Eight Quick Facts About New Naira Notes It is no longer news that the Central Bank of Nigeria (CBN) has announced the coming of new naira notes. The apex bank governor, Godwin Emefiele, who made this announcement at a press conference on Wednesday, said the new...

CBN Grants Approval to MTN, Glo, Airtel, Other Payment Service Banks to Sell Dollars The Central bank of Nigeria has approved dollar sales by Payment service banks(PSB), Nigerian three telecommunication giants MTN, Airtel Glo, have licences to operate PSB CBN's decision to allow PSBs to...

Naira Redesign Not Economic Priority — CISLAC The Civil Society Legislative Advocacy Centre has said that the Central Bank of Nigeria’s plan to redesign 200, 500 and 1,000 naira notes is not an economic priority for the country, considering the current challenges facing the economy. The...

Why We Are Redesigning Naira Notes - Emefiele The governor of Central Bank OF Nigeria Godwin I. Emefiele has released his full speech regarding the announcement to redesign Naira notes. Remarks by Governor Godwin Emefiele on Issuance of New Naira Banknotes Good afternoon Ladies and Gentlemen, and...

Strategic Capital Investment Ltd Acquires Polaris Bank for N1.355 Trillion The Central Bank of Nigeria has announced the completion of the sale of Polaris Bank. This was contained in a statement by the CBN’s Director, Corporate Communications, Osita Nwanisobi, on Thursday. In it, the CBN announced the...

Forex Policy Widened Exchange Gap By N300 – ABCON The President, Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe, has said the unorthodox foreign exchange policy of the Central Bank of Nigeria has adversely impacted on the naira stability across all markets, and...