Cash Scarcity Hits Kaduna, Kano, and Katsina Ahead of Christmas Festivities
By MOHAMMED DANBABA Residents in Kaduna, Kano, and Katsina States are grappling with an acute cash shortage just weeks before Christmas and New Year celebrations....
Tag : CBN
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CBN Announces New Forex Trading Guidelines: Minimum Trade Amount Set at $100,000
By DAYO ADESULU Key Reforms to Strengthen Nigeria’s Forex Market In a significant move to enhance the efficiency and transparency of Nigeria’s foreign exchange market,...
CBN Warns Nigerians Against Fraudulent Claims of Contract Awards and Financial Interventions
Fraudsters Target Nigerians with Fake Contract Award Letters The Central Bank of Nigeria (CBN) has cautioned the public against falling victim to fraudsters claiming to...
Nigeria Launches Foreign Currency Disclosure Scheme to Enhance Economic Resilience
By DAYO ADESULU New Initiative Aims to Integrate Foreign Currency Assets into the Formal Economy and Promote Financial Transparency The Federal Government of Nigeria has...
House of Representatives Urges CBN to Withdraw Old Currency Notes Ahead of Deadline
By MUHAMMED DANBABA Call for Increased Public Awareness and Smooth Transition The **House of Representatives** has urged the **Central Bank of Nigeria (CBN)** to initiate...
Emefiele Out, Adebisi Shonubi In, as Acting CBN Governor – Tinubu
Following Emefiele’s suspension, President Bola Tinubu named Mr. Folashodun Adebisi Shonubi as the acting governor of the Central Bank of Nigeria. He served as the...
BVN Does Not Expire, Says CBN
According to the Central Bank of Nigeria (CBN), the Bank Verification Number (BVN) provided by the bank in partnership with the Nigeria Inter-Bank Settlement System...
Buhari To Extend Use Of Old Naira Notes By 60 Days Over Legal Repercussions
To avoid defying the Supreme Court of Nigeria’s mandate that the old N1,000, N500, and N200 notes continue to be legal tender until the court...