central bank of nigeria

The Central Bank of Nigeria (CBN) has announced its plan to sell dollars worth $20,000 to eligible Bureau de Change merchants across the country. Recall that the former CBN Governor, Godwin Emefiele stopped the sales of foreign currency to Bureau de Change merchants in the country over two...

The Central Bank of Nigeria (CBN) has dissolved the board and management of Polaris Bank, Union Bank, and Keystone Bank. This was announced in a statement released by the acting Director of Corporate Communications at CBN, Sid Hakama. This decision was taken due to the non-compliance of these...

The Central Bank of Nigeria (CBN) has declared that the old N200, N500 and N1000 will continue to remain a legal tender for transactions and exchange in the country. Recall that at the end of October 2022, the Central Bank of Nigeria introduced the redesign of N200, N500 and N1000 notes and...

An official statement by the Ag. Director, Corporate Communications of The CBN, Isa AbdulMumin has debunked the news report which has been circulating about the devaluation of the Naira. This was addressed in a tweet that stated, “We wish to state categorically that this news report which in...