Central bank of Nigeria

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The Central Bank of Nigeria has insisted that there is no going back on the January 31 deadline for the old 200, 500 and 1,000 naira notes, as they will cease to be legal tender in the country. The CBN Governor Godwin Emefiele reiterated the apex bank’s stance after the Monetary Policy Committee meeting in […]

Ahead of the January 31 deadline for the circulation of the old 200, 500, and 1000 naira notes, the Governors of the 36 states will reportedly meet with the Central Bank of Nigeria, Godwin Emefiele, on Thursday over the present withdrawal policy and the redesigned naira notes. The governors under the auspices of the Nigeria […]

The Central Bank of Nigeria (CBN) policy on N500,000  and N5million weekly cash withdrawal  limits for individuals and corporate organizations took effect today, with some bank customers in Abuja expressing reservations on its effects on transactions, especially in rural areas. This was in line with the directive by the CBN for which all commercial banks […]

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