CBN Extends Legal Tender Status of Old Notes Indefinitely
The Central Bank of Nigeria (CBN) has made a significant announcement, extending the legal tender status of old N200, N500, ...
Thursday, January 9, 2025
Tag: CBN
CBN, NBET others owe FG N190bn for electricity supply
Federal Government owned power firm, the Niger Delta Power Holding Company has said that the Central Bank of Nigeria, the ...
CBN may not clear forex backlog — Report
A report by the Economist Intelligence Unit on Friday questioned the financial capacity of the central bank to clear $6 ...
EIU Report: Nigeria’s Official Exchange Rate Projected to Weaken to N1,068.3/$ by 2025
According to a report by the Economist Intelligence Unit (EIU), Nigeria's official exchange rate is expected to weaken to N1,068.3/$ ...
Old banknote remains legal tender, says CBN
Every banknote remains legal tender and should not be rejected by anyone, the Central Bank of Nigeria has disclosed. This ...
Central Bank of Nigeria: Both Old and Redesigned Banknotes Remain Legal Tender
In a recent announcement, the Central Bank of Nigeria (CBN) has clarified that both the revamped and old banknotes continue ...
Tackle high inflation, Sanusi tells CBN
A former Governor of the Central Bank of Nigeria, Lamido Sanusi, has advised the incumbent governor of the apex bank, ...
Manufacturers’ debt to banks hit N6.98tn in June – CBN
Operators in the nation’s manufacturing sector saw their combined debts to Nigerian banks rise from N5.56tn in January 2023 to ...
Relief Abounds as CBN Commences Clearing $7bn FX Obligations
Nigeria's foreign exchange market is on the cusp of a liquidity boost, with the Central Bank of Nigeria (CBN) taking ...
Cut interest rates to boost food security, farmers tell CBN
The Agriculture Development Farmers Association of Oyo State has urged the Central Bank of Nigeria to reduce the lending rate ...
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