The Central Bank of Nigeria‘s (CBN) redesigned policy has resulted in a significant drop in the total amount of currency-in-circulation in the country. According to figures...
The Central Bank of Nigeria (CBN) has revised the regulatory requirements for the tenure of Executive Management and Non-executive Directors (NEDs) of deposit money banks (DMB)...
Deposit Money Banks (DMBs) in Nigeria have announced they will be closing early on Friday, a day ahead of the presidential polls holding nationwide on Saturday....
The Central Bank of Nigeria’s (CBN) cashless policy, which aims to reduce the amount of cash in circulation, has faced challenges due to unreliable digital banking...
The increasing inflation in Nigeria has multiplied the suffering of its citizens as 133 million Nigerians are currently living below the poverty line, the Lagos Chamber...
Kaduna State Governor Nasir el-Rufai has accused the Central Bank of Nigeria (CBN) of withdrawing N2 trillion from circulation and replacing it with only N400 billion,...
A large crowd has gathered at the Central Bank of Nigeria (CBN) office in Marina, Lagos, as Nigerians attempt to swap old N500 and N1000 notes...
Nigerians are currently in a state of confusion over where to deposit their old N1000 and N500 notes. This development comes after conflicting announcements from Deposit...
The Central Bank of Nigeria (CBN) has directed commercial banks to collect old N500 and N1000 notes from their customers who have enrolled and generated reference...
Nigeria’s Lagos-Ibadan Expressway has been thrown into chaos, as protests broke out over the scarcity of naira currency notes. The protests, which began on Friday morning,...