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Cash
Business

CBN limits cash withdrawals to N20,000 daily, N100,000 weekly

The Daily Leaks

By Marvelous Nyang The Central Bank Of Nigeria (CBN) has come up with a new policy on cash withdrawal for individuals and organisations effective from January 9, 2023. The CBN in a fresh memo to […]

Buhari
Business

Buhari summons emergency security meeting, backs CBN on Naira redesign

The Daily Leaks

By Marvellous Nyang President Muhammadu Buhari will on Monday, October 31, 2022, in Abuja meet with security chiefs to further review and strengthen the security network in the country. Garba Shehu, the President’s spokesman asserted […]

Naira
Business

Over 80℅ of currency is circulation hoarded, CBN to redesign Naira notes — Emefiele

The Daily Leaks

The Central Bank of Nigeria (CBN) is planning to release redesigned Naira notes by December 15, 2022, while the existing notes would seize to be regarded as legal tender by January 31, 2023. The CBN […]

Osinbajo
Business

FG’s faults: Stop blaming Osinbajo — Lemo, CBN ex-dep gov, cautions

The Daily Leaks

• Explain how govt works to Nigerians • Say VP has no executive approving powers By Oluwafemi Popoola A former deputy governor of the Central Bank of Nigeria (CBN), Tunde Lemo, has spoken in defense […]

Central Bank
Business

Fidelity Bank sensitises customers on opportunities in non-oil exports, CBN RT200 FX policy

The Daily Leaks

The Central Bank of Nigeria’s (CBN) efforts towards actualising $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years have been given a major boost with a recently held workshop […]

Fidelity
Business

Fidelity Bank restates support for CBN FX repatriation push

The Daily Leaks

• Sensitizes customers in emerging opportunities in non-oil exports Fidelity Bank Plc, a leading Nigerian bank, has reaffirmed its commitment to actively support the Central Bank of Nigeria’s (CBN) efforts to achieve its goal of […]

Buhari
Health

CBN/Forex: Buhari backs Osinbajo on call for synergy between fiscal, monetary authorities

The Daily Leaks

• President tasks ministers on project delivery • Directs SGF to convene quarterly coordination meetings on nine priority areas President Muhammadu Buhari has pulled his weight behind the Vice President Yemi Osinbajo’s call on the […]

Osinbajo
Health

FACT FILE: Osinbajo wants CBN to serve Nigerians, investors’ interests with FOREX, not to devalue Naira

The Daily Leaks

• Advises CBN to review strategy, synergize, to make naira exchange rate reflect market reality BACKGROUND Against the viral media reports of a section of the media interpreting the position of Nigeria’s Vice President, Prof […]

Bank
Health

Osinbajo to CBN: Review forex management strategy, synergize on fiscal, monetary policies

The Daily Leaks

• As VP narrates how Buhari’s ESP post-Covid-19 stimulus rescued economy, safeguarded jobs • Wants CBN, commercial banks to ensure speedy release of structured lending Nigeria’s Vice President, Prof Yemi Osinbajo, SAN, has urged the […]

E-Naira
Business

CBN postpones October 1 e-Naira launch

The Daily Leaks

The Central Bank of Nigeria (CBN) has announced the postponement of the proposed launch of its digital currency, e-Naira. A statement by CBN Director of Communications, Mr Osita Nwanisobi, said that the launch, which was […]

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