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Tag "central bank of nigeria"

Inflation: Tightening monetary rates yielding desired effect, says CBN

    Inflation: Tightening monetary rates yielding desired effect, says CBN

Isa AbdulMumin, director of corporate communications at the Central Bank of Nigeria (CBN), says he believes that the low rate of inflation growth in October 2023 compared to September 2023

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Rethink anti-inflation strategies, Afrinvest tells FG, CBN

    Rethink anti-inflation strategies, Afrinvest tells FG, CBN

To address the surging inflation rate in Nigeria, Ike Chioke, managing director, Afrinvest West Africa Limited, says the federal government and the Central Bank of Nigeria (CBN) should rethink their

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Old naira notes will remain legal tender indefinitely, says CBN

    Old naira notes will remain legal tender indefinitely, says CBN

The Central Bank of Nigeria (CBN) says the old naira notes will remain legal tender beyond December 31, 2023 — and no longer have a deadline. CBN said this in

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CBN: No one should reject old naira | All banknotes legal

    CBN: No one should reject old naira | All banknotes legal

The Central Bank of Nigeria (CBN) says that all banknotes remain legal tender after reports of anxiety among some members of the public over the legality of old naira banknotes.

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High volume withdrawals causing cash scarcity in some locations, says CBN

  High volume withdrawals causing cash scarcity in some locations, says CBN

The Central Bank of Nigeria (CBN) says there is sufficient cash for economic activities after reports of scarcity in some

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CBN begins clearing of FX forward backlog

  CBN begins clearing of FX forward backlog

The Central Bank of Nigeria (CBN) has started clearing the foreign exchange (FX) forwards backlog in banks. Payment commenced on

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No plans to redenominate naira, says CBN

  No plans to redenominate naira, says CBN

The Central Bank of Nigeria (CBN) says there are no plans to redenominate the country’s legal tender, the naira. The

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Bola Ahmed Tinubu: Why I cannot laugh

  Bola Ahmed Tinubu: Why I cannot laugh

If it were not biting me alongside millions of Nigerians, I would have been laughing today. The seeming helplessness and

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APPLY: CBN invites courier service providers for mail handling, distribution

  APPLY: CBN invites courier service providers for mail handling, distribution

The Central Bank of Nigeria (CBN) has requested proposals for the provision of courier services to its organisation. The apex

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Cheque rejections: CBN directs banks to fix processing equipment or face sanctions

  Cheque rejections: CBN directs banks to fix processing equipment or face sanctions

The Central Bank of Nigeria (CBN) has directed banks to reduce the number of cheque rejections caused by magnetic ink

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