Godwin Emefiele
CBN replies Falana on new naira notes, promises to provide information on allocation to banks
The Central Bank of Nigeria has promised to make available information regarding its issuance of the new N200, N500 and N1000 naira notes to banks in Nigeria.
IMF raises concerns about CBN’s loans to farmers, as many refuse to repay
The International Monetary Fund (IMF) has pointed out challenges facing the Anchor Borrowers’ Programme (ABP) by the Central Bank of Nigeria introduced in 2016.
Experts predict Tinubu may reverse CBN’s new naira notes policy in his first week in office
Financial experts have predicted that Tinubu may not let the new naira policy of the Central Bank of Nigeria (CBN) stay when he is sworn in on May 29, 2023.
Naira scarcity: Banks sources claim no cash has come from CBN in the Last 2 Days
The CBN has reportedly failed to disburse money to some banks in Nigeria in the last two days, according to top bank sources in two major banks in Nigeria.
Banks announce new closing hours amid fears of election Violence, secretly invite customers to come for cash
Banks have adjusted their closing hours downwards as Nigerian await INEC's announcement of a new leader . Also the bank's invited customers to come for cash
CBN mops up N2.09 trillion in 4 months as cash scarcity persists
Due to new naira, the Central Bank of Nigeria has reduced the currency in circulation from N3.29 trillion in October 2023 to N1.38 trillion as of January 2023.
MTN's MoMo Bank moves to rake in new merchants, asks customers to open accounts using old naira notes
Nigeria's current cash crisis is pushing mobile money operators to rapidly adopt e-payments and boost operations as MTN Momo Bank lures customers with old notes
After 17 Years of waiting, FG to share N145bn cabotage fund as Zenith, UBA, others prepare for implementation
The federal government has revealed that Cabotage Vessels Finance Fund (CVFF) worth over N145bn is ready to be disbursed to players in the shipping industry.
CBN adds new features to eNaira, enables USSD operations, use of vouchers to fund wallets
The Central Bank of Nigeria has added new features to eNaira to allow for a seamless transactions such as funding wallets with vouchers and use of USSD codes.
Godwin Emefiele
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