Tag Archives: CBN
CBN:No more production of polymer notes of lower denominations
CBN has gone back to its drawing board to stop the production of lower denominations of naira in polymer because it fades.Mr Tunde Lemo, the Deputy Governor, Operations said this… Read more
CBN pegs new deposit limits for banks
The Central Bank of Nigeria (CBN) has set new deposit limits for all categories of account holders and introduced three-tier Know Your Customer (KYC) requirements for banks. In a circular… Read more
N100 ATM charges to stop by December 17, 2012
Following the outcome of the Bankers Committee meeting where it was agreed that N100 ATM service charge would be stopped, the Central Bank of Nigeria has announced that starting from… Read more
N2.1 billion of newly printed N1,000 notes have mysteriously gone missing. CBN begins investigations
The board of directors of the Nigeria Security Printing and Minting Company (NSPMC) met yesterday over the scandal that rocked the establishment where it was revealed that a whopping N2.1… Read more
ATM users will no longer be charged N100 when they withdraw from other banks
Users of Automated Teller Machines will no longer pay N100 on withdrawals whenever they use banks other than theirs, the Central Bank of Nigeria said on Tuesday. The decision was… Read more
Changing of N5, N10, N20 notes to coins, poor masses beg CBN
Those considered to be at the lowest rung of the ladder have passionately appealed to the governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, not to… Read more
FG approves N5,000 note
Shamsudeen Usman who spoke to journalists at the meeting of the Economic Management Team on Tuesday revealed that President Goodluck Jonathan has approved the proposal to print the N5000 note…. Read more
Suspend N5000 note introduction,Senate orders CBN
The Senate Committee on Banking, Insurance and other Financial Institutions on Monday directed the Central Bank of Nigeria (CBN) to suspend the introduction of N5, 000 note until the Senate… Read more
NLC, ACN: N5,000 note will worsen the Economy
Opposition mounted yesterday against the planned introduction of N5,000 note by the Central Bank of Nigeria (CBN). The Nigeria Labour Congress accused the CBN of trying to legitimise further devaluation… Read more
CBN set to launch N5000 notes by 2013
The Central Bank of Nigeria (CBN) has revealed plans to introduce a N5000 note in Nigeria. This was made known on Thursday. Sanusi Lamido, the governor of CBN while addressing… Read more
