CBN

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Background

Business

BREAKING: Buhari Launches CBN’s E-naira

President Muhammadu Buhari will unveil the Central Bank Digital Currency (CBDC), known as the eNaira, today at the State House, Abuja. The Central Bank of Nigeria (CBN) had in February barred banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies, warning of “severe regulatory sanctions” and freezing accounts of firms it said are using them. CBN Governor Godwin Emefiele has said the eNaira would operate as a […]

todayOctober 25, 2021 6

Crime

See How A Fake CBN Agent Who Duped 64 People of N6m Was Caught

Men of the Kano state police command have arrested a 38-year old man named Buhari Hassan, who has reportedly duped 64 people of six million naira. Buhari was able to carry out his treacherous act by posing as an agent of the Central Bank Of Nigeria (CBN). The spokesperson Of the Kano state police command, DSP Abdullahi Haruna Kiyawa revealed that Buhari was arrested at Yankaba quarters. He said: “On […]

todaySeptember 9, 2021 4

Agriculture

Embrace The Anchor Borrowers’ Programme, CBN Governor tells Bandits

  The Anchor Borrowers’ Programme (ABP) was launched by President Muhammadu Buhari in November 2015 with the aim of creating a linkage between anchor companies involved in the processing and Smallholder Farmers (SHFs) of the required key agricultural commodities. The scheme is one of the Federal Government-funded initiatives aimed at tackling food insufficiency, diversify the economy away from oil, creating jobs for the youth and reducing poverty. Nigeria’s apex bank […]

todayMay 26, 2021 4

Business

CBN To Sanction Dealers Who Reject Old/Lower US Dollars Denomination

The Central Bank of Nigeria has said it will sanction foreign exchange dealers that reject old and lower denominations of the dollar notes. It gave the warning on Tuesday in a circular to all Deposit Money Banks, Bureau De Change Operators and the general public signed by the Director, Currency Operations Department, CBN, Ahmed Umar, titled ‘The rejection of old, lower denomination of United States dollar by DMBs/ forex dealers’. […]

todayApril 21, 2021 3

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