Tag: Central Bank of Nigeria
CBN To Nigerians: Your Old Naira Notes Remain Legal Tender Indefinitely
The Central Bank of Nigeria has extended the validity of the old N200, N500 and N1,000 notes indefinitely and has therefore, asked the people...
CBN To Nigerians: Old, New Naira Notes Remain Legal Tenders
The Central Bank of Nigeria (CBN) has reiterated that all denominations of naira notes it issued remain legal tender and should be accepted as...
CBN: We’ve No Plan To Redenominate, Restructure Naira
The Central Bank of Nigeria has said that it has no plan to redenominate or restructure the naira notes in 2024.
The apex bank said...
NESS Collection: CBN Grants Approval To Parallex Bank
The Central Bank of Nigeria has granted approval for Parallex Bank to collect Nigeria Export Supervision Scheme fees.
The approval was given in a circular...
Forex Restrictions On Importation Of 43 Items Lifted By CBN
The Central Bank of Nigeria (CBN) has finally lifted the foreign exchange restrictions it placed importers of 43 items eight years ago.
The CBN in...
Lemo To CBN: Clear Forex Backlog To Boost Naira Confidence
A former Deputy Governor, Central Bank of Nigeria, Dr Tunde Lemo, has advised against the free floating of the naira.
He said this while speaking...
How Tinubu’s Govt Spent N912.32bn To Service CBN Loan In Three...
The President Bola Tinubu-led Federal Government paid an interest of N912.32bn in the first quarter of 2023 on the loans it got from the...
As Naira Depreciates, External Debt Rises To N13tn
General investigations have shown that Nigeria’s weak naira has pushed the country’s external debt up by N13.38tn.
Although the total external debt increased by $490m...
Why We Are Planning To Open 12 New Branches – Parallex...
The Managing Director of Parallex Bank, Olufemi Bakre, has said that the disruption to the banking industry from financial technology sector will have no...
Online Platform For Licensing MFBs Launched By CBN
The Central Bank of Nigeria (CBN) has launched a new online platform called the CBN Licensing, Approval and Other Requests Portal (CBN LARP) for...
