Tag Archives: cbn

Former Central Bank of Nigeria(CBN) Governor Sanusi Lamido Sanusi has thrown his weight behind the decision to relocate some departments of the apex bank from Abuja to Lagos. According to him, it was the right thing to do and had no political undertone to it. There have been criticisms in …

The Federal Capital Territory High Court has granted Godwin Emefiele’s request to travel out of Abuja. Downloads btlsblog mobile app on playstore Follow Us On Threads However, the court said the former Governor of the Central Bank of Nigeria (CBN) must remain in the country. His bail terms had restricted …

Ahead of the Central Bank of Nigeria’s January 31 2024 deadline for obtaining Bank Verification Number, BVN, the number of registered Nigerians has increased to 59.9 million. A recent BVN registration data update released by the Nigeria Inter-Bank Settlement System made this known. The figure showed that more than one …

The special investigator on the Central Bank of Nigeria (CBN), Jim Obaze, has made another damning revelation of the massive corruption which allegedly took place under Godwin Emefiele’s leadership. In the final report of his panel which was submitted to President Bola Tinubu, Emefiele and CBN’s management team alleged made …

The Central Bank of Nigeria (CBN) has directed banks to raise the quality of their products and services to attract more people into the financial system. CBN Governor, Olayemi Cardoso, disclosed this at the release of the 2023 EFInA Access to Finance (A2F) Survey results in Lagos. He said: “As …

Amid Nigeria’s currency shortage, the Central Bank of Nigeria has warned Nigerians against counterfeit Naira banknotes. On Friday, the apex bank gave the warning in a notice titled ‘Beware of Counterfeit Naira Banknotes in Circulation’. Downloads btlsblog mobile app on playstore Follow Us On Threads The Bank urged all Deposit …

Popular business tycoon, Tony Elumelu has denied claims that president Bola Ahmed Tinubu intends to make him the next CBN governor. The billionaire debunked the claims while responding to a tweet made by an X user who made the report. According to the X user with the handle Imran Muhammad, President Bola Ahmed Tinubu …

There are indications that the Department of State Services has re-arrested former governor of Central Bank of Nigeria (CBN), Godwin Emefiele shortly after he was granted bail by a Federal High Court in Lagos. Recall that Emefiele was charged by the office of the Attorney General of the Federation under the Ministry of Justice. Downloads btlsblog …

The Central Bank of Nigeria (CBN) has mandated commercial banks to obtain the social media handle(s), e-mail addresses, telephone numbers, residential addresses, and other personal details of their customers. This was contained in its newly published ‘Central Bank of Nigeria (Customer Due Diligence) Regulations, 2023’ document, which aims to further …

The Central Bank of Nigeria, CBN has given Nigerian commercial banks the go-ahead to freely trade foreign exchange at any rate. The announcement comes after Godwin Emefiele’s suspension as CBN’s governor. It is believed that banks can now sell forex at market-determined rates, suggesting Nigeria is now operating a freely floating exchange rate. This …

The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the importers and exporters’ (I&E) window. Dr. Isa AbdulMumumin, the acting Director of Corporate Communication at the CBN, released a statement on Thursday morning titled …

The Central Bank of Nigeria has assured Nigerians that more newly redesigned banknotes will be in circulation soon. The CBN said in a statement on Sunday, April 30, that they are “taking delivery of a good quantity of the redesigned bank notes from the Nigerian Security Printing and Minting Company …

The Central Bank of Nigeria (CBN) has commenced the mopping up of monies in dormant accounts and unclaimed balances in commercial banks. The apex bank announced this in its new Guidelines on ‘the Management of Dormant Accounts, Unclaimed Balances and other financial assets in Banks and Other Financial Institutions in …

The Central Bank of Nigeria, CBN, last night directed all banks to obey the Supreme Court order on the old N200, N500 and N1000 notes. The apex bank in a statement by the Ag Director of Communications, Isa AbdulMumin, said: “In compliance with the established tradition of obedience to court …

The acting Director of Corporate Communications, Dr. Isa Abdulmumin of CBN disclosed that both old and new Naira notes are now legal tender. It will be recalled that last week, the Supreme Court gave its verdict on the Naira redesign, directing the federal government to allow the validity of N200, N500, and N1000 notes till 31 …

The Central Bank of Nigeria, CBN, said it had released N114.17 billion to beneficiaries under its 100-for-100 Policy on Production and Productivity since its commencement in January last year. Downloads btlsblog mobile app on playstore https://play.google.com/store/apps/details?id=com.wBtlsblog_13609357 It was disclosed in a communiqué issued by the Governor of CBN, Godwin Emefiele, …

The Central Bank of Nigeria has declared that the old 500 and 1000 naira notes are no longer legal tender in Nigeria and has directed all commercial banks to stop collecting them from customers. Though the CBN has instructed Nigerians who still have the old naira notes in their possession …

A video of some Nigerian men in Gombe state arriving at the Central Bank of Nigeria’s office in the state with sacks of old N500 and N1000 notes, has made the rounds on social media. This comes hours after President Buhari announced that the old N500 and N1000 notes have …

The Supreme Court has adjourned the suit filed by governors to challenge the naira redesign policy of the Central Bank of Nigeria (CBN) to Wednesday February 22. The apex court said it would consolidate all the cases, stressing that all the states would abide by its decision on the matter. …

The Central Bank of Nigeria (CBN) has said that despite a Supreme Court order, the old N200, N500 and N1,000 notes are no longer legal tender. The Supreme Court had issued an order barring the CBN from implementing the February 10 expiration date for the old notes. CBN’s branch controller …

