CBN BEGINS DISTRIBUTION OF REDESIGNED NAIRA NOTES, LIST PENALTIES FOR ABUSE

The Central Bank of Nigeria (CBN) has begun distributing new naira notes to its branches around the country. The new currency will be delivered by the CBN to business branches across the country. According to Vanguard, the Director of Currency Operations, Bello Umar, made the announcement in Abuja. Umar said: “From Thursday, (today), we will start distribution to CBN branches across the country. So that whenever we are set to launch, maybe at a later date, we already have the notes across the country.” CBN Governor, Godwin Emefiele revealed that…

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CBN TO RELEASE RE-DESIGNED NAIRA NOTES DECEMBER

The Governor, Central Bank of Nigeria, Godwin Emefiele, has announced that the bank would release re-designed Naira notes by December 15, 2022. He also said that existing notes would seize to be regarded as legal tender by January 31, 2023. Emefiele disclosed this during a press briefing in Abuja on Wednesday. The CBN said that it is worrisome that 85 per cent of the currency in circulation is being hoarded by Nigerians. He further urged Nigerians to proceed to their banks to deposit their Naira notes, adding that the deposit…

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EMEFIELE: I’M FOCUSED ON MY JOB, IT’S GOD THAT ANOINTS LEADERS

Godwin Emefiele, governor of the Central Bank of Nigerians (CBN), says it is the prerogative of President Muhammadu Buhari to map out his succession plan. Emefiele said this in response to calls for him to throw his hat in the ring and contest the 2023 presidential election. The CBN governor spoke when a ‘group of his friends’, tagged ‘Friends of Godwin Emefiele’, visited him to discuss the controversy over his rumoured presidential ambition in 2023. Emefiele, according to the group, maintained that he would leave his faith firmly in the…

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WIGWE, EMEFIELE HONOURED WITH JURIS LAW AWARD FOR OUTSTANDING CONTRIBUTIONS IN FINANCE SECTOR

The Chairman, Body of Bank CEOs and Group Managing Director of Access Bank PLC, Herbert Wigwe, has been recognised for his outstanding contributions to Corporate Governance and Rule of Law in Nigeria’s Banking Industry. Wigwe was presented the Juris Law Award by Chief Justice of Nigeria, Ibrahim Tanko Muhammad at the 2021 Judges Workshop on Banks and Other Financial Institutions Act (BOFIA) 2020 which held on Tuesday, 12 October 2021 in Abuja. Also honoured with an award was the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele. The Juris Law…

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