central bank of nigeria cbn Archives

Naira Abuse Can Land You In Jail: CBN Cracks Down On Currency Mutilation

CBN prohibits misuse of Naira notes like spraying, squeezing, or writing on them Offenders could face 6-month jail term or ...

Banks Set New ATM Withdrawal Limits For Customers

by Praise Ben

Apr 3, 2024.

Nigerian banks impose ATM withdrawal limits, linked to cash scarcity. CBN cites substantial withdrawals and panic-driven activity for cash scarcity. ...

REAVEALED: Why Price Of Food Won’t Drop Immediately Despite Naira Appreciation

by Praise Ben

Mar 31, 2024.

Why Price Of Food Won’t Drop Immediately Despite Naira Appreciation Market adjustment processes could delay visible decreases in the cost ...

CBN Tightens Financial Grip, Banks Brace For Capital Boost

by EZEKIEL Tijani

Mar 28, 2024.

CBN introduces new capital requirements for Nigerian banks to bolster sector resilience. Commercial banks with international authorization must now have ...

Emefiele Crossed The Line When He Contested For Presidency Under APC – Moghalu

by Praise Ben

Jun 23, 2023.

Moghalu criticizes Emefiele for presidential bid, deems him unfit as CBN governor. Moghalu disapproves of Emefiele's performance at CBN, cites ...

Presidency Denies Knowledge Of Emefiele’s Study Leave

by Benard Joseph

May 14, 2023.

The Presidency has denied knowledge of Emefiele's study leave. The presidency said it was not aware of such a development. ...

President Buhari Reportedly Grants Emefiele Study Leave Amid Corruption, Terrorism-Financing Allegations

by Praise Ben

May 12, 2023.

President Buhari reportedly granted the CBN governor, Godwin Emefiele, a study leave amid corruption and terrorism-financing allegations. It is alleged ...