By Bridget Edokwe, BarristerNG Due to the recent hiccups experienced by bank customers and their inability to use mobile apps and other digital touchpoints, Nigerians have begun the search for alternatives as fintech firms have taken over the ecosystem and provided better experiences. These licensed mobile operators have provided relief to many Nigerians at the
By Ogar Monday On October 26, 2022, Nigeria’s financial regulatory agency, the Central Bank of Nigeria, CBN, announced that it intends to withdraw and redesign the country’s N200, N500, and N1000 notes. Godwin Emefiele, the CBN Governor, revealed that the redesign and recall of the old note was, amongst other things, an effort to mop
By Sarah Wakili, Channels Tv The Central Bank of Nigeria (CBN) says there is no going back on the February 10, 2023 deadline for the swapping of the old N1,000, N500, and N200 notes. While there has been controversy over the deadline with some governors dragging the apex bank to the Supreme Court and the
By CrossRiverWatch Admin The Central Bank of Nigeria (CBN) has bowed to public pressure and extended the deadline for the use of the old notes till February 10, 2023. CBN Governor, Godwin Emefiele, made this known while granting Journalists an audience on Sunday 29th January 2023. Godwin said the apex bank had the approval of
By Bakare Majeed, Premium Times The House of Representatives has summoned the Central Bank of Nigeria Governor, Godwin Emefiele, over the new restrictions on cash withdrawals. The House resolved that Mr. Emefiele should appear before it next Thursday. The decision to summon Mr. Emefiele followed a motion of matter of urgent public importance moved by
By Jonathan Ugbal Six years after the March 11, 2016, explosion that rocked the Calabar branch of the Central Bank of Nigeria, the country’s apex bank is yet to investigate the incident and make effort to pay claims by families of the victims of that unfortunate incident. Findings by CrossRiverWatch shows that the leadership of
By Efa Sunday, Government House Correspondent The Cross River State Governor, Senator Ben Ayade and the Governor of Central Bank of Nigeria, Mr. Godwin Emefiele today jointly flagged off wet season rice farming and other Agricultural value chains in Calabar. The official ceremony was carried out on the 32, 000 square kilometer site of the
By Jonathan Ugbal: Government House Correspondent Cross River Governor, Senator Ben Ayade defied torrential rainfall on Thursday to launch the accelerated agricultural development scheme (AADS) of the Central Bank of Nigeria (CBN) in the state with a view to make farming more interesting. The scheme, Mr. Ayade said, is expected to put an end to