Cybersecurity Levy: CBN withdraws directive to banks
Tinubu directed the apex bank to suspend the implementation and review the modalities for its implementation.
Emefiele: Buhari to unveil redesigned naira notes Wednesday
According to him, the CBN won’t shift its deadline for all old notes to be returned to commercial banks in exchange for newly designed ones.
CBN limits cash withdrawals to N100,000 per week
This development comes shortly after the newly redesigned N200, N500, and N1000 banknotes were launched by President Muhammadu Buhari’s regime.
Emefiele: Old Naira notes redeemable only at CBN after February 10
Also, the CBN governor assured Nigerians that nobody would lose their legitimately earned money due to the naira redesign project, saying the exercise was in the overall interest of Nigerians and the economy.
Ndume opposes implementation of cybersecurity levy
The development is the outcome of the recent amendment of the cybercrime act, which Mr Ndume supported but feigned ignorance on the part that imposed the cybersecurity levy on electronic transactions.
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.
Emefiele: Banks will continue to accept old Naira notes after deadline
He said the CBN will also accept the old naira from banks after the February 10 deadline.
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.”
Banks get approval to issue NIN-enabled ATM cards
According to the minister, although the NIMC Act 2007 only mandates Nigerians to have a National Identity Number and not necessarily a printout card, demands for cards have swelled nonetheless.