The Central Bank of Nigeria has debunked claims about the incapacity of the Nigerian Security Printing and Minting PLC. The apex bank also denied claims that it plans to shut down commercial banks in a geo-political zone. This was disclosed in a statement signed on Friday by CBN’s Director of …

Downloads btlsblog mobile app on playstore https://play.google.com/store/apps/details?id=com.wBtlsblog_13609357 A Federal Capital Territory, FCT, High Court has restrained the Central Bank of Nigeria, CBN, from extending the deadline for the use of the old naira notes. The court also ordered the CBN to fully implement the redesigned naira. Eleojo Enenche, presiding judge, …

The Central Bank of Nigeria, CBN enforcement team accosts a bank branch in Ado Ekiti hoarding the new naira notes to the tune of N6M. Downloads btlsblog mobile app on playstore https://play.google.com/store/apps/details?id=com.wBtlsblog_13609357 A video shared by a media strategist, Deji Adesogan, on Twitter captured the enforcement agency of CBN questioning a bank on why …

Godwin Emefiele, the Governor of the Central Bank of Nigeria, has sent out an appeal to Nigerians. He appealed to Nigerians to show understanding, adding that the redesigned notes will circulate and be accessible. The apex bank also pledged to stop Point of Sale charges as the February 10 deadline for …

The CBN governor said the new directive was to alleviate the challenges that Nigerians are experiencing with getting access to the new notes. Downloads btlsblog mobile app on playstore https://play.google.com/store/apps/details?id=com.wBtlsblog_13609357 The Central Bank of Nigeria (CBN) has issued a new directive to commercial banks. The CBN directed the commercial banks to …

Those who embarked on the protest were seen holding up banners in which they called out alleged saboteurs in the Central Bank of Nigeria. Lagos state residents have staged a protest to lament the scarcity of new Naira notes in the country. Downloads btlsblog mobile app on playstore https://play.google.com/store/apps/details?id=com.wBtlsblog_13609357 Those …

Atiku urged the CBN to immediately review the measures it has put in place for ensuring the seamless circulation of the new naira notes. The Peoples Democratic Party presidential candidate, Atiku Abubakar has urged the Central Bank of Nigeria not to extend the deadline for swap of naira notes. This …

Nigerians can still deposit their old naira notes after the February 10 deadline. However, according to the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, anyone depositing old N200, N500 and N1000 banknotes after the deadline must deposit the notes at the Central Bank offices in line …

Central Bank of Nigeria (CBN) and Economic and Financial Crimes Commission (EFCC) joint task force yesterday raided some banks and areas in Abuja in search of persons suspected to be hoarding and selling the new naira notes. The Abubakar Kure-led taskforce said it arrested three persons in Areas 3 and …

Members of Coalition of Civil Society Group protest scarcity of new Naira notes at Marina, Lagos, on Tuesday. Downloads btlsblog mobile app on playstore https://play.google.com/store/apps/details?id=com.wBtlsblog_13609357 Angry Nigerians have staged a protest in Lagos State. The protesters who the members of Coalition of Civil Society Group are protesting the scarcity of …

The President, Major General Muhammadu Buhari (retd.), on Sunday, in Daura, approved the Central Bank of Nigeria’s request to extend the deadline for swapping of old naira notes with the redesigned notes from January 31, 2023, to February 10 2023. Buhari also approved a seven-day grace period which runs from …

The Central Bank of Nigeria, CBN, on Sunday extended the deadline for the exchange of old naira notes. Godwin Emefiele, the CBN governor, extended the date by 10 days. In a press statement issued on Sunday, Emefiele said the new deadline is now February 10, 2023. Downloads btlsblog mobile app …

Some commercial banks in Awka, Anambra State have stopped paying customers over the counter or via Automated Teller Machines (ATM), preventing members of the public from making transactions, with just four days to the deadline for the old version of N200, N500 and N1,000 Naira notes to cease from being …

The Central Bank of Nigeria (CBN) has banned dollar charges on domestic transactions as it launched has launched the Nigerian National Domestic Card Scheme, AfriGo. This was disclosed by the CBN governor Godwin Emefiele on Thursday, January 26, 2023, while launching the card virtually. Godwin Emefiele said that transaction charges …

The Central Bank of Nigeria (CBN) on Monday launched the deployment of the National Domestic Card Scheme in a bid to unify payment in the country. With the deployment, Nigeria has now been enlisted into the growing list of countries like India, Turkey, China, and Brazil that have launched similar …

Cbn has urged those who are still in possession of the notes to, as a matter of urgency, deposit them in banks as there would be no extension of the January deadline. The Central Bank of Nigeria, CBN, has taken its enlightenment campaign to Taraba State. Business activities were temporarily slowed …

The Central Bank of Nigeria (CBN) has been ordered to freeze the account of Polaris Bank over a judgment debt of N2,162,561,509.84. An Ondo High Court gave the ganishee order, according to a report by TheNation. The order was made by Justice Adebusoye in an application filed by Ondo Attorney …

The Central Bank of Nigeria has ordered Deposit Money Banks not to pay customers making over-the-counter withdrawals of new naira notes again. Instead, the apex bank directed the banks to load their Automated Teller Machines with only new notes to ensure that the currency circulates across the nation ahead of …

The corpse of the former ex-CBN staff assassinated on New year in Abeokuta, Ogun State, Oreoluwa Fatinoye has been found dead in a river. It would be recalled that some unknown gunmen broke into the residence of the former staff of CBN within the Ibara Government Reservation Area (GRA), Abeokuta, and murdered the parents …