CBN Charges African Regulators to Avoid Bank Failure The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has called on  the governors of Central Banks and other African financial sector regulators to be more vigilant in their regulatory and supervisory roles to forestall...

CBN bans Agents using Merchants PoS Terminals for Transactions  By Kabir Abdulsalam The Central Bank of Nigeria (CBN) has barred agents from using Point of Sale (PoS) terminals meant for merchants to carry out cash-in and cash-out transactions. The apex bank disclosed this in a circular while...

Cash Crunch: Governors Give Emefiele, Malami Tuesday Ultimatum To Obey Supreme Court   State governments, which sued the Federal Government on the naira redesign policy, have given the Central Bank of Nigeria Governor, Godwin Emefiele and the Attorney-General of the Federation and Minister of Justice, Abubakar...

Emefiele Confirmed To Me Old Naira Notes Are Now Acceptable - Soludo   There are strong indications that the federal government has decided to obey the Supreme Court ruling on the continuous use of old naira notes till December 31, 2023. Commercial Banks have been ordered to...

CBN Disburses N114bn Under 100-for-100 Policy   The Central Bank of Nigeria has disbursed N114.17bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention. This was disclosed in a communiqué issued by the CBN Governor, Godwin Emefiele, after the last...

CBN Reveals External Reserves Drop By $317m In February   According to figures that were obtained from the Central Bank of Nigeria, CBN, it has been revealed that the nation’s external reserves dropped by $317 million in February. Its latest data on the movement of external reserves...