Tag: CBN
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CBN Proposes Ban on Street Trading, Considers New Guidelines for BDCs Amid Naira vs USD Fluctuations
As the Naira continues to fluctuate against the US dollar, the Central Bank of Nigeria (CBN) announces plans to implement fresh guidelines for Bureau De Change ... -
CBN Raises Price Verification System Limit to 15% to Combat Global Inflation
In a bid to address the challenges posed by global inflation, the Central Bank of Nigeria (CBN) has announced a significant adjustment to the Price Verification ... -
CBN Implements 24-Hour Sell-off Directive for Nigerian Banks’ Excess Dollar Holdings
In a decisive move to curb currency volatility, the Central Bank of Nigeria (CBN) has mandated Deposit Money Banks (DMBs) to promptly offload surplus foreign exchange ... -
CBN Takes Decisive Action: Releases $500 Million to Clear Verified Forex Backlog
In a resolute move aimed at resolving the lingering issue of verified foreign exchange transactions, the Central Bank of Nigeria (CBN) has announced the disbursement of ... -
CBN instructs banks to open Saturdays, Sundays
Central Bank of Nigeria has directed all commercial banks to open for operation on Saturdays and Sundays, as part of a coordinated effort to ease circulation ... -
CBN to flood banks with old Naira notes
The Central Bank of Nigeria (CBN) moved last night to end the biting cash scarcity. It plans to flood the banks with more old N1000 and ... -
Old Naira Notes: GTBank, Others Limit Cash Withdrawal To N10,000
The Central Bank of Nigeria (CBN) has fully complied with the Supreme Court ruling ordering it to restore old naira notes to circulation but Guaranty Trust ... -
Lagos to shut down banks rejecting deposits of old naira notes
Governor Babajide Sanwo-Olu has directed businesses in Lagos to collect the old naira notes or face sanction. Mr Sanwo-Olu, in a statement on Monday, directed residents ... -
No information on Supreme Court ruling, says CBN
For the second time since the Supreme Court ruled that the old N200, N500 and N1,000 notes will remain legal tender until December 31, the Central Bank ... -
Buhari, CBN destroying lives, livelihoods with badly implemented naira policy: NECA
The Nigeria Employers’ Consultative Association has condemned the CBN’s poorly implemented new naira banknotes policy sanctioned by President Muhammadu Buhari, declaring it is ruining lives and ...