Tag: Central Bank of Nigeria

No Going Back On Withdrawal Limits, Emefiele Replies NASS

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that the new naira notes have already been disbursed to the various commercial banks and expect that…

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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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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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Naira redesign: 85% of currency in circulation outside banking system – Emefiele

GOVERNOR of the Central Bank of Nigeria (CBN) Godwin Emefiele has revealed that 85 per cent of the currency in circulation in Nigeria was outside the banking system.  Emefiele spoke on Friday, November…

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Why I approved redesign of naira notes ~President Buhari

President Muhammadu Buhari on Wednesday in Abuja launched the new Naira banknotes, expressing delight that the redesigned currencies are locally produced by the Nigerian Security Printing and Minting (NSPM) PLC.…

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CBN launches countdown clock showing days left till new naira notes

The Central Bank of Nigeria (CBN) has launched a countdown clock showing when the old naira would stop being a legal tender.  The countdown clock is visible on the home page of…

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Senate Backs CBN On Naira Redesign

The Senate says it will provide legislative support to the Central Bank of Nigeria, CBN, for the redesign of the N1,000, N500 and N200 naira notes. The Senate made the…

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EFCC Boss Says Redesign Will Force Out Hidden Funds

The Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, has stated that the decision to redesign the naira is aimed at forcing out hidden public funds. The…

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Yield on Nigerian Treasury Bills Reverses Uptrend

The average yield on Nigerian Treasury bills, NTB, backed down after climbing 11% as holders’ intensified bullish momentum amidst robust liquidity in the financial system. Uncertainties in the Nigerian macroeconomic…

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PenCom Says highest paid official earns less than ₦1m monthly

Following the false and misleading information on the compensation package of the National Pension Commission (PenCom) being circulated in the traditional and social media, it has become necessary to set…

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