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CATEGORY

Economy

No Shifting of February 10 Old Naira Note Deadline, Emefiele Insists

The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says there is no going back on the February 10, 2023 deadline for...

Old Naira Notes Lose Legitimacy Despite Supreme Court’s Ex-parte Order

The old Naira notes of N200, N500 and N1000 have lost their legitimacy in the eyes of the public such that even courts are...

IMF Urges CBN to Stop Full Financing of FG’s Fiscal Deficits

The International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to go beyond recent increases in the policy rate to implement...

Three APC Governors Sue FG Over Naira Scarcity

Three governors of the ruling All Progressives Congress (APC) have sued the Federal Government over the naira redesign policy of the Central Bank of...

Naira Redesign: Masses Bear Brunt as New Notes Unavailable at Banks, ATMs

…PoS Operators Charge 20% for Naira withdrawals By Nath Gbaoron, Lafia, Abdulwaheed Olayinka Adubi, Kaduna and George Kajo, Makurdi Nigerian masses are the ones mostly bearing...

Frustrations as Banks Fail to Pay Cash Over the Counter, ATMs Empty

It was another frustrating day for Nigerian Bank customers as most banks visited by our correspondent in the Lagos metropolis were refusing to pay...

CBN Directs Banks to Pay Redesigned Naira Notes over the Counter

The Central Bank of Nigeria (CBN) in a bid to address the long queues at Automated Teller Machines nationwide directed Deposit Money Banks to...

IMF Hikes Global Growth Forecast as Inflation Cools and Household Spending Surprises

The International Monetary Fund (IMF) on Monday revised upward its global growth projections for the year, but warned that higher interest rates and Russia’s...

Don’t Pay New Notes Over the Counter Emefiele Instructs Bank CEO’s at Banker’s Committee

At the CBN Bankers Committee meeting held on Monday (30th January, 2023), sources told MoneyCentral that the CBN Governor Godwin Emefiele instructed Bank CEOs...

CBN Extends Deadline for Use of Old Naira Notes Till February 10

The Central Bank of Nigeria (CBN) has extended the deadline for the use of the old naira notes till February 10. CBN Governor, Godwin Emefiele,...

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