CBN Act

Business | Corporate Affairs | Economy | Matters Arising

Central Bank of Nigeria Affirms That All Banknotes, New and Old, Remain Legal Tender
ByGovernMend Nigeria November 8, 2023November 8, 2023

The Central Bank of Nigeria (CBN) has clarified that all banknotes, whether old or new, remain valid legal tender in the country. This announcement comes in response to reports of currency shortages and the rejection of older banknotes in some regions. The CBN made this statement on its X Platform, addressing concerns and ensuring the…

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Governance | Matters Arising | Politics

Senate Advances Bill to Keep CBN Governors out of Partisan Politics and Prohibit Use of Foreign Currency in Local Transactions
ByGovernMend Nigeria October 28, 2023October 28, 2023

Two bills related to the Central Bank of Nigeria (CBN) have passed the second reading in the Nigerian Senate. These bills aim to prohibit a serving Governor of the CBN from participating in partisan politics and seek to reposition the bank for greater efficiency. The move comes after the immediate past CBN governor, Godwin Emefiele,…

Read More Senate Advances Bill to Keep CBN Governors out of Partisan Politics and Prohibit Use of Foreign Currency in Local Transactions