Tag: CBN

Naira Redesign: Everything you need to know

President Muhammadu Buhari has said that his government will not change its mind about the Central Bank of Nigeria's (CBN) plan to redesign Nigeria's N1,000, N500, and N200 bills. Buhari…

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Fuel scarcity may worsen in Lagos, others as NUPENG issues Nov 6 strike notice; Afenifere endorses Tinubu | 5 Things That Should Matter Today

Fuel scarcity may worsen in Lagos, others as NUPENG issues Nov 6 strike noticeISWAP commander captured, fighters killed attempting to liberate terrorists from Army base‘Those with illicit money buried under…

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Redesign of the Naira: The FG distances itself from policy and cautions the CBN of the repercussions; FG to end Nigerians migration overseas | 5 Things That Should Matter Today

Redesign of the Naira: The FG distances itself from policy and cautions the CBN of the repercussionsFG to end Nigerians migration overseasTerror alert: Buhari told to sack service chiefs as…

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Nigeria loses to Columbia, fail to make it to U-17 Women’s W’Cup final; LP releases updated presidential campaign list | 5 Things That Should Matter Today

Nigeria loses to Columbia, fail to make it to U-17 Women’s W’Cup finalCBN to release re-designed Naira notes DecemberUS evacuates embassy staff, families in Abuja after terror alertNigeria, Canada to…

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2023 elections: I will be a stepping stone for Igbo presidency – Atiku; Peter Obi visits Ooni of Ife | 5 Things That Should Matter Today

2023 Elections: I will be a stepping stone for Igbo presidency - AtikuElectoral Offences Bill will be ready soon - SenateWike recovers Rivers aircraft from GermanyCBN raises interest rate to…

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Electricity workers suspend one-day strike for two weeks; Nigerian Musician Buju to face sanction for spitting on police officer | 5 Things That Should Matter Today

Electricity workers suspend one-day strike for two weeksNigerian Musician Buju to face sanction for spitting on police officerNigerians will receive more money as the CBN encourages banks to increase savings…

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Continuous voters registration exercise is closing tomorrow; CBN is blaming NNPC, two others, as dollar sells for N718 | 5 Things That Should Matter Today

Continuous voters registration exercise is closing tomorrowNollywood veterans Cynthia Okereke and Clemson Cornel are missingInnoson is suing the Imo Government for a debt of N2.5 billion.Carting of IVEDs by criminals…

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Senators across parties are clashing on the decision to impeach Buhari due to insecurity; Many injured as unknown gunmen attack Owo again | 5 Things That Should Matter Today

Senators across parties are clashing on the decision to impeach Buhari due to insecuritySenate summons CBN governor over naira fall but embarks on a two-month breakEl-Rufai threatens to sack Kaduna…

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Naira falls to N645 per dollar

According to a listing on Aboki Forex, a website that provides users with information about the exchange rates at which various currencies are traded on both official and unofficial markets,…

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CBN unexpectedly raises interest rate to 13%, the first hike in almost 6 years

The policy-setting committee of the Central Bank of Nigeria (CBN) has voted to raise the monetary policy rate (MPR), which measures interest rate, to 13 per cent to tame rising…

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Godwin Emefiele

#YNaija2023: This is why CBN governor, Godwin Emefiele went to court

If he does not call it quits with the CBN forthwith, Godwin Emefiele should be removed by the President in line with Section 11 of the CBN Act and recommended…

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Too big to fail: Lessons from First Bank’s internal leadership crisis

Corporate entities exist to make products and/or services delivery to the largest possible number of people possible, while accruing profits for shareholders. It also leaves these shareholders and customers in…

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Fidelity Bank to develop SMEs Capacity in Non-oil Exports Sector

In furtherance of its resolve to help Nigerian businesses build sustainable export capabilities, leading Nigerian lender, Fidelity Bank Plc, is set to host the 11th and 12th editions of its…

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CBN to print money for Gambia; Insecurity reportedly threatens quality of telecom service in Nigeria | 5 Things That Should Matter Today

