The Central Bank of Nigeria has extended deadline for the swapping of old naira notes till February 10, 2023. The CBN stated…
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CBN
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President Muhammadu Buhari, has signed the 2023 Budget of N21.83tn along with the 2022 Supplementary Appropriation Bill into law. Buhari signed the…
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Against the backdrop of complaints by the banking public that banks are not dispensing enough of the redesigned Naira notes the Governor…
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President Muhammadu Buhari yesterday inaugurated the new Naira banknotes, expressing delight that the redesigned currencies were locally produced by the Nigerian Security…
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BankingEconomicNews
President Buhari backs Emefiele over naira re-design
by Salami Azeezby Salami AzeezPresident Muhammadu Buhari stated yesterday that the CBN has his backing for the project, despite controversy surrounding the Finance Minister’s, Mrs. Zainab…
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BankingBusinessEconomicNews
UBA opens Saturdays for naira notes deposit
by Salami Azeezby Salami AzeezThe United Bank for Africa (UBA) has opted to open on Saturdays to enable customers to deposit their existing naira notes pending…
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BankingEconomicNews
CBN says it will release new banknotes in December
by Salami Azeezby Salami AzeezStarting December 15, Nigerians will be using newly-designed 100, 200, 500 and 1,000-naira banknotes, the governor of the Central Bank of Nigeria…
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BankingNews
Polaris Bank sold for N50b, CBN to recover intervention funds in 25 years
by Salami Azeezby Salami AzeezThe Central Bank of Nigeria has announced the completion of the sale of Polaris Bank. The was contained in a statement by…
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BankingNews
Heritage Bank appoints George-Taylor CEO as Sekibo bows out
by Salami Azeezby Salami AzeezHeritage Bank has appointed Akinola George-Taylor as its acting managing director/chief executive officer.The bank also announced the appointments of two executive directors,…
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In the bid to sustain forex management, the Association of Corporate Affairs Managers of Banks and the Chartered Institute of Bankers of…