CBN defends naira with $11.24bn in seven months
The Central Bank of Nigeria injected $11.24bn into the economy to stabilise the value of the naira from January 2022 to July.Information Guide Nigeria This information was acquired…
N2.7trn In Circulation Outside Of Banking Sector – CBN
The Central Bank of Nigeria has said Tuesday said that of the N3.2 trillion in circulation, N2.7 trillion is outside the banking sector.Information Guide Nigeria The Deputy Director,…
CBN blames limited time for ‘simple’ design of new naira notes
The Central Bank of Nigeria (CBN) has identified limited time to tackle the problems of counterfeiting and hoarding of currency as the reason for the simple appearance of…
Emefiele: We must tackle oil theft to build reserves, enhance Naira stability
Emefiele, governor of the Central Bank of Nigeria, CBN, has stated that addressing the issue of oil theft is essential for accumulating substantial foreign exchange reserves and ensuring…
When will the old naira expire?
The Central Bank Governor, Godwin Emiefele, has warned that as of January 31, 2023, the apex bank will no longer accept old Naira notes.Information Guide Nigeria This comes…
New Naira notes: If it’s colour, CBN should have just engaged Snapchat – Shehu Sani
Ex-Nigerian lawmaker, Senator Shehu Sani, has reacted to the recently-unveiled Naira notes by the Central Bank of Nigeria, CBN.Information Guide Nigeria DAILY POST reports that the much-taunted new…
BREAKING: Ethiopian Govt Removed Visa On Arrival For Nigerians, 41 Others
The government of Ethiopia has suspended Visa on arrival for Nigerians, along with travellers from 41 other countries. VANGUARD reports.Infomation Guide Nigeria This is coming just two weeks…
CBN threatens to deduct money from loan debtors’ accounts
Celsus Agla, senior manager of the CBN‘s development finance office in Port-Harcourt, said this on Thursday during a meeting with maize farmers and other stakeholders.infomation guide nigeria Celsus…
Fitch upgrades FirstBank’s ratings to ‘B’ on improved asset quality
Fitch Ratings has raised the long-term issuer default ratings (IDRs) for FBN Holdings Plc (FBNH) and First Bank of Nigeria Limited (FBN) from “B-” to “B,” with stable…
CBN sends final warning to seven companies over Agric loan
A report from ripplesnigeria has it that on Tuesday, the Central Bank of Nigeria issued a final demand notice to seven companies that benefited from the Anchor Borrowers…