Central Bank of Nigeria

Business and Economy

Will Nigeria replace Naira with Eco currency in 2027?

A viral claim circulating widely on WhatsApp, TikTok and other social media platforms suggests that Nigeria will abolish the...
Nurudeen AKEWUSHOLA -
Fact-Check

AI-generated images of ‘damaged’ Nigeria’s central bank building circulate online

A claim that the headquarters of Central Bank of Nigeria (CBN) has being destroyed has surfaced online. The claim, written...
Fatimah QUADRI -
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Banking and Finance

CBN blames cash scarcity on N4.3trillion outside banks’ vaults

NIGERIA could face further cash-scarcity as the Central Bank of Nigeria (CBN) has warned that rise in cash held...
Fatimah QUADRI -
Banking and Finance

CBN to fine banks issuing new notes to hawkers

THE Central Bank of Nigeria (CBN) said it will impose a N150 million fine per branch on deposit money...
Fatimah QUADRI -
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National News

Supreme Court cancels Dec. 31 deadline for old naira notes

THE Supreme Court has ruled that old and new naira notes would co-exist as legal tender until further notice. The...
Ijeoma OPARA -
Judiciary

Court rejects DSS bid to extend Emefiele’s detention by 14 days

A FEDERAL Capital Territory (FCT) High Court has rejected an application filed by the Department of State Services (DSS)...
Bankole ABE -
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