Cash Crunch: Banks Dispense Cash Over Counter, Load ATMs   The Central Bank of Nigeria has released more old notes to Deposit Money Banks as the apex bank steps up efforts to flood the economy with more cash after a prolonged cash crunch that has made...

Despite Acceptance of Old Notes, Crowd Overwhelm Banking Halls The CBN had earlier instructed commercial banks to immediately collect the old naira notes, deposited at the apex bank, promising that before the end of the week, the nation would be awash with more naira notes,...

Naira Redesign: Reps Urge CBN to Revamp e-banking Platforms The House of Representatives has urged the Central Bank of Nigeria to direct banks to immediately revamp their electronic transaction platforms. According to the House, the move has become necessary in the aftermath of the recent CBN...

Bayelsa Residents Protest Over Rejection of Old N500, N1000 Notes Residents of Akenfa community, in Yenagoa Local Government Area of Bayelsa State, on Friday, took to the streets to protest the continued rejection of the old N500 and N1000 notes by traders in the state. The...

Banks’ Credit To Govt Rises By N11trn   Banks credit to the government rose by N11.75tn in one year, figures obtained from the Central Bank of Nigeria (CBN) have revealed. The CBN disclosed in its ‘Money and credit statistics’ report that the credit rose from N14.9tn as...

Banks’ Demand Deposits Hit N1.67 trillion in Three Months The Central Bank of Nigeria (CBN) financial data stated that Nigeria’s demand deposits added N1.67 trillion in October (when the naira redesign was unveiled) to hit an all-time high of N20.18 trillion in January. Demand deposits, savings...