Nigeria’s upper legislative chamber, the Senate, on Tuesday passed for second reading an amendment Bill intended to set the tenures of Central Bank Governor and Deputy Governors at a six year single non-renewable term. The upper chamber is also proposing one year notice from apex bank on any policy for the replacement of old Naira […]
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Wednesday announced plans by the Federal Government to put into circulation new Naira notes effective from December 15 this year as part of monetary policy measures to efficiently manage the currency. The apex bank governor disclosed that the redesigned new banknotes of […]