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CBN to Sack 1,000 Staff, Create Room for Cronies, Offers N50bn Payoff

December 2, 2024 Jake Clifford

1000 staff will be sacked to Create Room for Cronies. In the absence of any last-minute adjustments, the Central Bank of Nigeria (CBN) is expected to dismiss approximately 1,000 of…

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CBN Maintains 5% Ways and Means Limit, Rejects National Assembly’s Proposal

September 17, 2024 Musa Jibril

The Central Bank of Nigeria (CBN) has decided to uphold the Ways and Means Advances limit to the federal government at 5% for the fiscal years 2024-2025. This decision comes…

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BREAKING: CBN to sanction banks , Details Inside

July 2, 2024 Chiamaka Chinonso

CBN Threatens to Sanction Banks for Rejecting Old and Small Denominations of US Dollars.  The Central Bank of Nigeria (CBN) has issued a warning to Deposit Money Banks (DMBs) against…

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CBN Halts Use of Foreign Currencies as Collateral for Naira Loans

April 8, 2024 Omajemite Don

The Central Bank of Nigeria (CBN) has issued a directive instructing banks to cease accepting foreign currency as collateral for loans denominated in naira. This directive, communicated via a circular…

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CBN sacks over 40 top directors, deputy directors, assistant directors

April 8, 2024 Omajemite Don

Major shake-up as CBN sacks over 40 top directors, deputy directors, and assistant directors In a significant move, the Central Bank of Nigeria (CBN) has reportedly terminated the employment of…

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CBN Issues New Order to Banks, Wallets on BVN, NIN: What Does It Mean for Nigerians?

December 2, 2023 Omajemite Don

Banks Anticipate Rush as CBN Enforces BVN and NIN Requirements.   The Central Bank of Nigeria (CBN) has directed commercial banks to impose a “post no debit” restriction on accounts…

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Full List: Tinubu Lifts 43 Items Previously Banned by CBN in 2015

October 13, 2023 Musa Jibril

Tinubu’s Govt Lifts 43 Items Banned by CBN  in 2015. To address Nigeria’s foreign exchange crisis, the Central Bank of Nigeria (CBN) has lifted the ban on 43 items that…

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Banking Job, News Now

Godwin Emefiele Gives New Directive To 15 Bank Executives Over Old Naira Notes

February 16, 2023 Omajemite Don

Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), has met with 15 bank executives and instructed them to make the old 200 naira notes available beginning Thursday…

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Business news

Heavy protest in Ogun as angry youth block road, attempt to burn down GTbank over naira notes scarcity  

February 7, 2023 Jake Clifford

Heavy protest in Ogun as angry youth block road, attempt to burn down GTbank        Some youths in Abeokuta, the Ogun State capital on Tuesday, ran out of…

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Business news

CBN replies Tinubu over campaign rally comment on hoarding of New naira notes

January 28, 2023 Jake Clifford

CBN has replied Bola Tinubu over campaign rally comment on hoarding of New naira notes.   The Central Bank of Nigeria (CBN) has stated that the policy of the redesigned…

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Business news

CBN domestic card all you need to know

January 26, 2023 Jake Clifford

CBN  domestic card has been unveiled.   The Nigerian National Domestic Card program was introduced on Thursday by Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), and…

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Business news

JUST IN: CBN Bars PoS Operators In Abuja, Lagos from cash swap

January 24, 2023 Jake Clifford

CBN has banned Mobile money/ point of sales agents in Abuja and Lagos from swap programme.       Mobile money/Point of Sales agents in Abuja and Lagos have been…

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Business news

BREAKING: CBN shuns Senate, refuses to extend deadline for old naira notes

January 24, 2023 Jake Clifford

CBN has refused to extend deadline for old naira notes   The Central Bank of Nigeria (CBN) has foreclosed the possibility of extending or shifting the deadline on the deposit…

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Replacing CBN Governor Godwin Emefiele Will Not Address Inflation, Economic Woes — Peter Obi 

January 17, 2023 Jake Clifford

Peter Obi has said that replacing CBN Governor Godwin Emefiele will not address the level of fiscal rascality fueling inflation and other economic woes.     The Labour Party Presidential…

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Business news

CBN Reels out Method to Identify fake Naira notes; Security features of New Naira Notes

December 20, 2022 Media Partner

How to know fake Naira notes; security features — CBN The Central Bank of Nigeria, also known as the CBN, has disclosed information regarding the design and placement of the…

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Business news

BREAKING: CBN Reduces Over-The-Counter Withdrawals To N100k, N500k Per Week For Individuals And Companies

December 6, 2022 Jake Clifford

CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals and companies   The revised cash withdrawal limit was released today in a statement issued by the apex bank.…

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