CBN confirms releasing enough cash to banks to ease customers’ pain
…Directs banks to open their branches on Saturday and Sunday The shortage of cash supply in banks which has affected most homes and businesses for weeks may soon end, but…
Cashless policy: MPC wants banks to fix challenges to electronic transaction channels
Amid the persisting difficulties faced by Nigerians to access cash due to an apparent short supply of banknotes under the currency redesign policy, the monetary policy Committee of the Central…
Despite $5.8bn payment to NDDC over 10 years, oil communities rue underdevelopment
Oil-producing communities in Akwa Ibom State have continued to lament over underdevelopment despite the over $5.8bn mandatory payments by oil and gas companies to the Niger Delta Development Commission (NDDC)…
CSOs coalition urges govt. to speedily confirm new representative to NEITI Board
A coalition of Civil Society Organisations engaged in the Natural Resource Governance sector has asked the Federal Government to speedily confirm and admit a new representative recently elected into the…
Presidential polls result: Abuja lawyer sues INEC for violating electoral law, guidelines
An Abuja-based legal practitioner, Bob James, on Wednesday dragged the Independent National Electoral Commission (INEC) before the Federal High Court, Abuja for failure to upload the results of the presidential…
CBN’s compliance with S’Court’s order on old notes excites Business operators
Traders in Benin City, Edo State have commended the Central Bank of Nigeria (CBN) for its decision to comply with the order of the Supreme Court for the old N500…
NUPRC, Banks explore funding options for marginal field licensees
Nigerian banks are exploring funding options to help the 2020 marginal oil field bid round licensees realise their field development targets, the Nigerian Upstream Regulatory Commission (NUPRC) has said. Disclosing…
Supreme Court order: CBN directs banks to accept old Naira notes till Dec 31
Ten days after the Supreme Court’s order, the Central Bank of Nigeria on Monday reversed its earlier decision and confirmed that the old N200, N500, and N1,000 banknotes would remain…
CBN denies alleged release of N500m to shore up LP’s election in Lagos
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has denied allegations that he approved the release of N500 million in new bank notes to shore up the…
CBN has recovered 52.39% of Anchor Borrowers’ loans so far
Loans repayment by farmers under the Anchor Borrowers’ Programme (ABP) stood at N503 billion as of February 28, 2023, the Central Bank of Nigeria (CBN) has said. The Acting Director,…