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Banking and Finance

Banks are not collecting new notes, CBN says as deadline nears

THE Central Bank of Nigeria (CBN) has revealed that commercial banks are refusing to collect the new naira notes. The apex bank had directed the...

Nigeria’s debts have exceeded limit, contravened law – Adebajo

THE chief executive of CFG Advisory, Adetilewa Adebajo, says borrowings by the Debt Management Office (DMO) have exceeded the limit, and have consequently contravened...

Redesigned Currency: CBN to monitor, enforce circulation by commercial banks

Three weeks to the expiration in legal tender of the N200, N500 and N1000 old currencies, the Central Bank of Nigeria (CBN) said it...
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Tips for developing and managing your budget – even in tough economic times

By Oluwabunmi Adejumo, Obafemi Awolowo University There’s nothing quite like a new year to prompt us to take stock of our lives, our health, our...

CBN reconsiders policy on withdrawals, raises limits

THE Central Bank of Nigeria (CBN) has reviewed upward its cash withdrawal limit directive, 15 days after issuing the policy. The apex bank had on...

N100,000 weekly withdrawal limit will cripple businesses – NECA

NIGERIA Employers Consultative Association (NECA) has said the N100,000 cash withdrawal limit announced by the Central Bank of Nigeria (CBN) will cripple businesses. The CBN...
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Naira redesign: 85% of currency in circulation outside banking system – Emefiele

GOVERNOR of the Central Bank of Nigeria (CBN) Godwin Emefiele has revealed that 85 per cent of the currency in circulation in Nigeria was outside the banking...

Here is how CBN violates own Act, Fiscal Responsibility Act

THE Central Bank of Nigeria (CBN) has been violating Section 38 of its own Act by overlending the sum of $49.2 billion to the...

CBN, AMCON sell Polaris Bank to new investor, SCIL

THE Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have announced the sale of Polaris Bank to its new...
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Here are ways redesigning the naira notes will affect you

THE Central Bank of Nigeria's (CBN) redesigning of select...