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Tag: #CBN

Business Economy headline

CBN warns Nigerians on circulation of counterfeit Naira notes

Iheanyi Ejiofor December 8, 2023 No Comments #CBN#counterfeits#Fake Naira #Fakebanknotes

Our reporter/ As Nigerians grapple with the challenges of currency shortage, the Central Bank of Nigeria has warned Nigerians against counterfeit Naira banknotes. In a statement on Friday, the apex…

Read More CBN warns Nigerians on circulation of counterfeit Naira notes
Business Economy headline

CBN to freeze bank accounts without BVN, NIN starting April 2024

Iheanyi Ejiofor December 2, 2023 No Comments #BVN#CBN#NIN

Our reporter/ The Central Bank of Nigeria (CBN) on Friday said it will freeze accounts without a Bank Verification Number (BVN) or National Identification Number (NIN) from April 2024. This…

Read More CBN to freeze bank accounts without BVN, NIN starting April 2024
Business Economy headline

CBN to increase capital base of Banks to meet $1 trillion economy

Iheanyi Ejiofor November 25, 2023 No Comments #Bank recapitalisation#Cardoso#CBN

Our reporter/ The Central Bank of Nigeria (CBN) on Friday revealed plans to increase the capital base of banks in the country. CBN governor, Olayemi Cardoso who made the disclosure…

Read More CBN to increase capital base of Banks to meet $1 trillion economy
Business Economy headline

Old Naira notes remain legal tender indefinitely – CBN 

Iheanyi Ejiofor November 15, 2023 No Comments #CBN#old naira notes

Our reporter/ The Central Bank of Nigeria (CBN) on Tuesday said the old N200, N500, and N1,000 notes are to remain legal tender indefinitely. The apex bank in a statement…

Read More Old Naira notes remain legal tender indefinitely – CBN 
Business Economy headline

CBN warns against panic withdrawals, says old notes remains legal tender

Iheanyi Ejiofor November 9, 2023 No Comments #CBN#legal tender#panic withdrawals

The Central Bank of Nigeria (CBN) has again assured Nigerians of sufficient naira notes in the country, and warned against panic withdrawals. The apex bank, in a statement on Wednesday,…

Read More CBN warns against panic withdrawals, says old notes remains legal tender

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