Naira: New Notes to be Distributed Before Deadline - CBN The Central Bank of Nigeria has assured that the new naira notes will be distributed across the country before the January 31, 2023 deadline. Stakeholders have initially asked the CBN to extend its deadline for the...

CBN to Sanction Banks Dispensing Old Notes  The Central Bank of Nigeria has announced plans to take tough action against banks that continue to fill their ATM machines with old naira notes as the deadline to  phase out  the notes approaches. The Director of the Legal...

Banking System Remains Resilient - CBN The banking system continued to be resilient with major financial soundness indicators comparing favourably with the prudential thresholds as of the end of October 2022. The Central Bank of Nigeria disclosed this in statements on monetary policies. The Governor, CBN, Godwin...

CBN, SEC to Develop Joint regulatory framework for ICOs, Stablecoins The Central Bank of Nigeria recent report has revealed its effort to create a regulatory framework for potential implementations of stablecoins. The document titled “Nigeria Payment System Vision 2025” includes provisions for regulating initial coin offerings...

Old Notes: Senate Seeks Extension of Deadline to June The Senate committee has called on the Central Bank of Nigeria to extend the withdrawal date of old currency notes to June 30, 2023. The CBN had on October 26, announced plans to redesign the N200, N500,...

UPDATE: Cash Withdrawal Limit Policy Not Politically Motivated – CBN The Central Bank of Nigeria (CBN) has debunked the rumours in some quarters that it's decision to limit cash withdrawals across all platforms is politically motivated. The Deputy Governor, CBN, Mrs Aisha Ahmad, said this in...