Cbn Cashless Policy 2023

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 a statement released…
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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%. This action follows the March increase of…
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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 of the naira and the cash withdrawal policy. This…
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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) discovered N6 million of the new naira notes hoarded in the…
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New Naira Notes Scarcity: CBN Issues Fresh Directive To Commercial Banks Regardless of the amount withdrawn, the Central Bank of Nigeria (CBN) has ordered all commercial banks to pay customers over the counter in N100, N50, N20, N10, and…
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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 of Nigeria (CBN) had announced its intention to collaborate with…
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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 (PACAC), Prof. Itse Sagay…
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