Currency outside banks rose to N2.26tn at the end of June 2023, according to the latest figures from the Central Bank of Nigeria. According to figures obtained the CBN, the currency…
Tag: CBN
To Tinubu’s special investigator: Uncover CBN, NNPCL mess, economists—Groups
Economists and civil society organisations have backed the appointment of a special investigator to probe the Central Bank of Nigeria, Nigerian National Petroleum Corporation Limited and other Government Business Entities by President…
Tinubu Orders Probe Of CBN, Others, Appoints Special Investigator
VAM News Update President Bola Tinubu has appointed Jim Osayande Obazee as Special Investigator to probe the Central Bank of Nigeria (CBN) and Related Entities. Obazee was the Chief Executive Officer, Financial…
CBN: Gradual phasing out of old naira notes continues
The Central Bank of Nigeria has reaffirmed its commitment to gradually phase out the old N200, N500, and N1,000 naira notes while issuing new currencies. This announcement was made by the…
CBN speaks on old naira, new notes as means of financial transaction in Nigeria
VAM News Update THE Central Bank of Nigeria (CBN) says plans to gradually phase out the old N200, N500, and N1,000 naira notes are ongoing, as new notes are still being issued….
BREAKING: CBN lifts ban on Bamboo, Nairabet, AbokiFX, 437 accounts
The Central Bank of Nigeria has directed banks to vacate a post-no-debit restriction placed on the bank accounts of 440 individuals and companies. A post-no-debit means that all debit transactions, including…
BREAKING: CBN vows to tackle forex pressure, raises lending rate
The acting Governor, Central Bank of Nigeria, Folashodun Shonubi, has said the bank will address the demand pressure on the country’s exchange rate, as the naira continued to slide against the dollar….
CBN hikes interest rate to 18.75%
VAM News Update THE policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 18.5 percent to 18.75 percent. Last week,…
CBN Orders Banks To Obtain Customers’ Social Media Handles, Home Details
VOICE AIR MEDIA News Update THE Central Bank of Nigeria has mandated Financial Institutions to obtain the social media handle, e-mail addresses, telephone numbers, residential addresses, and more of their customers. This…
CBN Lifts Restriction On Cash Deposit, Certain Withdrawals On Domiciliary Accounts
VOICE AIR MEDIA News Update THE Central Bank of Nigeria (CBN) has said cash deposits into domiciliary accounts will no longer be restricted. The apex bank said this in guidance to Deposit…