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