-Ensures appropriate risk mitigation The Central Bank of Nigeria (CBN) has recently reaffirmed the restrictions on certain operations that POS agents are prohibited from offering, as their numbers increase throughout the country. In an exposure draft of the Regulatory Framework…
Recall that the Central Bank of Nigeria earlier this year, redesigned the naira notes; 100N, 200N, 500N, and 1000N notes. Nigerians were mandated by the CBN to return the old naira notes in their possession to banks nearest to them…
As technology advances in Nigeria, people are beginning to realize the importance of saving money online. Online savings platforms provide convenience and flexibility to individuals who are looking for a safe and secure way to save money. In this article,…
The Supreme Court postponed its decision in the new naira policy suit until March 3, 2023, on Wednesday. With the apex court’s decision, Nigerians, particularly consumer and business groups, and professional and trade unions, will have to wait for a…
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to keep the old N200 (two hundred naira note) in circulation until April 10, 2023, when it will no longer be legal tender. READ ALSO: See…
My Dear Compatriots, I have found it necessary to address you today, on the state of the nation and to render account on the efforts of our administration to sustain and strengthen our economy, enhance the fight against corruption and…
On Thursday, February 16, 2023, at 7 a.m., President Muhammadu Buhari will make a national broadcast. This was revealed in a statement issued late Wednesday night by Femi Adesina, Special Adviser to the President on Media and Publicity. He stated…
The central bank of Nigeria has published a new portal for the collection old naira notes. The process requires registration on the newly released portal with the url : crs.cbn.gov.ng The Cash Deposit Window will be open to the public…
According to the Supreme Court, its February 8 order prohibiting the Federal Government and its agencies from enforcing the February 10 deadline for the use of old 200, 500, and 1000 naira notes remains in effect. The court issued the…
The Central Bank of Nigeria (CBN) has declared that the old N200, N500, and N1000 notes have stopped being legal tender as of February 10, 2023. The CBN previously set January 31 as the deadline for old notes to be removed from…