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CBN Raises Interest Rate To 18.75 Per cent
The Central Bank of Nigeria (CBN) on Tuesday, July 25 in its fourth Monetary Policy Meeting for 2023 increased the Monetary Policy Rate (MPR) from 18.5 percent to 18.75 per…
BREAKING: DSS Arrests CBN Governor, Emefiele
The Department of State Services (DSS) has arrested the suspended Godwin Emefiele, Governor of Central Bank of Nigeria (CBN). ADULAWONEWS report that Emefiele was earlier suspended on Friday by President…
BREAKING: CBN Deputy Gov, Adebisi Shonubi Takes Over As Acting Governor
Following the suspension of Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Friday night, President Bola Ahmed Tinubu has directed that the suspending Emefiele…
CBN Revokes Operating Licenses Of 132 Microfinance Banks
The Central Bank of Nigeria (CBN) has revoked the operating licenses of 132 Microfinance Banks, three finance companies and four primary mortgage banks for failing to carry on, in Nigeria,…
CBN Gives Banks, Other Financial Institutions 30-Day Ultimatum To Close Bank Accounts Without BVN
The Central Bank of Nigeria (CBN) has given banks and other financial institutions a 30-day ultimatum to close accounts without Bank Verification (BVN). Financial institutions have been directed to link…
BREAKING: Naira Scarcity: NLC, TUC Extend Strike Ultimatum By Two Weeks
The leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have announced the extension of their strike ultimatum it earlier issued the federal government by two more…
Naira Crisis: CBN Directs Banks To Open Saturdays, Sundays
The Central Bank of Nigeria (CBN) has directed all commercial banks to open for operation on Saturdays and Sundays. Mr Isa AbdulMumin, the CBN Acting Director, Corporate Communications Department revealed…
Naira Scarcity: CBN Releases Old Notes To Commercial Banks
The Central Bank of Nigeria (CBN) says it is releasing all N1,000, N500 and N200 notes in its custody to Deposit Money Banks. A source at the CBN disclosed this…
BREAKING: Naira Redesign: Emefiele Apologises For E-payment Glitches
The Central Bank of Nigeria (CBN) governor, Godwin Emefiele has apologised to Nigerians for the glitches experienced while trying to effect various e-payment transactions. Emefiele made the apology at the…
Presidency Reacts To Cash Crunch Crisis
Days after the Supreme Court verdict allowing the N500 and N1000 old notes to circulate side by side with the new notes till December 3, the Presidency has reacted to…
Sanwo-Olu Unveils Punishment For Lagos Banks Rejecting Old N500, N1000
Lagos State Governor, Babajide Sanwo-Olu, has vowed to sanction commercial banks and business owners who refuse to accept the old naira notes in the state. In a series of tweets,…
BREAKING: Naira Crisis: CBN Authorizes Use Of Old Notes
The Governor of Anambra State, Prof Charles Soludo confirmed on Monday that the Central Bank of Nigeria has asked commercial banks to dispense and accept old naira notes as deposits.…
Naira Redesign, Policy Of PDP Collaborators – El-Rufai
Kaduna State Governor, Nasir El-Rufai, has accused the Central Bank Governor, Godwin Emefiele, of acting in accordance with the Peoples Democratic Party, PDP, to help them win the 2023 general…
CBN Says Old Naira Notes No More Legal Tender In Nigeria
The Central Bank of Nigeria has declared that the old Naira notes of N200, N500 and N1000 have ceased to be legal tender in Nigeria since February 10, 2023. The…
Naira Redesign: Heavy Security At Ogun CBN Over Fear Of Attack
There were heavy security personnel at the Central Bank of Nigeria (CBN), Abeokuta Branch over fear of attack due to the scarcity of the new naira notes. Policemen in the…
Delta Residents Storm Streets To Protest Over Scarcity Of Naira Redesigned
Residents of Delta State have reportedly taken to the streets to protest over the scarcity of the new naira notes at commercial banks and Point of Sales (POS) terminals. It…
Deadline For The Return Of Old Naira Notes Remains January 31 – CBN Insists
The Central Bank of Nigeria has stated that there is no going back on the January 31, 2023 deadline for the return of old N200, 500 and N1000 notes. The…
New Naira Note: CBN Commences LGA Cash Swap Centres Across Federation
The Central Bank of Nigeria ( CBN) has established Cash Swap Centres across the 774 Local Government Ares of the federation. This was contained in a circular issued and signed…
BREAKING: CBN Increases Weekly Cash Withdrawal Limit For Individuals
The Central Bank of Nigeria (CBN) has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively. The…
BREAKING: CBN, AMCON Announce Sale Of Polaris Bank
The Central Bank of Nigeria (CBN) and the Asset Management Corporation of Nigeria (AMCON) have formally announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100…