The Central Bank of Nigeria (CBN), has warned Nigerian banks and other financial institutions in the country to be wary of transactions from Russia, Iran, the Democratic People’s Republic of Korea, and Cameroun. The apex bank via a circular signed…
The federal government of Nigeria through the Central Bank of Nigeria (CBN) is currently in talks with a New York-based tech firm, to develop a new and improved system to manage the country’s digital currency, the eNaira. According to sources…
The announcement of the new naira notes by the Central Bank of Nigeria to replace existing ones in 2022 was not the first time that the apex bank would introduce new currency notes or redesign them. From the military administrations…
Just a few days after the Central Bank of Nigeria (CBN) released the newly redesigned naira notes into circulation, there have been reports of counterfeit notes dotted across the nation which has prompted the CBN to release a document of…
President of the federal republic of Nigeria Muhammadu Buhari has disclosed that he approved plans for the Central Bank of Nigeria (CBN) to redesign some naira notes. He stated that he was convinced that the redesign of some Naira notes will…
