CBN Archives - Page 8 of 50

Old Naira Notes Still Legal Tender —Bayelsa Govt

March 11, 2023 0

Bayelsa State government has said it understands the pains of residents of the state following the implementation of the Central Bank of Nigeria (CBN) naira redesign policy and the Supreme Court ruling on the old N200, N500 and N1000 currency notes.

CBN Says Loan Repayment Under ABP Stands At 52.39%

March 6, 2023 0

The Central Bank of Nigeria (CBN) says it remains committed to its developmental mandate of stimulating access to finance for the real sector, disclosing that total repayments as of the end of February 2023 under the Anchor Borrowers’ Programme (ABP) stood at N0.503 trillion, representing 52.39 per cent, adding that the balance of N0.119 trillion was not due for repayment.

Supreme Court Verdict: HEDA Tasks CBN, EFCC On Illicit Funds, Vote Buying

March 5, 2023 0

A non governmental organisation, the Human and Environmental Development Agenda (HEDA Resource Centre), has asked the CBN and the EFCC to clampdown on illicit funds transactions ahead of the gubernatorial and House of Assembly elections.

Just In: CBN Names Isa Abdulmumin As New Spokesperson

February 24, 2023 0

The Central Bank of Nigeria (CBN) has appointed Isa Abdulmumin as the Acting Director of Corporate Communications Department of the apex bank.

CBN Sticks To Presidential Directive To Reissue Only 200 Naira Old Banknotes

February 21, 2023 0

The Central Bank of Nigeria (CBN), said it's attention has been drawn to a fake press release, which state that the apex bank has directed the reissue of N200, N500 and N1000 denomination.

CBN Debunks Ordering Banks To Collect Old N1,000, N500 Notes As Lagos Boils

February 17, 2023 0

The Apex bank, the Central Bank of Nigeria (CBN) has debunked an earlier report on Friday that it has ordered banks to start collecting the old N1,000 and N500 notes from the public with immediate effect. The earlier report also said, the CBN has pegged the maximum amount banks can collect at N500,000 only. A source from the bank aw …

Group Says CBN’s Demonetisation Policy Will Stabilise Economy

February 14, 2023 0

The Leadership Orientation and Basic Rights Advocacy Centre (LOBRAC), a civil society, said the currency redesign policy by the Central Bank of Nigeria (CBN), would stabilise the nation's economy.

CBN Debunks False Claims About Capacity Of NSPMC Plc, Alleged Threats To Close Some Deposit Money Banks

February 11, 2023 0

The Central Bank of Nigeria (CBN) said its attention has been drawn to a misleading report misquoting the Governor, Mr. Godwin Emefiele, as attributing the current challenge in the distribution of the newly redesigned naira banknotes to a shortage of printing materials at the Nigerian Security Printing and Minting Company Plc.

Old Naira: Supreme Court Suspends CBN’s Feb10 Deadline

February 8, 2023 0

The Supreme Court, Wednesday, restrained the Federal Government from enforcing the February 10 deadline for the use of N200, N500 and N1000 old Naira notes.

Court Stops CBN, Buhari From Shifting Naira Deadline

February 6, 2023 0

Justice Eleoje Enenche of a High Court at the Federal Capital Territory in Abuja on Monday restrained the Federal Government and 27 listed commercial banks from suspending, stopping, extending or interfering with the currency redesignation terminal date of February 10 or issuing any directive contrary to the date.