Tag: CBN
CBN approves naira stablecoin, to launch February 27
The Central Bank of Nigeria has approved the launch of the Nigerian naira stablecoin. The cNGN, which will be launched on February ...Your money is safe in Nigerian banks, CBN assures depositors
The Central Bank of Nigeria has assured depositors of the safety of their funds in the country’s financial institutions. In a statement ...CBN blames hoarding for naira scarcity, says ‘N3.4 trillion in circulation’
The Central Bank of Nigeria says it is addressing the reported cases of cash scarcity in some parts of the country. Speaking ...CBN suspends charges on large cash deposits
The Central Bank of Nigeria has suspended the processing fees on large cash deposits, a statement by the acting Director of Supervision, ...CBN to freeze bank accounts without BVN, NIN from March 2024
The Central Bank of Nigeria has accounts without a bank verification number or national identification number will be restricted from March 1, ...CBN pumped N10tn into economy through quasi-fiscal activities – Cardoso
The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has stated that previous administrations of the bank implemented quasi-fiscal policies ...Old naira notes remain legal tender indefinitely – CBN
The Central Bank of Nigeria says the old N200, N500, and N1,000 notes are to remain legal tender indefinitely. While new currency ...Saudi Arabia pledges to invest in Nigeria’s refineries, support CBN – FG
The Saudi Arabian government has promised to invest in the revamping of Nigeria’s refineries, according to the Minister of Information and Communication ...Old Naira Notes Remain Legal Tender – CBN
The Central Bank of Nigeria has warned against the rejection of any bank notes it has issued in line with the provision ...CBN debunks naira scarcity, says its working to ensure seamless cash circulation
The Central Bank of Nigeria on Thursday debunked rumours of naira scarcity in the country, amid reports that there is no sufficient ...