Tag: CBN
Reps summon CBN Gov over cash withdrawal limits
The House of Representatives has summoned the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over the apex bank’s new policy on...
CBN limits withdrawal at PoS to N20,000
The Central Bank of Nigeria (CBN) has limited daily cash withdrawal at Point of Sale (PoS) terminals to N20,000.
The CBN also ordered banks to...
CBN limits cash withdrawals to N100,000 weekly
The Central Bank of Nigeria (CBN) has set N100,000 as the maximum limit for weekly cash withdrawal over the counter by individuals.
CBN also set...
CBN: We’re not introducing N5,000 note
The Central Bank of Nigeria (CBN) says it has no plan to introduce N5,000 denominated banknote.
Videos of some bundles of new N5,000 notes with...
CBN: Naira redesign’ll encourage financial inclusion, e-transactions
The naira redesign will encourage expanded financial inclusion and other forms of electronic transactions, the Central Bank of Nigeria (CBN) has said.
Ahmed Umar, the...
Naira redesign: No Nigerian’ll withdraw huge cash without prosecution — Emefiele
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says with the introduction of the redesigned naira notes, no individual or organisation...
Buhari: Why I approved redesign of naira notes
President Muhammadu Buhari has said the basis for his approval to the Central Bank of Nigeria (CBN) to redesign N200, N500, and N1000 banknotes...
PHOTOS: Buhari unveils redesigned naira notes
President Muhammadu Buhari has unveiled the redesigned naira notes.
Buhari unveiled the redesigned naira notes at the Presidential Villa in Abuja on Wednesday.
The unveiling of...
CBN hikes interest rates to 16.5%, holds other parameters
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the country’s Monetary Policy Rate (MPR) by 100 basis points...
Naira redesign: ACCI calls for deadline extension
The Abuja Chamber of Commerce and Industry (ACCI) has appealed to the Central Bank of Nigeria (CBN) to extend the deadline for the non-continuation...
