Old Notes: CBN Orders Banks to Open Weekends as Emefiele Set to Supervise Evacuation   The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation...

Cash Crunch: Emefiele Apologises For Failed Electronic Transactions   Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has apologised to Nigerians for the rise in failed electronic banking transactions. The CBN boss spoke at the end of the two-day monetary policy committee meeting in Abuja...

18% Rate: Economists Fault MPC Over Increase   Economists have faulted the Monetary Policy Committee of the Central Bank of Nigeria over its decision to increase the benchmark interest rate by 50 basis points to 18 per cent from 17.5 per cent. The experts spoke in reaction...

In 18 Months, e-Naira Records N22bn Transactions, 13mn Wallets In what may pass for a remarkable improvement and wider adoption of Nigeria’s digital currency, the value of transactions on eNaira hit N22 billion indicating a 68 per cent increase since the beginning of this year,...

UPDATE: Nigerian Banks are Resilient, will Survive SBV's Collapse - Emefiele   The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has been speaking to the healthiness of Nigerian banks against the backdrop of the recent collapse of the Silicon Valley Bank (SVB). Speaking to journalists after...

BREAKING: CBN Increases Interest Rate to 18 Percent, Says Nigerian Banks Healthy    The Monetary policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased Monetary Policy Rate (MPR) which measures interest rate to 18 percent from the previous 17.5 percent adopted in January. This...