BVN does not expire
By Starrys Obazei | May 12, 2023.starrys@ddnewsonline.com Central Bank of Nigeria, CBN, governor Godwin Emefiele has said the insinuation that the BVN expires after 10 years of issuance is incorrect.…
NDIC Begins Verification of Insured Depositors of Defunct Peak Merchant Bank
Paschal Emeka, Abuja / posted April 23, 2023 In line with its mandate of deposit guaranty and reimbursement of depositors in the event of bank failure, the Nigeria Deposit Insurance…
HURIWA Decries Non-circulation of New N200, N500, N1000, Calls for Prosecution of Emefiele
…says CBN’s Gov’s Motives are Questionable Civil rights advocacy group, Human Rights Writers Association of Nigeria, (HURIWA), on Tuesday, said the sudden disappearance of newly designed N200, N500, and N1000…
DISCOURSE: CBN gov, why are you Haunting POS Operators?
By Starrys Obazei | April 9, 2023starrys@ddnewsonline.com. The zeal with which you gave out Central Bank of Nigeria’s phone number and email address to the public for the purpose of…
Cash withdrawals: Banks now Open Saturdays, Sunday
By Starrys Obazei | March 25, 2023starrys@ddnewsonline.com. Complying with the Central Bank of Nigeria’s latest directive, commercial banks have opened their various branches today (Saturday) for customers to deposit and…
CBN to Flood Banks With old Naira Notes as NLC Plans Total Protests
By Starrys Obazei | March 23, 2023starrys@ddnewsonline.com. The Central Bank of Nigeria has finalized the arrangement to release all N1,000, N500 and N200 notes in its custody to Deposit Money…
Global Banking Crisis:
Swiss Government Superintends UBS to Take Over Credit Suisse
..The takeover would be the most significant banking bailout since the financial crisis of 2008 Investment banking company UBS has agreed to purchase its rival Credit Suisse in a deal…
Poultry farmers lose N30bn Eggs to Naira Scarcity
By Starrys Obazei | March 17, 2023starrys@ddnewsonline.com. The naira scarcity has caused serious pain for many Nigerian businesses. Poultry Association of Nigeria, PAN, narrating its own dwindling economy, said its…
US Financial Meltdown Continues, As Regulators Announce Closure of NY’s Signature Bank, Which Held Significant Crypto Stakes
…Feds say all deposits will be guaranteed U.S. regulators on Sunday announced they were intervening to close Signature Bank, marking the second U.S. bank to fail days apart and the…
Naira Crisis: Why CBN Bowed to Pressure of Reissuing old N500, N1000 Notes
By Starrys Obazei | March 14, 2023starrys@ddnewsonline.com. The biting crisis of the scarcity of naira notes that made the currency the costliest item in Nigeria has finally ended. The Central…