The Central Bank of Nigeria (CBN) has officially dismissed claims regarding the introduction of new N5,000 and N10,000 banknotes, labeling such reports as false and misleading. False Reports on High-Denomination Banknotes Recent widespread speculations suggested that the apex bank was preparing to roll out high-value currency denominations to streamline cash transactions and enhance liquidity management […]
The Central Bank of Nigeria (CBN) has officially appointed 16 new directors to oversee critical departments, effective March 3. This strategic move aims to enhance the bank’s regulatory, supervisory, and policy-driven functions, ensuring improved efficiency in the nation’s financial system. CBN’s Newly Appointed Directors and Their Departments The newly appointed directors and their respective departments […]
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Introduction The Centre for the Promotion of Private Enterprise (CPPE) has expressed support for the Central Bank of Nigeria’s (CBN) recent decision to pause interest rate hikes. Dr. Muda Yusuf, Chief Executive Officer of CPPE, described this move as a step in the right direction and aligned with economic expectations. CPPE’s Call for Future Rate […]
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Central banks play a pivotal role in stabilizing a nation’s currency and economy through the implementation of monetary policies. However, their actions are often misunderstood, especially during times of economic challenges. According to PwC, it is crucial for central banks to communicate their objectives clearly and effectively to foster a proper understanding and positive public […]
