The Central Bank of Nigeria (CBN) says it has sanctioned some Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs) during the Yuletide season. According to a statement by Hakama Sidi-Ali, CBN’s Director, Corporate Communications Department, this is a clear message of zero […]
CBN
The Edo State Government has urged the Central Bank of Nigeria (CBN) to address the challenges people are facing with electronic transactions(e-banking) in the country. The call was made by the Managing Director of Edo State Investment Promotion Office (ESIPO), Mr. Kelvin Uwaibi in Benin City while responding to the […]
The World Bank has cautioned that the Central Bank of Nigeria’s (CBN) development finance interventions are exacerbating inflationary pressures in the short term and undermining the bank’s ability to effectively control inflation. In its latest Nigeria Development Update report, the World Bank noted that the CBN’s continued provision of subsidized […]
The Central Bank of Nigeria (CBN) has finally ordered the use to of old N200, N500 and N1000 banknotes as legal tender in the country, saying they remain legal tender until December 31, 2023. CBN’s acting director of Communication, Isa Abdulmumin, disclosed the development in a statement on Monday night. […]
In Edo State, Governor Godwin Obaseki engaged with Central Bank of Nigeria (CBN) officials and members of the Association of Mobile Money and Bank Agents of Nigeria (AMMBAN) to address the cash shortage and unrest. The strategic meeting aimed to disburse cash effectively and mitigate the hardship faced by residents […]
The Edo State Governor, Mr. Godwin Obaseki, has blasted the Central Bank of Nigeria (CBN) and APC government over the decision to redesign and release new N200, N500 and N1000 notes by December 15, 2022, says that the action is purely political. Obaseki made this known during the inauguration of […]
Governor Godwin Obaseki on Monday, inaugurated state-of-the-art Edojob centers in Uromi and Uzairue, signaling a resolute commitment to fostering youth development and equipping them for global competitiveness. Developed through collaboration with prominent partners such as the German Development Agency and Swiss Agency for Development and Cooperation, the centers aim to […]