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Nigerians react to CBN’s deadline extention

Mixed reactions  have trailed the Central Bank of Nigeria (CBN)  extension of the deadline for collection of old naira notes by 10 days. Some Nigerians...

CBN, NIBSS launch ‘AfriGo’, Nigeria’s first National Domestic Card Scheme

The Central Bank of Nigeria (CBN) says it has collaborated with the Nigerian Inter-Bank Settlement Systems (NIBSS) to launch the National Domestic Card Scheme,...

CBN denies new naira notes scarcity

The Central Bank of Nigeria (CBN) has denied scarcity of the new naira notes as alleged by some Nigerians. The CBN Governor, Godwin Emefiele, represented...

Bank customers bemoan scarcity of new Naira notes at ATMs, POS

Bank customers in Benin, have decried scarcity of the new Naira notes at Atomated Teller Machines (ATMs) as well as Point of Sales (POS). According...

Experts warn millions may lose their money as CBN rejects extending deadline

Economic experts have said Nigerians would lose their hard-earned money over the Central Bank of Nigeria’s refusal to extend the January 31 deadline for...

CBN hikes interest rate to 17.5%

The Monetary Policy Committee of the Central Bank of Nigeria, CBN, has unanimously voted to increase the benchmark interest rate by 100 basis points...

POS operators reject old naira notes in Bauchi 

Less than seven days to the deadline of the redesigned naira by the Central Bank of Nigeria (CBN), some Point-of-Sale (POS) operators in Bauchi...

Redesigned notes: CBN sensitises Muslim faithful in Lagos

The Central Bank of Nigeria (CBN) on Friday took its awareness campaign of the newly redesigned notes (N1,000, N500, N200) to the Lagos Central...

Support implementation of transformational payments, financial industry initiatives, CBN urges NASS

The Central Bank of Nigeria (CBN) has urged the National Assembly to support its implementation of transformational payments and financial industry initiatives in line...

CBN makes U-turn, reviews cash withdrawal policy to N500,000 for individuals, N5m for corporates

THE Central Bank Of Nigeria (CBN) has reviewed its policy on cashless policy, fixing the maximum weekly limit for cash with- drawal across all channels by...

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