CBN Groans Over Forex Shortage - Emefiele Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has tasked leaders of the Nigerian banking sector to brainstorm expansively on ways to resolve the shortage of foreign exchange in the country. Emefiele, who spoke at the 13th...

New CBN Withdrawal Limit Policy Will Harness Growth, Development - NIPC The Nigerian Investment Promotion Commission (NIPC) has applauded the Central Bank of Nigeria (CBN), over its recent policy on cash withdrawal limit. Recall that the apex bank, on Tuesday, announced a limit on cash withdrawals...

Reps Query CBN, NNPC, Others Over Unaudited Accounts The House of Representatives Committee on Public Accounts has submitted its report on ministries, departments and agencies of the Federal Government who failed to render their audited accounts within eight years. Prominent among those indicted in the report...

Ahead of December 15 Policy, Banks Receive Redesigned Notes The Central Bank of Nigeria (CBN) has commenced the distribution of the newly redesigned naira to the banks in readiness for issuance to customers as the new policy kicks off December 15, 2022. Godwin Emefiele, CBN’s governor...

Emefiele to NASS: No Going Back on Cash Withdrawal Limits The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has said he has no plan to reverse the decision on cash withdrawal limits. Emefiele made the declaration on Thursday after a visit to President Muhammadu...

JUST IN: Suspend Cash Withdrawal Limit - Reps Order Emefiele The House of Representatives has instructed the Central Bank of Nigeria (CBN) to halt the implementation of the new cash withdrawal policy slated for January 9, 2023. The lawmakers ordered the apex bank to suspend the...