The Central Bank of Nigeria on Tuesday said that the old N100, N200, N1000 banknotes will remain a legal tender indefinitely. The Apex bank extended the Naira notes beyond the December 31, 2023 deadline issued by the former CBN governor, Emefiele. CBN introduced the redesigned N200, N500 and N1.000 denominations in October 2022 and December […]
Read More
The Central Bank of Nigeria (CBN) has dismissed rumours suggesting any plans for the redenomination of the Naira, set to take effect from January 2024. The response from the CBN comes in light of an assertion implying its intention to redenominate the nation’s official currency. In a statement signed by CBN’s Director of Corporate Communications, […]
Read More
President Bola Tinubu on Friday approved the nomination of four new Deputy Governors of the Central Bank of Nigeria pending confirmation by the Senate for a term of five years at the first instance. They are expected, when confirmed, to work with the newly appointed head of the Apex Bank, Yemi Cardoso. The PUNCH highlights […]
Read More
The Central Bank of Nigeria (CBN) has announced the abolishment of all forex segmentation, meaning there will be a single exchange rate in the country moving forward. It was noted that Nigeria’s multiple FX segments are now collapsed into the Investors and Exporters (I&E) window. This means the forex requests for medicals, school fees, BTA/PTA, […]
Read More
