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Nigeria Unveils Redesigned Naira Notes

Nigeria on Wednesday launched newly designed currency notes, a move that the West African nation’s central bank says will help curb inflation and money laundering. The newly designed denominations of.

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Nigeria: CBN Set To Redesign Naira Notes, Gives Reasons

The Central Bank of Nigeria, CBN’s Governor, Godwin Emefiele, Wednesday declared that the bank would release re-designed naira notes by December 15, 2022. Emefiele said this during a special press.

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Nigeria: CBN Okays $120m Over Trapped Foreign Airlines funds

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele said the bank will release $120 million to settle outstanding trapped funds of International Airlines operating in the country..

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CBN Affirms Sale of Polaris Bank

The Central Bank of Nigeria (CBN) has announced the completion of the sale of Polaris Bank to Strategic Capital Investment Limited (SCIL). CBN’s Director of Corporate Communications, Osita Nwanisobi disclosed.

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Nigeria: FG Tasks CBN, NDIC On Economic Resilience

The Nigerian federal government has called on the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) to promote economic resilience despite economic challenges. The Minister of.

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Nigeria’s Central Bank Raises Interest Rate to 14%

The Monetary Policy Committee of the Central Bank of Nigeria, CBN, has unanimously voted to increase the benchmark interest rate (monetary policy rate) to 14% from 13%, being the second.

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Central Bank of Nigeria Grants AMAC MFB Operating Licence

The Central Bank of Nigeria (CBN) has given the Abuja Municipal Area Council (AMAC) a licence to operate a microfinance bank. The bank, which was commissioned last week by FCT.

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Central Bank of Nigeria to Float N1.02trn Fresh TBs in Q4’18

The Central Bank of Nigeria (CBN) said it will issue fresh treasury bills (TBs) worth N1.02 trillion in the fourth quarter (Q4’18) to replace maturing TBs of the same amount.

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Central Bank of Nigeria injects $303m, CNY 46.58m into forex market

The Central Bank of Nigeria, on Friday, injected the sum $303.91m into the interbank retail Secondary Market Intervention Sales segment of the foreign exchange market. The CBN said in a.

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