Emefiele And The Logs In His Eyes By Felix Oboagwina What an irony! The operational network of Zenith Bank has collapsed for over a week now. No customer can transfer a farthing of their own savings out to other banks. Neither can they fish out as...

Cashless Economy With Tears!, by Hameed M. Bello   Cashless economy is the vogue in many digital economies of the world, and Nigeria does not want to be caught napping, or so it seems. Countries that have since gone cashless include India, Sweden, Denmark, USA, UK,...

Naira Redesign: Emefiele Should Resign - Basorun Second Republic Secretary to Lagos State Government (SSG) Olorunfunmi Basorun yesterday asked Central Bank of Nigeria (CBN) Governor Godwin Emefiele to resign for taking Nigeria for a ride. He said the CBN policy of currency swap had crippled commercial...

CBN Directs Banks to Start Over-the-Counter Payments of New Note The Central Bank of Nigeria (CBN) has directed commercial banks to commence the payment of redesigned naira notes to customers over the counter, with a maximum payout limit of N20,000 per day. Director Corporate Communication, CBN, Osita...

Update: Emefiele Assures Banks Will Accept Old Naira Notes After Deadline The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has disclosed that banks will continue to accept old naira notes after the deadline. Emefiele revealed this on Tuesday while speaking at an interactive...

We have Recovered N1.7trn of Old Naira Notes - Emefiele   The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says N1.7 trillion worth of naira notes have been returned to banks so far,with N500 billion more to go. The bank on Sunday extended the deadline...