by five

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The Central Bank of Nigeria (CBN) on Sunday got a 10-day extension approval from President Muhammadu Buhari for the swapping of old currency notes...
Business

The game at play as CBN denies scarcity of new Naira notes, Ortom backs NASS

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There is game at play among customers, banks, and the Central Bank of Nigeria! But what is it, many customers seek to know, even...
Business

CBN ups interest rate to 17.5%, insists on Jan 31 deadline for old naira notes

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The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which measures interest rates from 16.5% to 17.5 percent to tame...
News

Hurrah: CBN raises withdrawal limits, warns banks

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After multi- pronged pressure was brought to bear on the Central Bank of Nigeria (CBN), it has finally raised the amount of cash individuals...
Business

How we may tinker with new cash withdrawal policy, by CBN Governor

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The cash withdrawal  policy is sacrosanct and already has the buy-in of President Muhammadu Buhari, the Central Bank of Nigeria Governor, Mr. Godwin Emefiele declared...
Business

Opposition to CBN’s cashless policy rises in National Assembly, House wants it quashed, summons Emefiele

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The House of Representatives has moved a notch higher in its reaction to the new policy of the Central Bank of Nigeria (CBN) pegging...
Business

Starting Jan. 9, CBN pegs ATM withdrawals at N20,000 per day, N100,000 per week

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The maximum cash withdrawals through Automated Teller Machines (ATMs) has been pegged at N100,000 per week and N20,000 per day by the Central Bank...
Statement

EFCC Hails CBN, Moves to Clampdown on Currency Hoarders

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The Economic and Financial Crimes Commission, EFCC, has applauded the move by the Central Bank of Nigeria, CBN, to redesign and reissue higher denominations...
Business

CBN is worsening job losses, increase in prices of goods, killing production, say experts

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Experts Knock CBN On Interest Rate Hikes To Curb Inflation Economic experts are no longer at ease with the aggressive use of interest rate hikes...
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