FG, States, LGs share N1.1trn as december allocation
The balance in the ECA was $473,754.57
CBN sacks boards of Union, Keystone and Polaris banks
The CBN also assured the public of the safety and security of depositors’ funds, saying it remained resolute in fulfilling its mandate to uphold a safe, sound, and robust financial system in Nigeria.
Confusion as CBN, banks issue different procedure for depositing old naira notes
This is after banks started issuing notice to their customers, informing them to commence deposit of old naira notes up to a maximum of N500,000.
CBN increases weekly cash withdrawal limit
The apex bank said it made the decision based on feedback received from stakeholders.
Naira Swap: Supreme Court fixes March 3 for ruling on states’ lawsuit against Buhari
Arguments during today’s hearing focused on a contempt decision against Attorney-General Abubakar Malami, who had failed to implement the court’s decision for old notes to keep circulating until a substantive ruling on the matter.
Naira Redesign: Speaker threatens to issue arrest warrant on CBN governor
Mr Doguwa informed the House that the CBN and Mr Emefiele did not honour the invitation to appear before the committee on Wednesday.
Supreme Court extends old naira notes validity till December
The court held that the directive of President Muhammadu Buhari for the redesign of the new notes and withdrawal of the old notes without due consultation is invalid.
CBN extends deadline for use of old naira notes
The new deadline is now 10 February instead of the former 31 January deadline, he said.
CBN denies planning to redenominate Naira
While the bank may be considering reforms, AbdulMumin said “such are subject to laid down procedures in line with the provisions of the CBN Act, 2007.”