Godwin Emefiele
CBN promises to flood banks with old naira notes over NLC protest, keeps mute over new ones
The Central Bank of Nigeria has promised to flood commercial banks with old notes beginning Thursday, March 23, 2023 as well as cancel all withdrawal limits
BREAKING: NLC directs members to cripple activities at CBN offices nationwide, gives reason
The Nigeria Labour Congress, on Wednesday, March 22, directed all workers to shut down operations in all the offices of the Central Bank of Nigeria nationwide
CBN identifies reason for difficult cash withdrawal, explains increase in interest rates
The Central Bank of Nigeria has revealed that Nigerians experience difficulty in cash withdrawal due to the volume of transaction requests by bank customers.
Naira rebounds on the black market amid slow dollar demands, cash scarcity
Naira gained massively on Monday, March 20, 2023 at the black market as Nigerians shunned dollars following the scarcity of the naira notes in the country.
MTN announces plan to merge finance subsidiaries amid CBN's ban on banking agents' use of PoS terminal
MTN Nigeria is looking at merging its financial companies, Mobile Money Payment Service Bank (MoMo PSB) and Yello Digital Financial Services Limited, soon.
Hundreds of Customers Troop to Banks as CBN Orders Recirculation of Old N200, N500, N1000 Notes
Many banks across Lagos witnessed a huge turnout of customers who had come in the hope of being able to make cash withdrawals, over-the-counter or via ATMs.
CBN issues phone number, email address to report PoS operators charging higher than approved rate
The Central Bank of Nigeria has directed the general public to contact it via phone numbers and email to report PoS operators and naira sellers in Nigeria.
"Money I dey find" Man in video shows bags of shredded old Naira notes thrown away by 'CBN'
A viral video on social media showing bags of shredded old naira notes said to be have been disposed of by the CBN has generated reactions amid cash scarcity.
Currency in circulation drops to all-time low of N982 billion
The Central Bank of Nigeria has stated that the currency in circulation has been reduced to N982 billion since February due to its cashless policy, naira swap
Godwin Emefiele
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