Following the proposed move by the Central Bank of Nigeria, CBN, to redesign Naira notes, the Senior Pastor of Awaiting The Second Coming Of Christ Ministry, Adewale Giwa, has warned that it will set the country backwards. According to Giwa,…
By Idris Bakare Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has urged financial managers to take proactive steps against rise in cybercrime in the country. Emefiele made the call at the second national risk management conference in…
The Central Bank of Nigeria (CBN) said it followed due process in its decision to redesign some denominations of the naira, adding that the exercise was 12 years overdue. The apex bank made this known via its verified twitter account…
By Adenike Agunsoye The Lagos Chamber of Commerce and Industry under the leadership of Dr. Chinyere Almona has said that proposing a sudden withdrawal of notes for replacement with redesigned notes is of no economic benefit to the country. She…
By Matthew Denis Abuja Barly two days after the Central Bank of Nigeria (CBN) announced planned redesign of the naira the minister of Finance, Budget and National Planning, Zainab Ahmad, has rejected the idea, warning that it will have a…
By Idris Bakare The Central Bank of Nigeria (CBN) recently took its ongoing sensitisation campaign on its digital currency -eNaira- to students and community of University of Lagos, Akoka, Lagos. The exercise saw officials of the apex bank’s eNaira team…
The Central Bank of Nigeria, CBN, has been asked to remove the Arabic inscription from the redesigned naira notes. Tever Akase, Senior Special Assistant to Governor Samuel Ortom on Media and Publicity, said all Nigerian languages should be on the…
A group, Concerned Northern Forum, has called for the suspension of redesigning of the N200, N500 and N1000 notes, saying the measure would be detrimental to the nation’s economy. The group’s spokesman, Mr Abdulsalam Kazeem, made the call in a…
…Says 85% existing currency notes hoarded in private custody …Release of re-designed Naira notes to commence in December …Advancement in printing technology made counterfeiting notes easier …Redesigning to curb counterfeit notes, hamper ramson payment to terrorists, kidnappers – Apex bank…
The Economic and Financial Crimes Commission (EFCC) has applauded the move by the Central Bank of Nigeria (CBN) to redesign and reissue higher denominations of the Nigerian currency, the Naira. The CBN Governor, Godwin Emefiele, on Wednesday announced that the…
