By Inusa Ndahi, Maiduguri THE Vice President of the federal republic of Nigeria, Senator Kashim Shettima has lampooned those opposing the federal government’s decision over some Departments and units of the Central Bank of Nigeria (CBN) and Federal Airport Authority…
THE Edo State Government has distanced itself from the comments and moves by the governor of Kaduna State, Mallam Nasir El-Rufai, and some other State governors against the currency swap policy of the Central Bank of Nigeria (CBN). In a…
Following the directive of the Central Bank of Nigeria for the swapping of old naira notes to new notes, Nigerians have begun to lament the challenges involved in the process despite the extension to February 10, 2023. Checks by The…
BANKING halls across various commercial banks in Lagos, Osun, Ekiti, and other parts of the country witnessed minimal activity as frustrated customers resorted to alternative means of cash withdrawal following the scarcity of naira notes in the banks. Checks by…
THE maximum lending rate in the banking sector hit 29.13 per cent while savings deposit rates was 4.13 per cent as of the end of December 2022. Figures obtained from the Central Bank of Nigeria on money market indicators revealed…
THE Central Bank of Nigeria has excluded mobile money/Point of Sales agents in Abuja and Lagos from its newly launched cash swap programme, The PUNCH has learnt. The development came as the January 31 deadline for the phasing out of the…
BUSINESS activities were temporarily slowed down at the Jalingo main market on Saturday as the Central Bank of Nigeria (CBN) took its enlightenment campaign to the traders to enlighten the people on the importance of depositing their old Naira notes…
THE Central Bank of Nigeria 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,…
THE Central Bank of Nigeria injected $15.3bn into the economy to stabilise the value of the naira from January to October, 2022. This was obtained in the banking sector regulator’s monthly and quarterly economic reports on foreign exchange market developments.…
THE Central Bank of Nigeria may be under pressure to extend the deadline for old naira notes to cease being legal tender as bankers and customers push for the extension. The old notes are expected to be out of circulation…
