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Tag: CBN
Why Nigerian traders are rejecting new naira notes
Some traders have given reasons for rejecting the new naira notes six days after they went into circulation. Among the reasons given by the traders is the fear of counterfeits,…
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Why politicians are against cashless policy of CBN – CNPP, CSOs
Conference of Nigeria Political Parties (CNPP) and civil society organisations (CSOs) under the aegis of Coalition of National Civil Society Organisations (CNCSOs) have given insights into the reasons political office…
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The CBN must fix eNaira’s image problem
The Central Bank of Nigeria‘s digital currency, the eNaira, which was introduced a year ago as the first digital currency in Africa, has not received the positive response anticipated from its Crypto-savvy…
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CBN’s new policy will lead to more job losses, disorganize businesses
A lecturer at the Department of Economics, Ahmadu Bello University, Zaria, Professor Ishaq Modibo, has kicked against the new cash withdrawal policy imposed by the Central Bank of Nigeria. DAILYPOST…
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Summary Of CBN Revised Cash Withdrawal Limit
The Central Bank of Nigeria (CBN) in line with its cashless policy, on Tuesday placed withdrawal limits on monies in the bank accounts of both individual and corporate bodies. This…
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MPR Hike And The Implication For The Real Sector
On Tuesday, the 22nd of November 2022, the Central Bank of Nigeria through its Monetary Policy Committee for the umpteenth time raised the Monetary Policy Rate (MPR). The CBN believes…
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Sovereign Debt Overweight: Issues For Consideration
Sovereign Debt, also known as Public Debt, is one of the major ways by which Governments finance investments, projects and other activities tailored towards growth and development in their various…
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CBN blames limited time for ‘simple’ design of new naira notes
THE Central Bank of Nigeria (CBN) has explained that limited time to tackle the problems of counterfeiting and hoarding of currency was the reason for the simple appearance of the…
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CBN tells Nigerians in diaspora: We will not wait for you to bring your naira
The Central Bank of Nigeria (CBN) has informed Nigerians in the diaspora that it will not wait for them to return their old N200, N500, and N1000 banknotes. The CBN Governor Godwin…
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As MPC round ups rate-setting meetings, analysts see possible MPR hike
Today, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will conclude its final meeting for 2022. At the meeting, critical considerations will include the rising global…
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