In light of the prevailing cash scarcity leading to banks’ inability to fulfill customers’ cash demands, Nigerians have expressed dissatisfaction, prompting the Central Bank of Nigeria (CBN) to assure the…
Isa AbdulMumin
CBN postpones MPC meeting yet again
Nigeria’s central bank has postponed a meeting of its monetary policy committee for a second time since Governor Olayemi Cardoso was nominated to the post in September. A calendar of…
CBN Extends Use Of Old N200, N500, N1000 Notes Indefinitely
The Central Bank of Nigeria, CBN, has said that the old naira banknotes will remain a legal tender. The CBN had introduced the redesign of N200, N500 and N1,000 denominations…
Central Bank of Nigeria Affirms Old, New Naira Notes As Legal Tender
The Central Bank of Nigeria has instructed all its branches nationwide to continue issuing various denominations of both old and redesigned banknotes in ample quantities to deposit money banks. The…
Central Bank of Nigeria Debunks Naira Scarcity, Blames Customers of Panic Withdrawal
The Central Bank of Nigeria on Thursday debunked rumours of naira scarcity in the country, amid reports that there is no sufficient cash circulation in some commercial banks nationwide. CBN…
Central Bank of Nigeria Debunks Naira Scarcity, Blames Customers of Panic Withdrawal
CBN in a statement by its spokesman, Isa AbdulMumin, blamed some customers for panic withdrawal using the Automated Teller Machines (ATMs). AbdulMumin, assured that the apex bank was working to…
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