Tag : CBN
CBN Justifies Change of Old Naira Notes, Says Deadline Untouchable
The Central Bank of Nigeria has stated that the deadline for the old 200, 500, and 1,000 naira notes to stop being legal tender in...
CBN Increase MPR to 17.5% to Control Inflation
In an effort to control inflation, the Central Bank of Nigeria (CBN) increased the Monetary Policy Rate to 17.5 per cent. The Governor of CBN,...
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Why CBN New Naira Notes Policy Will Fail
BY DAYO ADESULU Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele has introduced newly designed N200, N500 and N1000 notes with the...
CBN Grants MTN, Airtel Approval To Operate Banking Bussiness
The Central Bank of Nigeria (CBN), has granted the two leading communication giants, MTN Nigeria and Airtel the approval-in-principle to commence banking business in the...
CBN Reveals Security Features of eNaira
BY QUADRI SALIU The Director of Corporate Communications of the Central Bank of Nigeria, Mr Osita Nwanisobi, has defended the criticism from Nigerians questioning the...
How Nigeria Can Make $29b From eNaira In 10 Years – Buhari
Nigeria President Muhammadu Buhari has expressed optimism over the country’s digital currency launched on Monday, stating that the eNaira driven by blockchain technology can increase...
33 Nigerian Banks Join eNaira Platform Immediately
No fewer than 33 Nigerian banks have immediately joined the launched eNaira Monday by the Governor of the Central Bank of Nigeria, Godwin Emefiele. Emefiele...
Naira Depreciation To 580/1$ Is Handiwork of APC & CBN Governor – PDP
BY CHUKWUMA NNAM As Nigeria currency depreciates to 580/1$, the major opposition party of the country, the Peoples Democratic Party (PDP) on Sunday heaped the...