The Supreme Court on Friday ordered that the old naira notes must remain in circulation till December 31 this year. The apex court ordered the Central Bank of Nigeria CBN to allow both the old naira notes and the new…
Some traders in the FCT markets are reducing the prices of goods for customers paying with cash to enable them to make sales. The traders who spoke with the News reporter in Abuja on Monday in some markets in the…
TAJBank, a fast growing non-interest financial institution has reiterated its commitment to deepen and sustain its penetration across the geo-political zones across the country. To this end, the bank opened a new branch in Kano. News reports that the Zoo…
Officials of the Central Bank of Nigeria (CBN) have embarked on cash-out exercise to ameliorate the sufferings of the people in Delta. Mr Sunny Daibo, Leader of the CBN sensitisation team on the redesigned Naira notes in Delta, disclosed this…
As the effects of the current cash crunch bite harder, Nigerians have called on the Central Bank of Nigeria (CBN) to prevail on commercial banks to dispense N100 and N50 notes to Nigerians. They made the call in separate interviews…
Many residents of Lokoja have expressed anxiety and fear on what they describe as inability of the Central Bank of Nigeria (CBN) to provide necessary instruments for effective swapping of the old naira notes. Some of the residents spoke with…
On Friday, an economic expert, Bismarck Rewane, projected a three-to-five-per cent drop in the gross domestic product (GDP) of Q1 2023 as a direct result of the naira redesign policy of the Central Bank of Nigeria (CBN). Earlier, the Central…
The Zamfara Government has interfaced with the Central Bank of Nigeria (CBN), Gusau, on the possible ways to make the new naira notes available in commercial banks across the state. This is contained in a statement on Tuesday, in Gusau,…
The Kaduna, Kogi and Zamfara State governments have filed a lawsuit against the Federal Government before the Supreme Court, seeking a restraining order to halt the full implementation of the Central Bank of Nigeria (CBN)’s naira redesign policy. The lawsuit…
The House of Representatives on Tuesday partly approved President Muhammadu Buhari’s N22,719,703,774,306.90 requests on Ways and Means Advances, WMAs, from the Central Bank of Nigeria. However, the lawmakers approved the restructuring of N1 trillion WMAs instead of the original N22.7…
