Wednesday, September 30, 2026

CBN

December 20, 2022

Again, Reps give Emefiele two days to appear over CBN’s withdrawal limit policy

The house said that either Mr Emefiele should appear before it on December 22 or his deputy, who is well-equipped.

Godwin Emefiele
December 15, 2022

Police rescued 865 kidnap victims, arrested 383 suspects: IGP Baba-Alkali

Mr Baba-Alkali said this on Thursday in Abuja during a meeting with strategic police managers.

IGP Usman Baba Alkali
December 15, 2022

CBN urged to prevent counterfeiting, hoarding of new naira notes

Economists have urged CBN to take firm control of the quantity of the redesigned naira notes it would release into circulation to avoid hoarding and counterfeiting.

Central Bank governor Godwin Emefiele and New Naira notes used to illustrate the story
December 15, 2022

Northern groups condemn CBN’s cash withdrawals limit

“The policy will most certainly take away the jobs of thousands of young people operating POS at a time Nigeria is battling serious unemployment.”

CBN Godwin Emefiele (credit: Bloomberg)
December 9, 2022

Civil Defence, SSS arrest six naira traders in sting operation

The suspects were made up of five females and one male, and aged between 20 years and 58 years old. 

A photo of the suspected naira vendors paraded by security operatives in Port Harcourt.
December 8, 2022

Buhari approved crippling cash withdrawal limits for Nigerians: Emefiele

Mr Emefiele made this disclosure just as the House of Representatives ordered the apex bank to halt the policy’s implementation.

CBN Governor Godwin Emefiele and President Muhammadu Buhari
December 8, 2022

Cash Limit: Mobile money, POS operators write CBN for exemption, plan protests

Musa Yinusa, an operator, told The Gazette that the policy was inconsiderate owing to the fact that he carries out transactions worth up to N200,000 per day. 

Godwin Emefiele and POS agent
December 8, 2022

CBN cash withdrawals limit will hurt small businesses: ACCI

“Aside from slowing down businesses within formal and informal markets, the new policy also has a tendency to increase the cost of doing business due to sanction on withdrawal exceeding certain

POS Operators and Abuja Chamber of Commerce and Industry (ACCI)
December 6, 2022

CBN limits cash withdrawals to N100,000 per week

Individuals and corporate entities, beginning from January 9, 2023, will now be entitled to N100,000 and N500,000 per week, respectively.

CBN Governor Godwin Emefiele
November 28, 2022

New naira notes will reduce inflation in Nigeria: Economist

Mr Buhari on Wednesday unveiled the new notes of N200, N500 and N1,000.

New Naira notes