Cash Crunch: CBN Launches USSD for eNaira The Central Bank of Nigeria has launched the USSD channel of the Central Bank Digital Currency tagged the eNaira on Bullnet platform to boost the usage of the platform. It was launched in Lagos on Thursday during an event...

Naira Swap: Over N500bn Yet to be Returned To CBN - EFCC The Chairman of Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has disclosed that over N500 billion old naira notes stashed by politicians yet to return to the Central Bank of Nigeria (CBN). Abdulrasheed...

CBN, Banks Association Deny Plans to Halt Financial Transactions During Election The Association of Corporate Affairs Managers of Banks, a group representing Corporate and Marketing Communications Professionals in Nigeria’s banking sector, has debunked the message claiming that the Central Bank of Nigeria is shutting down...

New Naira: CBN Threatens to Arrest, Prosecute Fake News Peddlers  The Central Bank of Nigeria has warned against fake news, stating that it will investigate, arrest and prosecute those spreading false information about the naira redesign policy. This threat was contained in a statement on Tuesday...

New Naira Notes: CBN Debunks Press Statement Shared by Aisha Buhari The Central Bank of Nigeria (CBN) has debunked a purported press statement shared on the Instagram page of the First Lady, Aisha Buhari. In the press statement, it was alleged that the old N500 and...

CBN: External Reserves Fall by $427m in One Month - Report The Central Bank of Nigeria recent data has indicated the country’s external reserves fell by $427.14m in one month. Figures obtained from the CBN on the movement of foreign reserves on Monday showed that the...