Central bank of Nigeria

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The Kaduna State governor, Nasir El-Rufai has again come hard on the presidency, saying he no longer believes in the leadership of President Muhammadu Buhari. Recall that sequel to the recent cash policy by the Central Bank of Nigeria, CBN, the governor had raised the alarm that some elements in the presidency were working against […]

The Police Command in Oyo State says it has arrested some suspected hoodlums for allegedly stockpiling and smuggling arms into the state to cause violence, under the guise of peaceful protest over naira notes and fuel scarcity. The Commissioner of Police in the state, Adebowale Williams, made this known during a security summit, organised by […]

The Federal Government has said it would obey the ruling of the Supreme Court suspending the February 10 deadline given by the Central Bank of Nigeria, CBN on the exchange of naira notes. Recall that the apex court in its ruling on Wednesday, suspended the February 10 deadline on the old naira notes which expires today. […]

The Central Bank of Nigeria CBN has said it would not allow itself to be seen as derailing the forthcoming general election, promising to do all within its mandate to assist the Independent National Electoral Commission INEC to deliver free, fair, credible, and inclusive polls. According to the apex bank, it would bend backward to […]

The Inspector-General of Police, Usman Baba, orders the arrest and subsequent prosecution of all individuals engaged in the sale or abuse of Naira notes issued by the Central Bank of Nigeria. He directed the Deputy Inspector-General of Police in charge of the Force Criminal Investigations Department and the Assistant Inspector-General of Police in charge of […]

President Muhammadu Buhari on Friday urged citizens to give him seven days to resolve the cash crunch that has become a problem across the country from the Central Bank of Nigeria policy to change high-value naira notes with new ones. Speaking to the Progressive Governors’ Forum who paid him a visit at the Presidential Villa […]

The Central Bank of Nigeria (CBN) insists that there are enough newly redesigned notes for Nigerians. Officials of the bank on a sensitization tour to Adamawa State made the assertion in the state capital, Yola, asserting that deposit money banks only had to place a request for the new notes to be given. Director of the Internal […]

Many traders at the weekend  closed their doors for business following high rejection of old naira in Kwara state and Nigeria at large. Royal times  gathered that there has been misunderstanding within the metropolise  over  collection of the old note  by traders. With few weeks to the final withdrawal of the old  Naira notes from […]

The House of Representatives Ad hoc Committee on new naira re-design and naira swap policy has added a new twist to the controversy surrounding the deadline for the validity of old notes by rejecting the ten days extension granted by the Central Bank of Nigeria for the exchange. The committee described the extension as a […]

The Governor of the Central Bank of Nigeria, Godwin Emefiele has said the recent release of three redesigned naira notes has somehow reduced kidnapping and ransom-taking by armed men.  The CBN governor, who spoke after the apex bank’s Monetary Policy Committee (MPC) meeting in Abuja on Tuesday, also said there is no going back on its January […]

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