The attempts by former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to forcibly replace certain denominations of the Naira without adequate preparation remain a dark chapter in Nigeria’s economic history. The policy, which resulted in a severe…
The Central Bank of Nigeria (CBN) has stated that the old N200, N500, and N1,000 banknotes will cease to be legal tender by December 31, 2024. In a statement by Mrs. Sidi Ali, the Acting Director of Corporate Communications, the…
By Sodiq Adelakun In a significant announcement on Wednesday, the Central Bank of Nigeria (CBN) has instructed all Nigerian banks and citizens to recognise both old and redesigned Naira notes as legal tender. This directive was communicated through a statement…
By Sodiq Adelakun In recent weeks, reports of a scarcity of naira notes have emerged from various parts of Nigeria, causing concern among citizens and businesses alike. However, the Central Bank of Nigeria (CBN) has come forward to shed light…
The operatives of the Economic and Financial Crimes Commission (EFCC) in Akure South and Akure North Local Government Areas of Ondo State have arrested some Point of Sales (PoS) operators allegedly selling naira at a high prices. It was gathered…
By Olumide David Nigerians have continue to reject old naira notes as the Central Bank of Nigeria (CBN) is yet to address the country, despite Supreme court order. According to NewsDirect correspondent findings, Nigerian banks on Tuesday started dispensing old…
Financial and economic experts have lauded the Friday’s judgment of the Supreme Court invalidating the naira redesign policy of the Central Bank of Nigeria (CBN). News in Ibadan reports that the apex court had invalidated the naira redesign policy, ordering…
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…
Gov. Bello Matawalle of Zamfara has cautioned deposit money banks in the state against hoarding of new Naira notes. Matawalle spoke on Monday when he paid an unscheduled visit to the Gusau branch of the Central Bank of Nigeria (CBN)…
Scores of youths and students in Ibadan, Oyo State have staged another protest against the lingering scarcity of naira notes and petroleum. The Monday morning protest took off from the front gate of the University of Ibadan on Monday. The…
