With newly redesigned Naira notes, there will be no huge cash withdrawal – Emefiele

WorldStage Newsonline– Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has said that with the introduction of the redesigned Naira notes, no individual or organisatiin will be allowed to withdraw huge cash without being interrogated from relevant anti-corruption agencies.

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CBN’s MPC further raises reference interest rate by 100bps to 16.5%

WorldStage Newsonline– The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose from its two-day meeting today unanimously voted to increase the Monetary Policy Rate (MPR) further by 100bps to 16.5% – the fourth consecutive rate hike and the highest rate since November 2002 (18.5%).

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National Theatre: 1st phase rehabilitation completed, to host UNWTO, FG conference on tourism, culture

WorldStage Newsonline– The first phase of the Central Bank of Nigeria-led rehabilitation of the National Arts Theatre, Iganmu, Lagos, has been completed and is set to host the United Nations World Tourism Organisation and Federal Government of Nigeria conference on “Linking tourism, culture, and the creative industries: Pathways to recovery and inclusive development,” between November 14 and 16, 2022.

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Nigeria: Finance Minister claims no consultation by CBN on plans to redesign Naira

WorldStage Newsonline– Nigeria’s Federal Ministry of Finance, Budget and National Planning said the ministry was not consulted on the new monetary policy announced by the Central Bank of Nigeria (CBN) to redesign N200, N500 and N1000 naira notes with effect from Dec 15.

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