Kwara Residents Sceptical About Old Naira Notes, Banks Comply With Directives
Some residents of Ilorin, the Kwara State capital, are still sceptical about enforcement of the supreme court’s judgement on the
Read More
Banking/Finance
Naira Transactions: Avoid PoS Terminals – CBN Issues Directive
The Central Bank of Nigeria (CBN) has restricted agents from using Point of Sale (PoS) terminals meant for merchants to
Read MoreCBN Speaks, Says Old Naira Notes Remain Legal Tender Till December 31
The Central Bank of Nigeria (CBN) has finally bulged following the Supreme Court ruling on validity of old N200, N500
Read MoreScarcity of cash: CBN unveils eNaira enhanced services for unbanked, underserved
The Central Bank of Nigeria (CBN) in collaboration with ChamsMobile Ltd. and Super Agents have developed the eNaira enhanced services
Read MoreBANKS RUN OUT OF NEW NAIRA, DEMAND SOARS
• Cashiers ration new notes, lenders allot N100,000 per teller in banks •Suspicious customers snub new notes as local traders
Read MoreCBN begins distribution of new naira notes to banks
The Central Bank of Nigeria (CBN) has commenced distribution of the redesigned Naira notes to Deposit Money Banks across the
Read MoreNew Naira Notes: Senate Pledges Support As Lawmakers Disagree On Deadline
Nigerian lawmakers have called on the country’s monetary authorities to extend the deadline for residents to change their old naira
Read MoreCBN, AMCON Sell Polaris Bank To SCIL At N50bn
The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have formally announced the completion of
Read MoreNDIC to liquidate 42 microfinance banks
The Nigeria Deposit Insurance Corporation (NDIC) has begun to liquidate 42 microfinance banks (MFBs) across the country. The liquidation exercise followed the
Read MoreBuhari to CBN: Don’t give Kobo for food, fertilizer imports
By Ismaila Chafe Abuja – President Muhammadu Buhari on Thursday ordered the Central Bank of Nigeria ”not to issue a
Read More