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Isa Abdulmumin

Nigeria’s Central Bank Probes $1 Billion Currency Counterfeit Deal

ABUJA, Nigeria — The Central Bank of Nigeria, CBN, has initiated a probe into an alleged currency counterfeiting operation involving a sum of $1...

Nigeria’s Central Bank Deputy Governor Kingsley Obiora Arrested by Secret Police

ABUJA, Nigeria — Kingsley Obiora, the Deputy Governor of the Central Bank of Nigeria, CBN, in charge of economic policy, was arrested on Friday,...

Nigeria’s Central Bank Directs Banks to Lift $10,000 Restrictions on Domiciliary Accounts

ABUJA, Nigeria - The Central Bank of Nigeria, CBN, has directed all banks to allow customers unrestricted access to their domiciliary account funds. As per...

No Devaluation Here: Central Bank of Nigeria Rebuts Claims of New Naira Downgrade

LAGOS, Nigeria - The Central Bank of Nigeria, CBN, has fervently dismissed a report by Daily Trust newspaper stating that the CBN had devalued...

Redesigned Naira Notes Here to Stay, Nigeria’s Central Bank Declares

The Central Bank of Nigeria, CBN, has quashed the rumours of phasing out the redesigned Naira notes from circulation, a clarification that came amid...

Cash Shortages To End As Emefiele Personally Supervises CBN’s Cash Distribution

The Central Bank of Nigeria (CBN) has announced a coordinated effort to ease the circulation of banknotes of various denominations across the country. The CBN...

CBN Breaks Silence on Supreme Court Verdict, Says Old Naira Notes Remain Legal Tender Till Dec 31

The Central Bank of Nigeria, CBN, on Monday, March 13, 2023, said old N200, N500, N1,000 banknotes remain legal tender till December 31, 2023. The...

CBN Clears Air On Acceptance Of Old Naira Notes

The Central Bank of Nigeria, CBN, has cleared the air on directing commercial banks to dispense and accept the deposit of old Naira notes...

Emefiele Debunks News On Launching Plot Against Tinubu

Godwin Emefiele, the governor of the Central Bank of Nigeria, CBN, has debunked news on him launching fresh plot on the President-elect, Mr.Bola Ahmed...

Naira Redesign: Old, New Notes Are Legal Tender – CBN Reveals

The Central Bank of Nigeria, CBN, said that both old and new notes are now legal tender. Isa Abdulmumin, the acting director of Corporate Communications...

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