Tag: central bank of nigeria
-
SANCTION: CBN frowns at banks hoarding new naira notes
The Central Bank of Nigeria, CBN, has vowed to sanction any commercial bank found hoarding the new naira notes, saying it had produced enough for distribution to all the banks across the country. The CBN Kano Branch Controller, Alhaji Umar Biu, made the remark during a sensitization programme on the new naira notes organised for…
-
Truck load full of rotten N1,000 notes found in North (VIDEO)
A broken down truck loaded with N1,000 notes has been spotted on social media and alleged to have emanated from North as people seen speak Hausa. TheNewsGuru.com (TNG) reports that the truck is the third loaded with naira notes from a state in the North looking for where to offload them. The development comes as…
-
Naira Redesign: CBN discloses where new notes will be printed
The Central Bank of Nigeria has noted that there is no plan to print the redesigned naira notes outside the country. This was made known by the Central Bank of Nigeria (CBN) Board member on Thursday in Abuja. According to CBN Governor, Godwin Emefiele, the N1000, N500 and N200 will be redesigned as part of…
-
BREAKING: Central Bank of Nigeria to redesign Naira notes
The Central Bank of Nigeria (CBN) has disclosed plans to redesign some Naira notes. TheNewsGuru.com (TNG) reports CBN Governor, Godwin Emefiele disclosed this at a special press briefing in Abuja on Wednesday.
-
Nigeria records N524.25bn fiscal deficit in one month
Federal Government of Nigeria has recorded N524.25 billion fiscal deficit in the month of May, just as it recorded N643.09 billion in April 2022. The detail was contained in the Central Bank of Nigeria’s monthly economic report on fiscal sector development for the country. “The disproportionate reduction in expenditure and revenue outcomes resulted in a…
-
CBN evolves guidelines to increase financial services
Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has developed the digital financial services awareness guidelines. This, the bank said, is to address gaps in consumer knowledge and practices with Digital Financial Services. This is contained in a report it released on Friday titled ‘Digital financial services awareness guidelines.’ The bank noted that “DFS…
-
CBN Gov. Godwin Emefiele withdraws suit against INEC, Malami
Central Bank of Nigeria (CBN) Godwin Emefiele, has withdrawn the suit he filed against the independent National Electoral Commission (INEC) and the Attorney-General of the Federation over his presidential ambition Emefiele, through his counsel, S.T. Maliki, told Justice Ahmed Mohammed that a notice of discontinuance had been filed and served on the defendants in the…
-
CBN warns DMBs from bringing “composed banknotes ” as part of deposits with the apex bank
Henceforth, composed banknotes discovered in the deposit of DMBs shall attract a penalty of 400 per cent of the value
-
Court strikes out suit challenging CBN’s cashless policy over lack of proof
Justice Akintayo Aluko struck out the suit on the grounds of incompetence
-
CBN raises FOREX market with $210m
The Central Bank of Nigeria (CBN), on Wednesday, injected 210 million dollars into the Inter-bank Foreign Exchange Market in continuation of its efforts to sustain liquidity in the market. The acting Director, Corporate Communications, CBN, Mr Isaac Okorafor in a statement said the apex bank offered 100 million dollars to authorised dealers in the wholesale…