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Business

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...
Money Talks

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...
Breaking News

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...
Cover Stories

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...
Cover Stories

CBN appoints Isa Abdulmumin Director Communications

The Central Bank of Nigeria (CBN) last week announced the appointment of Dr. Isa Abdulmumin as the Acting Director, Corporate Communications Department. He takes over...
Cover Stories

What I will do to Naira redesign policy if elected —Kwankwaso

The presidential candidate of the New Nigeria People’s Party (NNPP), Rabiu Musa-Kwankwaso, has vowed to reverse the naira redesign policy of the Central Bank...
Cover Stories

Naira redesign will hurt politicians more —Sanusi

The 14th Emir of Kano and former Governor of the Central Bank of Nigeria (CBN), Muhammadu Sanusi II, has asked Nigerians to support the...
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