Saturday , November 27 2021

Tag Archives: CBN

CBN Disposes N698,480 Million Worth of Unfit Banknotes in 2020

CBN Disposes N698,480 Million Worth of Unfit Banknotes in 2020

The Central Bank of Nigeria has stated that it disposed of N698,480.00 million worth of unfit banknotes in 2020. This was disclosed in the recently released Annual Report 2020 as compiled by the CBN’s Currency Operations Department. The destruction of unfit banknotes in Nigeria is regularly carried out by the CBN under …

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CBN Regulatory Guidelines for eNaira

CBN Regulatory Guidelines for eNaira

Following the launch of the eNaira by the President, Major General Muhamadu Buhari (retd.), the application for the digital currency, eNaira introduced by the CBN has become available for download, with more than 5,000 downloads within hours of the launch. This is as the apex bank released regulatory guidelines which …

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CBN Frown Against Forex Manipulation

CBN Frown Against Forex Manipulation

The Central Bank of Nigeria has warned Nigerians to be wary of the activities of speculators who sought to manipulate the market for unpatriotic reasons. In a statement by the Spokesman of the Central Bank of Nigeria, Mr Osita Nwanisobi, on Tuesday titled ‘CBN spokesman faults calls for gov’s resignation’, …

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