Tag: CBN

The total amount of currency-in-circulation in the country dropped from N3.29tn as of the end of October 2022 to N1.38tn as of the end of January 2023 as a result ...

In an effort to drive a cashless economy, the Central Bank of Nigeria has suggested the use of eNaira for cash transfers during the National Social Safety Net Programme Scale ...

The Central Bank of Nigeria has launched the USSD channel of the Central Bank Digital Currency tagged the eNaira on Bullnet platform to boost the usage of the platform. It ...

The country’s external reserves fell by $427.14m in one month, figures obtained from the Central Bank of Nigeria revealed on Monday. This is as the crisis in the country’s currency ...

The International Monetary Fund has called for a review of the Central Bank of Nigeria Act 2007 to strengthen the bank’s autonomy and governance. IMF made the call in the ...

The Nigeria Employers’ Consultative Association has said the Central Bank of Nigeria does not understand the naira crisis challenges, pointing out that the apex bank appears not have a solution ...

According to new data from the Nigeria Inter-Bank Settlement System (NIBSS), total cashless transactions in Nigeria increased by 45.41 percent year on year in January 2023 to N39.58 trillion. The ...

The Olofa of Offa, Oba Mufutau Gbadamosi, has appealed to the Central Bank of Nigeria to make the new naira notes available to the people if it wants Nigerians to ...

The Anchor Borrowers Programme (ABP), particularly in cotton cultivation, needs to be continued, according to the National Cotton Association of Nigeria (NACOTAN), in order to maintain the successes already made ...

After receiving a direction to begin over-the-counter payment from their regulator, the Central Bank of Nigeria (CBN), Nigerian banks are adamant that there is no cash available to pay consumers. ...