CBN revokes license of 132 Microfinance banks
The Central Bank of Nigeria (CBN) has revoked the operating licenses of 132 Microfinance Banks, three finance companies and four primary mortgage banks. The list...
Labour extends ultimatum to CBN to end cash crunch by 2 weeks
The Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) on Tuesday extended the ultimatum issued to CBN to make naira available in...
NLC declares nationwide strike
The Nigeria Labour Congress (NLC) has directed public sector workers in the country to embark on strike. The strike is billed to commence on Wednesday...
CBN raises interest rate to 18%
The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rates, from 17.5 percent...
Old naira notes remain legal tender — CBN
The Central Bank of Nigeria (CBN) says the old N200, N500, and N1000 notes will remain legal tender until December 31, 2023. Isa Abdulmumin, CBN...
Naira Notes: CBN doesn’t need my directives on Supreme Court’s ruling —Buhari
President Muhammadu Buhari has said the Central Bank of Nigeria (CBN) does not need his directives before it complies with the Supreme Court ruling...
CBN gives stance on recirculation of old Naira notes
The Central Bank of Nigeria has cleared the air by directing commercial banks to dispense and accept the deposit of old Naira notes amid...
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