Tag: CBN
Ajami: Sanusi confirms Arabic inscription will remain on redesigned naira notes
Former governor of the Central Bank of Nigeria (CBN) Lamido Sanusi has quelled speculations that the bank could remove Arabic inscription, also known as...
We don’t owe finance minister consultation on naira redesign — CBN
The Central Bank of Nigeria (CBN) has said that President Muhammadu Buhari gave approval for the naira redesign plan.
This is coming as a response...
Finance minister dissociates self from CBN naira redesign plan
Minister of finance, budget and national planning Zainab Ahmed has said that the Central Bank of Nigeria acted alone in its decision to redesign...
Naira notes: UBA opens Saturdays for deposits only
The United Bank for Africa (UBA) Plc has said it will keep its doors open on Saturday for customers to deposit their existing naira...
CBN, AMCON sell Polaris Bank to new investor
The Central Bank of Nigeria (CBN) and the Asset Management Corporation of Nigeria (AMCON) on Thursday announced that Strategic Capital Investment Limited (SCIL) has...
Reps direct CBN to suspend sale of Polaris Bank
The House of Representatives has directed the Central Bank of Nigeria (CBN) to suspend the sale of Polaris Bank Plc with immediate effect.
The resolution...
Why Emefiele was not removed as CBN governor – Buhari
President Muhammadu Buhari has said that the governor of the Central Bank of Nigeria Godwin Emefiele was not removed because his presidential bid did...
Emefiele not sacked as CBN governor – Spokesman
The Central Bank of Nigeria (CBN) has debunked rumour that its governor Godwin Emefiele has been sacked.
The rumour followed the decision of the CBN...
MTN’s MoMo Payment Service Bank officially commences operations
MTN Nigeria’s fintech subsidiary, MoMo Payment Service Bank (MoMo PSB) Limited, on Thursday formally commenced operations.
This follows a successful pilot initiated on May 16,...
Court dismisses restraining order against sacking Emefiele over 2023 presidency
A Delta State High Court sitting in Kwale has discharged an order restraining the board of the Central Bank of Nigeria from initiating a...