The Central Bank of Nigeria (CBN) says all denominations of Naira banknotes currently in circulation remain indefinitely valid as legal tender and cannot expire or be phased out.

By ARIZE NWOBU  THE vision of the Central Bank of Nigeria, CBN, is to be the most efficient and effective of the world’s central banks in promoting and sustaining economic development.  And the mission is to be proactive in providing suitable framework for the economic development of Nigeria through the effective, efficient and transparent implementation of […]

Commercial banks operating in Nasarawa State have reduced their daily over-the-counter cash withdrawal limit to N10, 000.

The Central Bank of Nigeria (CBN) has dismissed claims of forced mass retirements, clarifying that its Early Exit Package (EEP) was entirely voluntary and without any negative repercussions for eligible staff.

The House of Representatives, Tuesday, resolved to investigate the retirement of no fewer than 1,000 staff of the Central Bank of Nigeria, CBN, and the associated N50billion Payoff Scheme.

The Central Bank of Nigeria (CBN) will launch its newly redesigned website (www.cbn.gov.ng) today.

“You want to be part of the solution. You want to be part of the solution, and this is time that we need all hands on them”

The SDF will now be remunerated on a single tier basis which is currently the Monetary Policy Rate (MPR) minus 100 basis points

The Central Bank of Nigeria and the First Bank of Nigeria have pushed for a greater collaboration between Nigerian banks and their Chinese counterparts in view of the deepening trade and businesses between China and Nigeria, as well as, other countries in the African region.

CBN has raised the monetary policy rate, which measures the benchmark interest rate, to 27.40%