Redesign of Naira long overdue – CBN

Withdrawal Limit: Senate urges CBN to extend policy to June 30th, 2023

The Central Bank of Nigeria, CBN, has raised its weekly cash withdrawal limits set for individuals and corporate organisations to N500,000 and N5 million, respectively.

—Says APC ‘ll get more votes for Tinubu in 2023 By Johnbosco Agbakwuru, Abuja Governor Aminu Masari of Katsina state, Saturday said that majority of governors are in support of the new policy on cash withdrawal limit introduced by the Central Bank of Nigeria (CBN). Governor said that the policy is good and will bolster […]

By Elizabeth Adegbesan & Providence Ayanfeoluwa Mobile money operators and the organised banks’ customers have expressed their opposition to the new Central Bank of Nigeria, CBN, regulations on withdrawals, saying the Bank wants to send them out of business. The apex bank had restricted cash withdrawals from over-the-counter, Automated Teller Machines (ATMs) to N100,000 and […]

By Johnbosco Agbakwuru, Abuja President Muhammadu Buhari on Wednesday unveiled the new naira notes of N200, N500 and N1,000 at the Council Chamber, Presidential Villa, Abuja. The unveiling of the new notes took place before the weekly Federal Executive Council, FEC, meeting, presided over by President Buhari. Read also: Naira redesign: Squeeze, spray notes, face […]

The first phase of the Central Bank of Nigeria-led rehabilitation of the National Arts Theatre, Iganmu, Lagos, has been completed and is set to host the United Nations World Tourism Organisation and Federal Government of Nigeria conference on “Linking tourism, culture, and the creative industries: Pathways to recovery and inclusive development,” between November 14 and 16, […]

By ARIZE NWOBU  Crisis is a time when difficult or important decisions must be made. And that is what the Central Bank of Nigeria, CBN, did recently in the effort to manage the foreign exchange, forex, challenge. CBN had noted that it would stop the sale of forex to banks by the end of the year. […]

CBN makes strong case for economic diversification

By Emma Ujah, Abuja Bureau Chief  The Central Bank of Nigeria (CBN) did not direct Deposit Money Banks to  seize fund in Community Associations’ Savings Accounts.  There has been apprehension among members of Community Development Associations,  Cooperative Societies and Social Clubs over reports that accounts held by such organisations which were not properly registered with […]