Tag: CBN Act
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Tinubu narrates nasty experience during naira scarcity as relative says”my wealthy uncle does not have N10K cash”
Nigeria’s President, Bola Ahmed Tinubu, has recounted his nasty encounter with his close relative who narrated how their wealthy uncle ran short of cash during the naira scarcity in 2023. Recounting the experience at a special Iftar held in his honour at the Presidential Villa on Saturday night, Tinubu said the odds were against him…
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Bill to amend CBN Act scales second reading in Senate
The Senate at plenary on Tuesday passed for second reading, a bill for an act to amend the Central Bank of Nigeria(CBN)Act 2007. The bill was sponsored by 41 members of the Committee on Banking, Insurance, and other Financial Institutions.
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Nigerians need to handle the new naira notes with dignity or face wrath of law- CBN
The Central Bank of Nigeria, CBN, has issued a stern warning to those mishandling the currency, saying Nigerians need to handle the new naira notes with dignity.” Speaking at a sensitization, enlightenment and bank fair programme held in Osogbo, Osun state on Thursday, ahead of the introduction of the redesign notes, the CBN’s Director of…
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Senate passes bill to amend CBN Act for 2nd reading
The Senate on Tuesday at plenary, passed for second reading, a bill to amend the Central Bank of Nigeria (CBN) Act. Leading debate on the general principles of the bill, its sponsor, Sen. Sadiq Umar (APC-Kwara), said the bill was to enable the appointment of a person other than the Governor as Chairman of the…