Mr Suleiman Lawal, a Lecturer at the Economics Department, Umaru Musa Yar’adua University, Katsina (UMYU), said the Naira notes redesign policy would assist in curbing inflation in the country. Lawal made the assertion in an interview with the News Agency of Nigeria (NAN) on Monday in Katsina. It would...
Godwin Emefiele
Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN) on Friday said the steady increase in headline inflation from 15.60 per cent in January to 20.77 per cent in September was consistent with global trends. Emefiele said this at the 57th Annual Bankers Dinner, organised by the Chartered institute...
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says with the introduction of the redesigned Naira notes, no individual or organisation will be allowed to withdraw huge cash without being interrogated from relevant anti-corruption agencies. Emefiele stated this when he fielded questions from State House correspondents on...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said the apex bank will henceforth take cashless policy seriously, noting that people will fill countless forms and provide their data before they can withdraw large amounts. He stated these on Wednesday while fielding questions from State...
President Muhammadu Buhari has unveiled the redesigned naira notes of N200, N500 and N1000 at the Council Chamber of the Presidential Villa Abuja on Wednesday. The News Agency of Nigeria (NAN) reports the unveiling of the naira notes preceded the virtual meeting of the Federal Executive Council (FEC) with...
The Central Bank of Nigeria (CBN), Abuja Headquarters Football Club have emerged winner of the 41st edition of the CBN Governor’s Cup competition in Uyo. The final match of the tournament, which was played on Saturday at the Godswill Akpabio International Stadium in Uyo, saw CBN Abuja FC beating...
The Central Bank of Nigeria (CBN) has instructed commercial banks in the country to work on Saturdays till Jan. 31, 2023, to enable bank customers return old naira notes for new ones. Mr Osita Nwasinobi, the Director, Corporate Communications Department of the apex bank, stated this at the CBN...
The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, on Friday, criticised the planned redesign of the N200, N500, and N1,000 banknotes by the Central Bank of Nigeria (CBN). The revered cleric expressed displeasure that the Federal Government is concerned with the redesigning of...
Edo State Governor, Godwin Obaseki has faulted the move to redesign the naira, claiming it has no economic basis and purely political plan. Governor Obaseki said this while inaugurating the Edo State Peoples Democratic Party (PDP) Women Campaign Council at the Presidential Campaign Secretariat in Benin City, the Edo State...
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele says eNaira has recorded 700,000 transactions valued at N8 billion, since its inauguration on Oct. 25, 2021. Emefiele said this on Wednesday in Abuja, at the 28th edition of the apex bank’s annual In-house Executive Seminar with...
By DAVID IORJA, Abuja – President Muhammadu Buhari on Sunday said that the decision of the Central Bank of Nigeria (CBN) to launch new designs and replace high value Naira notes had his support and is convinced that the nation will gain a lot by doing so. The President...
The Central Bank of Nigeria (CBN) says it followed due process in its decision to redesign some denominations of the naira, adding that the exercise was 12 years overdue. The apex bank made this known via its verified twitter account on Saturday, urging Nigerians to support the measure as...
The former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has commended the apex bank on the proposed redesigning of the Naira. Moghalu, a Nigerian Political Economist who gave the commendation in a statement on Saturday in Lagos, advocated a 90-day window for implementation. He...
The Economic and Financial Crimes Commission (EFCC) has applauded the move by the Central Bank of Nigeria (CBN) to redesign and reissue higher denominations of the Nigerian currency, the naira. The CBN Governor, Godwin Emefiele, on Wednesday announced that the apex bank had obtained the approval of the Federal...
By CALLISTUS OFFOR, Abuja – The Central Bank of Nigeria (CBN) has unveiled a programme of events to commemorate the first anniversary of the launch of Africa’s First Central Bank Digital Currency (CBDC) tagged the “eNaira”, which was formally launched by President Muhammadu Buhari at the State House, Aso...
The Central Bank of Nigeria (CBN) and the has announced the sale of Polaris Bank to a new core investor, Strategic Capital Investment Ltd. (SCIL). A statement signed by Mr Osita Nwanisobi, Director, Corporate Communications and posted on CBN website on Thursday, said the sale was concluded after a...
An economist, Prof. Evans Osabuohien says the increase of Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) Central Bank of Nigeria (CBN) will further put pressure on already pressured private sector. Osabuohien made this known in an interview with the News Agency of Nigeria (NAN) in Ota,...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) from 14 per cent to 15.5 per cent on Tuesday to tame inflation. The committee had increased the MPR by a total of 250 basis points at its last two...
The National Assembly has summoned the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele to appear before it on Thursday on the state of the award of scanners that had been adjudged not functional.n The Comptroller- General...