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Tag: CBN

CBN Warns Nigerian Banks And Other Financial Institutions to be Wary of Transactions From Russia, Iran, Others

CBN Warns Nigerian Banks And Other Financial Institutions to be Wary of Transactions From Russia, Iran, Others

July 8, 2023 | by Ojukwu Emmanuel | 0
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…
Central Bank of Nigeria in Talks With A U.S. Company to Revamp the eNaira

Central Bank of Nigeria in Talks With A U.S. Company to Revamp the eNaira

February 22, 2023 | by Ojukwu Emmanuel | 0
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…
New Naira Notes: Supervised Machine Learning and an Established Suffering Theater

New Naira Notes: Supervised Machine Learning and an Established Suffering Theater

February 13, 2023 | by Mutiu Iyanda | 0
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…
CBN Releases Security Features on New Naira Notes Over Reports of Circulation of Counterfeits

CBN Releases Security Features on New Naira Notes Over Reports of Circulation of Counterfeits

December 21, 2022 | by Ojukwu Emmanuel | 0
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…
CBN has my Backing to Redesign The Naira Notes – President Buhari

CBN has my Backing to Redesign The Naira Notes – President Buhari

October 31, 2022 | by Ojukwu Emmanuel | 0
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…
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