Tag: CBN
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Buhari gets Senate help on illegal N23.7 trillion CBN loan
The Senate has approved President Muhammadu Buhari’s request to restructure a N23.7 trillion ($49 billion) loan the central bank gave his government in violation...
CBN says it has ‘good quantity’ of scarce new naira notes
The Central Bank of Nigeria says it has continued to take delivery of redesigned naira notes even when the bills are hard to come...
CBN fuelling the same inflation it is fighting
The Central Bank of Nigeria’s financing of the federal government’s budget deficit and record high credit to the economy have limited the effectiveness of...
CBN to hold dormant account funds lawmakers put at over N1.3 trillion
The Central Bank of Nigeria (CBN) has proposed a new regulation that would allow it take over funds from bank accounts that had been...
CBN ends disruptive naira policy, begins release of notes
Nigeria's central bank has finally ended its policy of seizing higher bank notes months after introducing the expensive measure that badly affected lives and...