Tag Archives: Central Bank of Nigeria

Ahead of the Central Bank of Nigeria’s January 31 2024 deadline for obtaining Bank Verification Number, BVN, the number of registered Nigerians has increased to 59.9 million. A recent BVN registration data update released by the Nigeria Inter-Bank Settlement System made this known. The figure showed that more than one …

The Central Bank of Nigeria (CBN) has directed banks to raise the quality of their products and services to attract more people into the financial system. CBN Governor, Olayemi Cardoso, disclosed this at the release of the 2023 EFInA Access to Finance (A2F) Survey results in Lagos. He said: “As …

There are indications that the Department of State Services has re-arrested former governor of Central Bank of Nigeria (CBN), Godwin Emefiele shortly after he was granted bail by a Federal High Court in Lagos. Recall that Emefiele was charged by the office of the Attorney General of the Federation under the Ministry of Justice. Downloads btlsblog …

The Central Bank of Nigeria (CBN) has mandated commercial banks to obtain the social media handle(s), e-mail addresses, telephone numbers, residential addresses, and other personal details of their customers. This was contained in its newly published ‘Central Bank of Nigeria (Customer Due Diligence) Regulations, 2023’ document, which aims to further …

A video of suspended Governor of Central Bank of Nigeria, Godwin Emefiele getting arrested at the airport has been shared online. The video surfaced shortly after the spokesperson of the Department of State Services, Peter Afunanya disclosed that the embattled suspended CBN Governor is now in their custody. Emefiele was flown from …

The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the importers and exporters’ (I&E) window. Dr. Isa AbdulMumumin, the acting Director of Corporate Communication at the CBN, released a statement on Thursday morning titled …

The Central Bank of Nigeria (CBN) has commenced the mopping up of monies in dormant accounts and unclaimed balances in commercial banks. The apex bank announced this in its new Guidelines on ‘the Management of Dormant Accounts, Unclaimed Balances and other financial assets in Banks and Other Financial Institutions in …

The Supreme Court has adjourned the suit filed by governors to challenge the naira redesign policy of the Central Bank of Nigeria (CBN) to Wednesday February 22. The apex court said it would consolidate all the cases, stressing that all the states would abide by its decision on the matter. …

The Central Bank of Nigeria (CBN) has said that despite a Supreme Court order, the old N200, N500 and N1,000 notes are no longer legal tender. The Supreme Court had issued an order barring the CBN from implementing the February 10 expiration date for the old notes. CBN’s branch controller …

The Central Bank of Nigeria has debunked claims about the incapacity of the Nigerian Security Printing and Minting PLC. The apex bank also denied claims that it plans to shut down commercial banks in a geo-political zone. This was disclosed in a statement signed on Friday by CBN’s Director of …

The Central Bank of Nigeria, CBN enforcement team accosts a bank branch in Ado Ekiti hoarding the new naira notes to the tune of N6M. Downloads btlsblog mobile app on playstore https://play.google.com/store/apps/details?id=com.wBtlsblog_13609357 A video shared by a media strategist, Deji Adesogan, on Twitter captured the enforcement agency of CBN questioning a bank on why …

Godwin Emefiele, the Governor of the Central Bank of Nigeria, has sent out an appeal to Nigerians. He appealed to Nigerians to show understanding, adding that the redesigned notes will circulate and be accessible. The apex bank also pledged to stop Point of Sale charges as the February 10 deadline for …

Central Bank of Nigeria (CBN) and Economic and Financial Crimes Commission (EFCC) joint task force yesterday raided some banks and areas in Abuja in search of persons suspected to be hoarding and selling the new naira notes. The Abubakar Kure-led taskforce said it arrested three persons in Areas 3 and …

The President, Major General Muhammadu Buhari (retd.), on Sunday, in Daura, approved the Central Bank of Nigeria’s request to extend the deadline for swapping of old naira notes with the redesigned notes from January 31, 2023, to February 10 2023. Buhari also approved a seven-day grace period which runs from …

The Central Bank of Nigeria, CBN, on Sunday extended the deadline for the exchange of old naira notes. Godwin Emefiele, the CBN governor, extended the date by 10 days. In a press statement issued on Sunday, Emefiele said the new deadline is now February 10, 2023. Downloads btlsblog mobile app …

The Central Bank of Nigeria (CBN) on Monday launched the deployment of the National Domestic Card Scheme in a bid to unify payment in the country. With the deployment, Nigeria has now been enlisted into the growing list of countries like India, Turkey, China, and Brazil that have launched similar …