News as it breaks
The House of Representatives has summoned the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, to appear before it and address rising concerns over arbitrary and excessive charges imposed on customers by commercial banks across the country. This decision followed the adoption of a motion moved by Hon.…
The Federal Competition and Consumer Protection Commission (FCCPC) has endorsed the Central Bank of Nigeria’s (CBN) proposed policy mandating banks to refund customers for failed ATM and electronic transactions within 48 hours. The FCCPC described the draft CBN refund guidelines as a welcome and long-overdue step in addressing one of…
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has described Nigeria’s youth as the country’s most valuable asset, urging them to step up and take leadership roles in driving economic stability, innovation, and inclusive growth. Cardoso made the remarks on Friday during the inaugural CBN Governor Annual Lecture…
As the festive season approaches, the Central Bank of Nigeria (CBN) has moved to address the perennial issue of currency scarcity, assuring Nigerians that adequate cash will be available to meet nationwide demand throughout the yuletide period. This reassurance was given during the official flag-off of the Nationwide Sensitization on…
he Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) by 50 basis points, bringing it down from 27.5% to 27%, in a strategic move to support Nigeria’s sustained economic recovery and disinflation trajectory. This decision was announced following the conclusion of the 302nd meeting of the…
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reiterated the Bank’s stance against the abuse of the naira, warning Nigerians to desist from spraying, hawking, mutilating, or counterfeiting the national currency. Cardoso issued the warning on Thursday at the CBN Fair in Kaduna, where he was…
Apex bank orders electronic revalidation of BVN, NIN attached to accounts, wallets Jan 31 Account holders, others fear new round of hardship, naira scarcity The Central Bank of Nigeria on Friday directed commercial banks to bar customers without Bank Verification Numbers and National Identity Numbers from having access to their…
3/3/23 NEW-NOTES/JUDGMENT 200, 500 And 500 Naira Notes To Remain In Circulation Till December The Supreme Court has declared that the old and the new Naira notes of 200, 500 and 1000 remain in circulation as a legal tender until the 31st of December, this year. The Apex court held…
Emefiele was also accused of sabotaging President Muhammadu Buhari’s administration, financing terrorism, aiding and abetting terrorism, and committing other economic crimes with the effect of undermining Nigeria’s national security.
Debunking the news, the CBN shared another release, labelling the one shared by Aisha as “fake news.”