Across the Nigerian nation, these are some of the top news stories that shouldn't escape your attention. CBN may start printing Gambia's currency The Governor of Central Bank of Nigeria…

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USSD Charge: Does the CBN care about the ordinary Nigerian? | The #YNaijaCover

These are certainly not the best of times economically for majority of Nigerians. From increase in pump price of premium motor spirit (PMS) and its reversal to consistent fall of…

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Ease of Undoing Business: Outrage greets CBN’s announcement on Cryptocurrencies | The #YNaijaCover

Friday, 5th February 2021 was another day of drama in Nigeria which is fast becoming a theatre of absurdities with recent events across the federation.Nigerians were still yet to come…

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Cryptocurrency ban

Nigerians are resisting the CBN’s crypto ban with #WeWantOurCryptoBack hashtag

Nigerians on social media are expressing their displeasure in what they perceive is an attack on their financial autonomy by the Central Bank of Nigeria. Today, a notification from the…

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END SARS

The accounts of #ENDSARS protesters still frozen proves that we are in an oppressive regime

Three months after Nigerians showed nationwide demonstrations against police brutality with the #ENDSARS movement, leading to the government freezing bank accounts of some protesters via the Central Bank, those accounts…

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FX: CBN Governor thinks the parallel market isn’t all that, but here’s why Nigerians disagree

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in an address during a virtual monetary policy meeting in Abuja on Tuesday, dismissed the parallel market as supplying a…

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For the umpteenth time; Nigerian Authorities need to redefine our approach to Counter Terrorism

Across the world, terrorism is a global threat and there have been instances where terrorists have held world powers hostage. One notable but unfortunate terrorism incident that has remained etched…

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FG, CBN disregard the law in attempt to stifle the #EndSARS influence because why not?

Every time you think there is a ray of hope for a truly democratic Nigeria, the government pulls a trick off its sleeves and reminds Nigerians how misplaced such thoughts…

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Lekki-Ikoyi tollgate concessions + other headlines

Army General agrees #LekkiShooting happened, reveals more details

It was George Washington who said that the “truth will ultimately prevail where there are pains to bring it to light.” This aptly captures the events surrounding the #LekkiMassacre. Despite…

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CBN has joined the ‘cult’ resisting the change #EndSARS is asking for

As reported by Channels Television, a federal high court in Abuja has granted the request of the Central Bank of Nigeria (CBN), to freeze the accounts of 19 individuals and…

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#EndSARS: The FG’s recent actions remind us of something and it is terrifying

Following the #EndSARS Protest that rocked Nigeria for weeks, the government have claimed that they will consciously begin working towards a change. And while some judicial panels have been set…

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Soyinka declares Nigeria divided like never before under Buhari, ICRC fault reports on collapse of Kainji Dam | 5 Things That Should Matter Today

Nobel Laureate, Professor Wole Soyinka, has slammed President Muhammadu Buhari; declaring that Nigeria has never been this divided as it is under his administration. In a statement on Tuesday, Soyinka backed…

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CBN

Wilfully defaulting on your loans is no longer an option, thanks to this new CBN directive

Nigeria has a serious debt problem. It is such a pervasive problem that families will not invest in the businesses of their family members, banks refuse to give loans without…

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602 repentant Boko Haram members denounce membership | 5 Things that Should Matter Today

Amidst increasing insurgent attacks in the North East of the country, there are reports that about 602 repentant Boko Haram terrorists have been set free after denouncing membership of the…

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GBFoods is leading the way on agricultural infrastructure in Nigeria with N20bn tomato processing factory

Have you ever imagined one industry that we just cannot do without? It has to be the food manufacturing industry! For as long as we have been in existence, this…

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The YNaija Cover – the 14th of August

President Muhammadu Buhari makes today’s Cover for asking the Central Bank of Nigeria (CBN) to stop providing foreign exchange for food importation. In a statement issued by Garba Shehu, presidential…

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The YNaija Cover – Weekend Roundup

See links below to read our latest weekend stories and recap of top stories last week:  

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