Cbn Cashless Policy 2023

Nigeria News Now

CBN Orders banks to resume forex trading

June 15, 2023 Media Partner

CBN announces unification of FX windows, abolishes Naira4Dollar scheme   The Nigerian Central Bank (CBN) has declared the unification of all segments of the Nigerian foreign exchange market.   In…

Read More →

Nigeria News Now

CBN Increases Interest Rate To 18.5% amidst hardship

May 24, 2023 Media Partner

CBN Increases Interest Rate To 18.5%  The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has unanimously decided to increase the monetary policy interest rate to 18.5%.…

Read More →

Nigeria News Now

CBN finally Breaks silence after Supreme Court Order on New Naira Deadline

February 9, 2023 Media Partner

New naira: We didn’t anticipate challenges, CBN admits On Thursday, the Central Bank of Nigeria said that they hadn’t planned for the ongoing shortage of cash due to the redesign…

Read More →

Nigeria News Now

CBN Parades Sterling Bank Officials For Hoarding New Naira Notes (Video)

February 5, 2023 Omajemite Don

CBN sanctioned Sterling Bank and paraded bank officials for hoarding new naira notes in a viral video. Ejes Gist News reports that officials of the Central Bank of Nigeria (CBN)…

Read More →

Nigeria News Now

CBN Issues Fresh Directive To Commercial Banks Over New Naira Notes

January 31, 2023 Media Partner

New Naira Notes Scarcity: CBN Issues Fresh Directive To Commercial Banks Regardless of the amount withdrawn, the Central Bank of Nigeria (CBN) has ordered all commercial banks to pay customers…

Read More →

Business news today in Nigeria

New Naira Notes: CBN Cash Swap Policy Suffers Major Setback

January 28, 2023 Omajemite Don

Due to the scarcity of new Naira notes, the Central Bank of Nigeria’s (CBN) cash swap programme with the Deposit Money Banks (DMBs) has suffered a setback. The Central Bank…

Read More →

Politics Today

Tinubu May Lose 2023 Presidential Election Because Of CBN’s Cashless Policy — APC Itse Sagay Warns

January 16, 2023 Jake Clifford

Itse Sagay has warned that Tinubu may not win the 2023 presidential election because of the CBN cashless withdrawal policy.     Chairman of the Presidential Advisory Committee Against Corruption…

Read More →