Central bank of Nigeria

The Central Bank of Nigeria (CBN), on Thursday debunked the claim that it has devalued the naira to six hundred and thirty-one naira per dollar at the Importers and Exporters’ (I&E) window. Recall that it was earlier reported that the CBN devalued the Naira to  six hundred and thirty-one naira to the dollar from four […]

To avert strike and picketing of the Central Bank of Nigeria (CBN) offices nationwide by members of the Nigeria Labour Congress (NLC), the Minister of Labour and Employment, Dr. Chris Ngige, on Monday, met with the President of NLC, Joe Ajaero, and top officials of the CBN, led by Governor Godwin Emefiele. Ngige, who received […]

Following the directive of Central bank of Nigeria to commercial banks to load Automated Teller Machines (ATMs) with cash and conduct physical operations in the banking halls through the weekends, the persistence long queues in banks and naira scarcity in Kwara state has reduced as residents can now  withdraw money at the ATMs with ease. […]

The leadership of Nigeria Labour Congress (NLC), is directing all workers to picket all the offices of the Central Bank of Nigeria nationwide starting from next week over the current cash crunch in the country. NLC President, Joe Ajaero, gave the directive during a press conference in Abuja today. The labour leader said the directive […]

Kaduna residents flooded commercial banks on Tuesday following the Central Bank of Nigeria’s directive that old N500, and N1,000 notes should remain valid legal tender until December 31. According to reports, many commercial banks’ gates were full before 8:00 am, with customers optimistic that their sufferings have come to an end. One of the residents, […]

The Independent National Electoral Commission (INEC) says it has taken possession of a “substantial part” of the cash it requested of the Central Bank of Nigeria (CBN) amid the naira scarcity. The INEC Chairman, Prof. Mahmood Yakubu, confirmed receipt of the funds on Thursday during a press conference in Abuja on the commission’s activities two […]

The Independent National Electoral Commission has expressed hope that its cash request presented to the Central Bank of Nigeria would be met on or before Tuesday. INEC National Commissioner and Chairman of its Committee on Information and Voter Education, Festus Okoye, disclosed this to newsmen. The commission had earlier said it presented its cash requirement […]

The ruling All Progressives Congress (APC) has advised the Federal Government and the Central Bank of Nigeria (CBN) to respect the Supreme Court order of Interim injunction on the implementation of the cash swap. The National Working Committee (NWC) of the party after a meeting with Governors elected on the platform of the party and […]

Armed policemen have taken over the premises of the Central Bank of Nigeria (CBN) located in the Alagbaka area of Akure, the Ondo state capital, following a siege on the facility by some bank customers. Daily Trust reports that scores of aggrieved bank customers had in the early hours of Tuesday stormed the CBN office […]

The Central Bank of Nigeria (CBN) has declared that the old N200, N500 and N1000 have ceased being legal tender since February 10, 2023. It could be recalled that CBN had originally fixed January 31 as the deadline for old notes to be in circulation but extended it in response to pressure from Nigerians. However, […]

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