News
BVN Does Not Expire, Remains Valid For Life – CBN
The Central Bank of Nigeria (CBN) has addressed misconceptions surrounding the Bank Verification Number (BVN). CBN clarified that…
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CBN
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News
CBN To Penalize Shipping Companies Exporting Undocumented Cargo
The Central Bank of Nigeria (CBN) has issued a stern warning to shipping companies that export…
Business
CBN Assures Public of Continuity of Newly Redesigned Currency Notes
The Central Bank of Nigeria (CBN) has recently dismissed rumors that it plans to phase…
News
Nigerian Diaspora Contributes $168bn in 8 Years – World Bank Report
According to a recent report by the World Bank, Nigerians living abroad have remitted a…
News
CBN and Bankers’ Committee Promote eNaira as Alternative to Cash Transactions
The Central Bank of Nigeria (CBN) in partnership with the Bankers’ Committee has launched a new…
News
Minister Ngige Defends Benefits of CBN’s Naira Redesign Policy Despite Challenges
Minister of Labour and Employment, Chris Ngige, has defended the naira redesign policy of the Central…
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Economy
Nigerian Banks Alleviate Cash Crisis with Increased Payouts to Customers
Banks have recently increased cash payouts to their customers, resulting in a significant reduction in the long queues…
News
CBN Disburses N12.65bn on Anchor Borrowers Programme Since January 2023
In recent news, Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has revealed that the apex…
Economy
Nigeria’s Cash Shortages Expected to Ease as Banks Comply with CBN Directives
According to recent reports, Nigeria’s cash shortages that have persisted for three months are expected to subside this…
Economy
NLC Urges Workers to Report Banks Amid Cash Scarcity, Plans Nationwide Strike
The Nigeria Labour Congress (NLC) has urged workers to report banks that are not dispensing cash to its…
Business
CBN Instructs Banks To Open Weekends
Central Bank of Nigeria has directed all commercial banks to open for operation on Saturdays and Sundays, as…
Economy
NLC to Shut Down Central Bank of Nigeria over Cash Shortage
In a press briefing held in Abuja, the President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero,…
News
Emefiele Apologises For Online Transactions Failure
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has apologized to the citizens of Nigeria…
Business
CBN Data Shows Decline in Banks’ Borrowings from SLF and Rise in Deposits in SDF
According to recent data from the Central Bank of Nigeria (CBN), banks’ borrowings from the Standing Lending Facility…
News
CBN’s Compliance With Supreme Court Order Victory For Nigerians – Matawalle
The Governor of Zamfara State, Bello Matawalle, says the Central Bank of Nigeria (CBN)’s compliance with the Supreme…