Tag: Central Bank of Nigeria
JUST IN: CBN Increases Interest Rate
The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark lending rate to 27.65 per cent. The hike in the Monetary Policy Rate was...
MUST READ: EFCC Replies Over Emefiele’s Request For Overseas Medical Trip
The Economic and Financial Crimes Commission, has opposed an application by former Governor of the Central Bank of Nigeria, Godwin Emefiele, for the release of his...
CBN To Remove Tier-1 Bank Accounts Not Linked To BVN
Central Bank of Nigeria (CBN) has planned to remove accounts not linked to the Bank Verification System (BVN) from the financial system. The objective is to clean up the...
NLC Announces New Date To Embark On NationWide Strike
The Nigeria Labour Congress, NLC, has announced its new date to embark on strike over the cash scarcity that ravaged in the country for weeks. Daily News Bullentin...
CBN Approves Only 17 Companies As POS Operators In Nigeria, Bars Commercial Banks
The Central Bank of Nigeria has released the names of licensed mobile money operators in Nigeria. The mobile money operators are empowered to operate PoS Services in the...
Cash Scarcity: End Of POS Terminals In Nigeria, CBN Bars Agents
The Central Bank of Nigeria (CBN) has barred agents from using Point of Sale (PoS) terminals meant for merchants to carry out cash-in and cash-out transactions. The...
CBN Finally Bows, Approves Old Naira Notes Till Dec. 31st
The Central Bank Of Nigeria, CBN, on Monday night has finally bowed to Supreme Court Order to extend the deadline for N200, N500 and N1000 old naira notes till December...
JUST IN: CBN Opens Up Over Alleged Approval Of Old Naira Notes
The Central Bank of Nigeria has cleared the air on directing commercial banks to dispense and accept the deposit of old Naira notes amid the raging currency crisis. Dr...
Finally, CBN Speaks On Old Naira Notes (Read Full Story)
Following the new directive of Supreme Court, the Central Bank of Nigeria (CBN) spokesman, Isa Abdulmumin, has said that both the old and new naira notes are now legal...