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CBN SPENDS N800BN ON CURRENCY PRODUCTION, DESTRUCTION

The Deputy Governor, Financial System Stability, Central Bank of Nigeria, Aisha Ahmad, has disclosed that the amount spent on maintaining the naira has increased...

HOUSE OF REPS ORDERS CBN TO SUSPEND NEW CASH WITHDRAWAL LIMIT

House of Representatives asked the Central Bank of Nigeria (CBN) to halt the implementation of the new cash withdrawal policy slated for January 9,...

CBN LIMITS CASH WITHDRAWALS TO N100,000 WEEKLY.

The Central Bank Of Nigeria has imposed fresh cash withdrawal limits on individuals and organisations, which takes effect from January 9, 2023. According to a...

PRESIDENT BUHARI APPROVES NAIRA REDESIGN, CBN DISCLOSES

The Central Bank of Nigeria (CBN) has insisted that it followed the law and due process in the ongoing Naira notes redesigning exercise, which...

14 PERSONS ARRESTED OVER THE ALLEGED ILLEGAL SALE OF NEW NAIRA NOTES IN KANO

Officials of the Department of State Services, in conjunction with the Central Bank of Nigeria, and the Nigerian Security and Civil Défense Corps, have...

BANK BORROWING FROM CBN RISES 27% t6o N4.5tn

Amid a rising liquidity crunch, banks operating in Nigeria borrowed a whopping sum of N4.5tn from the Central Bank of Nigeria in July, an...

BANKS BORROW N595.34bn FROM CBN IN TWO MONTHS

Banks borrowed N595.34bn from the Central Bank of Nigeria between January and February, data have shown. The CBN’s monthly economic report showed that while N333.59bn...

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