By Praise Benjamin The Central Bank of Nigeria has in recent time been working tirelessly to regulate the system’s economy and get complete control of “all cash in circulation” throughout the country. This is a laudable move, as it promises to offer numerous advantages, such as lowering the inflation rate, regulating prices of goods, monitoring … Read more
CBN has provided fresh information on the Cash withdrawal limits. EKO HOT BLOG reports that Central Bank of Nigeria (CBN) has said the new cash withdrawal limits was a continuation of the cashless policy launched in 2012. The Deputy Governor of Financial System Stability, CBN, Aisha Ahmad, made this known while appearing before the House … Read more
The CBN has revised the cash withdrawal limit. Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has revised the cash withdrawal limit earlier announced this month. EDITOR’S PICKS Nigerians To Monitor Capital Projects In Real-time As Buhari Launches Eyemark App 2023: “Cross River Will Play Leading Role In Our Economic Uplift” – … Read more
Emefiele has written Reps over a briefing on cash withdrawal limits. EKO HOT BLOG reports that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that he’s sick and will not appear before the House of Representatives on Thursday. This was disclosed after he failed to honour an invitation by members … Read more
CBN has unveiled the security features of the new naira notes. EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has released the security features of the new Naira notes. EDITOR’S PICKS [JUST IN] Yuletide: Police Ban Open Street Carnivals In Osun BREAKING: Ramaphosa Re-elected As South African President Govt Shuts Down Over … Read more
Emefiele has refused to appear before reps over cash withdrawal limits. EKO HOT BLOG reports that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday failed to honour the invitation by members of the House of Representatives to explain the proposed cash withdrawal limit policy. This will be the second time … Read more
There are already fake copies of the redesigned naira notes in circulation just a few days after they were released to the public. Eko Hot Blog reports that there are specific features that can help you differentiate a fake naira note from a genuine one. EDITOR’S PICKS Court Halts DSS Move To Arrest Emefiele Over … Read more
A court has halted the DSS move to arrest Emefiele over an alleged link to terrorism. Eko Hot Blog reports that a federal high court sitting in Abuja has refused to grant the Department of State Services (DSS) an application to arrest and detain the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. … Read more
State Governors have rejected the withdrawal limit policy by the CBN. EKO HOT BLOG reports that the Nigeria Governors Forum (NGF) has rejected the N100,000 cash limit recently imposed by the Central Bank of Nigeria (CBN), stressing that the policy will hurt the economy and Nigerians living in rural areas. The forum, after its meeting … Read more
CBN has lamented over the poor repayment of the apex bank loans provided to the public. EKO HOT BLOG reports that the Deputy Governor (Financial System Stability Directorate) of the Central Bank of Nigeria, Aishah Ahmad, has expressed concerns over the poor repayment of loans provided by the apex bank. Aishah, while speaking at the … Read more
Senate has postponed the hearing of a committee’s report on CBN’s cash withdrawal policy. EKO HOT BLOG reports that the Nigerian Senate has shifted its debate on the Central Bank of Nigeria’s (CBN) new policy on cash withdrawals till Wednesday, December 14, 2022. The Senate said the postponement was over the absence of the Chairman … Read more
Falana has tackled CBN over the cash withdrawal limit policy. EKO HOT BLOG reports that a Senior Advocate of Nigeria (SAN), Femi Falana, has tackled the Central Bank of Nigeria (CBN), saying the bank’s recent reintroduction of the cash withdrawal limit is illegal. The human rights lawyer argued that the policy was illegal because the … Read more
APC and PDP are reportedly taking action against the new CBN withdrawal policy. EKO HOT BLOG reports that the implementation of a new policy by the Central Bank of Nigeria (CBN), has stirred fear among political parties and politicians ahead of the 2023 general elections. Recall that the apex bank on Tuesday had limited over-the-counter … Read more
Emefiele has stated that Buhari is satisfied with the new development in the banking system. EKO HOT BLOG reports that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said on Thursday that President Muhammadu Buhari was again satisfied with the ongoing development of the banking system. According to the apex bank governor, … Read more
Emefiele met with Buhari in Katsina. EKO HOT BLOG reports that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Thursday met with President Muhammadu Buhari in Daura, Kastina State. This online media platform gathered that the meeting between the Governor of the apex bank and President Buhari might be with respect … Read more
CBN has slashed the daily withdrawal limit to N20,000 per day at POS and N100k per week from banks. EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has limited weekly cash withdrawals over the counter to N100,000 for individuals and N500,000 for organisations regardless of their size. This is according to a … Read more
FG is set to sanction FIRS, NNPC, and other MDAs for engaging in backdoor recruitment. EKO HOT BLOG reports that the Federal Government has threatened to sanction the Federal Inland Revenue Service, Nigeria National Petroleum Corporation Limited, Central Bank of Nigeria, and the Nigeria Customs Service, among other MDAs, for secret recruitment into federal civil … Read more
Buhari has explained why he approved the redesign of some Naira notes. Eko Hot Blog reports that President Muhammadu Buhari has said he approved the redesign of the ₦200, ₦500 and ₦1000 banknotes to fortify them with new security measures against counterfeiting. EDITOR’S PICKS One Killed, Several Injured As Multiple Explosions Rock Jerusalem Buhari To … Read more
Atiku camp has described the new naira notes as renewed ‘hopelessness.’ EKO HOT BLOG reports that the spokesman of the Atiku/Okowa Presidential Campaign Council (PCC), Daniel Bwala, on Wednesday reacted to the re-designed naira notes unveiled in Abuja. This online media platform gathered President Muhammadu Buhari unveiled the re-designed N200, N500, and N1000 notes at … Read more
President Buhari has officially unveiled the redesigned naira notes to the general public. EKO HOT BLOG reports that the Federal Government of Nigeria has officially unveiled the redesigned naira notes to the public. President Muhammadu Buhari unveiled the newly designed Naira notes at the Federal Executive Council meeting held in Abuja. EDITOR’S PICKS BREAKING: Nnamdi … Read more