Categories
Cautionary CBN

CBN ISSUES WARNING ON COUNTERFEIT NAIRA BANKNOTES ®™√ INN Nigeria ©

In a recent statement, the Central Bank of Nigeria (CBN) has raised alarm over the surge in circulation of counterfeit Naira banknotes, particularly in higher denominations. The unauthorized use of these fake notes has been reported in food markets and various commercial centers across major cities in the country. Citing Section 20(4) of the CBN […]

Categories
Awareness CBN Economy

CBN PUSHES MORE BANKNOTES TO COMMERCIAL BANKS, ORDERS THEM TO OPERATE SATURDAYS, SUNDAYS ®™√ INN Nigeria ©

The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations. The Acting Director, of the Corporate Communications Department of the CBN, Dr Isa AbdulMumin, disclosed this in Abuja on […]

Categories
Awareness CBN

CENTRAL BANK OF NIGERIA MARKS GLOBAL MONEY WEEK ®™√ INN Nigeria ©

Central Bank of Nigeria, CBN has joined the rest of the world to commemorate the 11th edition of Global Money Week, with the theme: “PLAN YOUR MONEY, PLANT YOUR FUTURE’’. The line-up of events by the Bank commenced on Monday, March 20, 2023, with a walk from the old parade ground to the Bank’s Headquarters […]

Categories
CBN

EMEFIELE DEBUNKS NEWS OF LAUNCHING FRESH PLOT AGAINST PRESIDENT-ELECT TINUBU ®™√ INN Nigeria ©

In a rebuttal press release by the Central Bank of Nigeria (CBN) signed by Isa Abdul-Mumin, Director, of Corporate Communications, the apex monetary authority has debunked a story published in The Nation newspaper on Monday, March 13, 2023 edition, alleging that the Governor, Mr Godwin Emefiele has launched a “fresh plot against President-elect”. The press […]

Categories
Awareness Cautionary CBN Fake News

CBN: WE ARE NOT SHUTTING DOWN FINANCIAL TRANSACTIONS FROM 23RD TO 27TH OF FEBRUARY, PLEASE BE WARY OF FAKE NEWS ®™√ INN Nigeria ©

The Central Bank of Nigeria has debunked statements shared online that it intends to shut down operations from the 23rd to the 27th of February 2023. According to the fake post, Nigerians are being told to go and stock their home. The fake post reads, “Anyhow you can get money between today and tomorrow, get […]