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Despite Senate Opposition, CBN Vows To Continue With Cash Limit Policy

The Central Bank of Nigeria has vowed to continue with the new cash limit policy despite opposition of the policy by the Nigerian Senate.The CBN...

How CBN is distributing new naira notes as December 15 deadline nears

The Central Bank of Nigeria has said that it has begun the distribution of new naira notes to banks in the countryCBN governor, Godwin...

NIPC Backs New CBN Withdrawal Limit Says Policy Will Not Affect Investments

The Nigerian Investment Promotion Commission (NIPC) has expressed support for the recent policy by the Central Bank of Nigeria (CBN) to limit cash withdrawals.The...

Lawmakers blow hot, gives fresh directive to CBN governor

House of Representatives has ordered the CBN to suspend its directives to banks to limit cash withdrawals to N100,000 for individuals and N500,000 for...

EXPLAINER: How CBN’s cash withdrawal policy will see Nigerians help govt repay its huge N42trn debt. ⁩

On Tuesday, 6 December 2022, the Central Bank of Nigeria (CBN) announced fresh cash withdrawal limits on individuals and organisations.The policy will become effective...

Why Senate threatens to arrest Emefiele, others over N500 billion fund

A Senate Committee has threatened to arrest the CBN governor, Godwin Emefiele, over the disbursement of N500 billion fundThe committee said the refusal of...

Nigerian banks operating Saturday banking, closing by 6 pm, see First Bank to do so

Nigerian banks have started Saturday banking and announced an extension of banking hoursThe banks follow Fidelity Bank, the only bank so far operating on...

Emefiele projects economic prosperity for Nigerians in 2023

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has projected better days ahead for Nigerians.According to him, the persistent inflation rate, which...

NEW NAIRA NOTES: CBN still waiting for N2.56trn outside banks

The Central Bank of Nigeria (CBN) has revealed that it is still expecting N2.56 trillion out of the N2.73 trillion outside banks’ vaults as...

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