The House of Representatives has invited the CBN governor to brief the house about the new policy.
Nigeria does not have the infrastructure to run a cashless society given the size of cash transactions done daily.
More Nigerians embrace eNaira wallet as CBN takes adoption campaign across the nation
Nigerians can no longer withdraw more than N20,000 a day
The Central Bank Of Nigeria has imposed fresh cash withdrawal limits across all financial channels. The withdrawal which takes effect from January 9, 2023, will affect...
The official foreign exchange receipt from crude oil sales into Nigeria’s official reserves has dried up steadily from above US$3.0 billion monthly in 2014 to an...
The Central Bank of Nigeria (CBN) has denied plans to print N5,000 denominations
CBN expects inflation to moderate in 2023
Godwin Emefiele has said the central bank will engage the service of both EFCC and ICPC to monitor large withdrawals from banks.
The central bank will henceforth redesign the nation's legal tender every five to eight years