The Central Bank of Nigeria, CBN has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the…
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Tag: #CBN
CBN increases interest rate to 18%
Central Bank of Nigeria’s Monetary Policy Committee on Tuesday voted to increase the benchmark interest rate by 50 basis points to 18. percent. CBN Governor, Godwin Emefiele, who made the…
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Despite ‘sufferings’, Nigerians support CBN’s cashless policy – Presidency
Our reporter| Nigerians may bear the brunt of the sufferings occasioned by the naira redesign policy of the Central Bank of Nigeria (CBN) but they have embraced it, the Presidency…
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CBN denies news of ‘fresh plot’ against Tinubu, says report ‘fake and malicious’
Our reporter| The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, on Monday, denied reports that he was plotting against the President-Elect, Bola Tinubu. In the build-up to the February…
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Naira redesign: CBN says old, new notes are now legal tender
Our reporter| Both old and new notes are now legal tender, the Central Bank of Nigeria on Tuesday said on Tuesday. The Acting Director of Corporate Communications CBN, Dr. Isa…
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