cbn
-
Nigeria CBN Unveils Reasons Behind Naira Scarcity
In response to a surge in complaints about the scarcity of naira notes across various channels, the Central Bank of Nigeria (CBN) has clarified the underlying reasons behind the issue. According to a statement from the CBN's Corporate Communications Department, the apparent currency scarcity...- Nigeria News
- Article
- 1 min read
- atm cbn channels tv news naira scarcity pos
- Category: Business
-
Nigeria Central Bank Sounds Alarm as Counterfeit Naira Floods Major Cities
The Central Bank of Nigeria (CBN) issues a stern warning to banks concerning the proliferation of counterfeit naira banknotes, particularly in major cities. The acting director of corporate communications, Hakama Sidi Ali, emphasized the prevalence of these fake notes in transactions within...- Nigeria News
- Article
- 1 min read
- cbn new naira notes
- Category: Business
-
Nigeria Naira Shortage Hits Abuja: ATMs Struggle as Residents Navigate Cash Crunch Before Christmas
In the lead-up to Christmas, certain areas of the Federal Capital Territory (FCT), particularly in the AYA region of Abuja, are facing a shortage of Naira. Seven commercial banks in the area have reported difficulties in dispensing cash, with ATMs proving unresponsive for about a week. A DAILY...- Nigeria News
- Article
- 1 min read
- atm issues cbn fct naira scarcity nyesom wike pos
- Category: Business
-
Nigeria Arrest Warrants Issued for CBN Governor Cardoso and Accountant General over Refusal to Face House Committee
The House of Representatives Committee on Public Petition has escalated its confrontation with top government officials, issuing a warrant of arrest for Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), and Oluwatoyin Madein, the Accountant General of the Federation. The committee...- Nigeria News
- Article
- 1 min read
- cbn channels tv house of reps yemi cardoso
- Category: Politics
-
Nigeria Naira Plummets by 11.40% to N927.19/$ at Official Exchange Market Despite CBN's Stabilization Efforts
The Nigerian Naira experienced a significant 11.40% depreciation, landing at N927.19 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the official exchange rate window. This marks a notable drop from the previous day's rate of N832.32. FMDQ Securities Exchange data...- Nigeria News
- Article
- 1 min read
- cbn channels tv exchabge rate today naira to dollsr exchange rate today yemi cardoso
- Category: Business
-
Nigeria CBN to Freeze Accounts Without BVN or NIN from April 2024, Sparks Nationwide Concerns
The Central Bank of Nigeria (CBN) has issued a circular outlining its plans to freeze accounts lacking a Bank Verification Number (BVN) or National Identification Number (NIN) starting April 2024. The announcement, detailed in a Friday circular, revealed that a BVN or NIN verification process...- Nigeria News
- Article
- 2 min read
- bvn cbn monetary policy
- Category: Business
-
Nigeria Former NIRSAL Chief in Custody for N5.6bn Wheat Project Fraud Nearly a Year Post-Dismissal
Aliyu Abdulhameed, the former Managing Director of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), has been apprehended almost a year after his dismissal. Daily Trust's exclusive report reveals that Abdulhameed's arrest comes in the aftermath of a high-stakes...- Nigeria News
- Article
- 2 min read
- aliyu abdulhameed arise tv cbn ex-nirsal boss former nirsal boss
- Category: Politics
-
Nigeria CBN Initiates Overhaul of Fintech Licensing Framework in Response to Evolving Landscape
The Central Bank of Nigeria (CBN) has announced its intention to conduct a comprehensive review of its licensing framework for payment services. CBN Governor, Olayemi Cardoso, highlighted concerns about recent developments in the payment services sector, emphasizing the need for a regulatory and...- Nigeria News
- Article
- 1 min read
- cbn cbn governor yemi cardoso
- Category: Business
-
Nigeria Nationwide Naira Scarcity: Banks Ration Cash in Kano, Sokoto, Edo, and More
In defiance of recent Central Bank assurances, reports of a renewed Naira scarcity have emerged across several states, including Abuja, Lagos, Kano, Kwara, Gombe, Edo, Sokoto, and Ekiti. The PUNCH's survey exposed the challenges faced by bank customers and Point of Sale operators, who bemoan...- Nigeria News
- Article
- 1 min read
- cbn channels tv monetary policy naira scarcity yemi cardoso
- Category: Business
-
Nigeria Ex-CBN Governor Emefiele Arraigned on N1.6bn Procurement Fraud Allegations
The federal Government has officially arraigned the immediate past Governor of the Central Bank of Nigeria, Godwin Emefiele, on a six-count charge amounting to N1.6 billion in an alleged procurement scandal. Initially facing 20 counts totaling N6.5 billion, Emefiele is now the sole defendant in...- Nigeria News
- Article
- 1 min read
- cbn channels tv former cbn governor godwin emefiele
- Category: Politics
-
