CBN Archives - Page 16 of 21 - Voice Air Media

1 Minute

National

Breaking: Naira falls heavily after CBN announcement to redesign naira

Akanji Philip October 29, 2022 0 Comment

The Central Bank of Nigeria’s decision to redesign the Naira, the country’s currency, has greatly increased demand on the foreign exchange market. As more people look to buy dollars to exchange their stashed...

3 Minutes

National

Finance Minister: CBN did not consult me on plan to redesign naira

Akanji Philip October 29, 2022 0 Comment

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has said her office was not consulted by the Central Bank of Nigeria, CBN before its plan to redesign redesign N200, N500 and...

1 Minute

Business Economy National

Three naira notes to gain new form as CBN names date of circulation

Agency1 October 26, 2022 0 Comment

The Central Bank of Nigeria Governor, Godwin Emefiele has said the apex bank will redesign three naira notes. He said the bank had obtained approval from President Mohammadu Buhari to redesign N200, N500, N1000...

2 Minutes

National

We have put policies in place to tackle naira depreciation- CBN

Akanji Philip October 21, 2022 0 Comment

The Central Bank of Nigeria (CBN) has stated that it has established policies to address the persistent depreciation of the naira. The local currency currently exchanges N440/$1 at the official market but N751/1$...

2 Minutes

Business

CBN completes sales of Polaris Bank to SCIL

VAM News October 21, 2022 0 Comment

THE Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have formally announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100% of the government’s equity...

2 Minutes

Economy National

FG Seeks Help From Citizens to Pay CBN’s N20trn Loan (Details)

Agency1 October 20, 2022 0 Comment

The federal government has announced plans to repay its N20 trillion debt owed to the Central Bank of Nigeria (CBN) by issuing securities such as treasury bills and bonds for Nigerians to buy. Zainab...

4 Minutes

Business Economy

Nigerians face harder times as CBN increases interest rate for 3rd consecutive time

VAM News September 28, 2022 0 Comment

The Monetary Policy Committee, MPC, of the CBN increased Monetary Policy Rate, MPR, from 14 per cent to 15.5 per cent on Tuesday to tame inflation. The committee had increased the MPR by a...

1 Minute

Politics

2023: INEC, CBN Break Ties After Emefiele’s Failed Presidential Bid

VAM News June 4, 2022 0 Comment

The Chairman of the independent National Electoral commission (INEC), Mahmood Yakubu, has announced withdrawal of sensitive electoral materials from the custody of the Central Bank of Nigeria (CBN). Yakubu disclosed this at an ongoing...

2 Minutes

Business

Bank Customers To Produce Indemnity For Online Transfers Above N1m – CBN

VAM News June 3, 2022 0 Comment

The Central Bank of Nigeria has directed banks and Payment Service Providers to accept indemnity from customers for highly secured online funds transfers. This was contained in a circular signed by the Director, Payments...

1 Minute

Business

Naira Notes Will Be Out Of Circulation Soon – CBN

VAM News May 21, 2022 0 Comment

The Central Bank of Nigeria CBN has said that the country will be faced with dearth of paper currency soon. This as the apex bank intensifies effort in the area of digital currency inclusion....