Nigeria FG Reduces Charges in Emefiele's Procurement Fraud Case,
The federal government has revised the criminal charges against Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), marking a significant turn in the ongoing procurement fraud case. Initially facing a 20-count charge, Emefiele's arraignment has been delayed multiple times...- Nigeria News
- Article
- 1 min read
- cbn channels tv former cbn governor godwin emefiele
- Category: Politics
-
Nigeria CBN: Old Naira Notes Stay Legal Tender, Easing Cash Woes for Nigerians
Central Bank of Nigeria (CBN) has declared that the old naira notes, initially slated for discontinuation, will now remain legal tender indefinitely. The CBN's decision to extend the legal tender status comes in the wake of concerns over cash scarcity and challenges faced by residents in...- Nigeria News
- Article
- 2 min read
- cbn monetary policy naira scarcity yemi cardoso
- Category: Business
-
Nigeria Naira Strengthens by 21.73%, Hits N780/$ in a Week
Nigerian Naira showcased a notable recovery, closing at N780.14 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday. This rate reflects a remarkable 21.73% rebound from the previous week's figure of N996. According to data from FMDQ Securities Exchange, a platform...- Nigeria News
- Article
- 1 min read
- cbn channels tv monetray policy nafem
- Category: Business
-
Nigeria CBN Revokes Licences for 110 Microfinance Banks and 3 Primary Mortgage Banks
In the aftermath of the Central Bank of Nigeria's (CBN) recent revocation of licences from 110 microfinance banks (MFBs) and three primary mortgage banks (PMBs), the Nigeria Deposit Insurance Corporation (NDIC) has swiftly disbursed N1.39 billion to 36,163 depositors. NDIC CEO Bello Hassan...- Nigeria News
- Article
- 1 min read
- bello hassan cbn ndic
- Category: Business
-
Nigeria CBN Orders Staff to Disclose Family Ties and Political Links Amidst Ongoing Investigative Probe
The Central Bank of Nigeria (CBN) has issued a directive compelling its staff to declare close relatives employed by the bank and disclose connections with Politically Exposed Persons (PEPs). The directive, outlined in a memo signed by Deputy Director Christian Eze, defines close relatives as...- Nigeria News
- Article
- 1 min read
- bola tinubu cbn yemi cardoso
- Category: Business
-
Nigeria Naira Faces Sharp Depreciation, Closes at N996/$ at NAFEM
Nigerian Naira experienced a sharp depreciation of 13.95 percent, closing at N996 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the official exchange rate window. FMDQ Securities Exchange data revealed the Naira's tumultuous journey, reaching an intra-day high of N1,100...- Nigeria News
- Article
- 1 min read
- cbn exchange rate today fmdq nafem
- Category: Business
-
Nigeria Former CBN Governor Godwin Emefiele Released on Bail After 151 Days in Detention
Detained former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has been released on bail after spending 151 days in custody. The Abuja High Court ordered his release, despite objections from the Attorney-General of the Federation and the Economic and Financial Crimes Commission...- Nigeria News
- Article
- 1 min read
- cbn former cbn governor godwin emefiele pulse news
- Category: Metro
-
Nigeria Old Naira notes still legal tender - CBN
In response to reports of cash shortages in some major cities across Nigeria, the Central Bank of Nigeria (CBN) has taken a resolute stance to ensure that old and redesigned naira notes continue to be recognized as legal tender nationwide. The CBN reaffirms that every banknote it has issued...- Nigeria News
- Article
- 2 min read
- cbn channels tv new naira notes old naira notes yemi cardoso
- Category: Business
-
Nigeria Naira Gains Momentum on Promising Economic Outlook While P2P Market Sees Fluctuations
In a dynamic turn of events, the value of the Nigerian Naira witnessed significant fluctuations over the weekend. On the black market, the Naira surged, trading at N901 per dollar, a marked improvement from N1,050 the previous week. The cause of this surge was the optimistic outlook stemming...- Nigeria News
- Article
- 2 min read
- cbn exchange rate for dollar monetary policy
- Category: Business
-
Nigeria Nigerian Naira's Strengthens to ₦950/$ Amid CBN Actions"
In a remarkable turn of events, the Nigerian naira continued its impressive rebound against the US dollar on Friday, surging to an exchange rate of ₦950/$ in the parallel market. This marks a substantial gain of ₦170 or a 15.18% appreciation of the local currency compared to the ₦1,120/$ it...- Nigeria News
- Article
- 2 min read
- cbn exchange rate monetary policy
- Category: Business
About Nigerian Bulletin
Nigerian Bulletin is your gateway to top news, specialized lifestyle topics, and a unique, curated marketplace. It connects Nigerians worldwide with crucial updates and opportunities and is ideal for engaging press releases, effective sponsored posts, banner ads, and product showcases.