DESPITE COURT JUDGMENT, NO ACCESS TO NAIRA NOTES
Days after the Supreme Court’s ruling overturning the Central Bank of Nigeria’s (CBN) decree to stop accepting the old and new Naira notes as legal cash as of February 10,…
NAIRA MAINTAINS GAINS AT THE OFFICIAL MARKET DESPITE SHORTAGES
On Thursday, the naira gained more ground against the US dollar in the Investors and Exporters window, extending its three-day winning streak despite the country’s ongoing cash shortage that is…
ACCORDING TO NACCIMA, THE CBN SHOULD INSTEAD INTRODUCE NOTES OF N5,000.
The Central Bank of Nigeria should have launched a N5,000 note rather than redesigning the current notes, according to Sola Obadimu, Director-General of the Nigerian Association of Chambers of Commerce,…
VIDEO: TERRORISTS ARE SHOWN IN A VIRAL VIDEO CARRYING WADS OF NEWS NAIRA NOTE.
In a popular video, Machalla Baleri, a well-known terrorist leader, can be seen showing off stacks of fresh naira notes amid a shortage of the currency. Banking halls at several…
AS CLIENTS FLOOD DELTA BANKS WITH OLD NAIRA NOTES, BANKS ABIDE THE CBN DIRECTIVE.
Commercial banks in Delta State on Saturday saw a surge of clients anxious to deposit their old naira notes before the deadline of January 31st, in accordance with the Central…
CBN TO BANKS: INSERT FRESH BILLS INTO ATMS TO AVOID SANCTIONS
The Central Bank of Nigeria (CBN) keeps track of whether commercial banks are feeding the new naira notes into automated teller machines on a daily basis (ATMs). Kofo Salam-Alada, Director…
ONLY 4 OF YOBE’S 17 LGAS HAVE BANKS, GOVERNOR BUNI LAMENTS.
In light of the deadline of January 31 for the use of old Naira notes as legal tender, Yobe State Governor, Hon. Mai Mala Buni, has pleaded with the Central…
POS EMPLOYEES AND CBN DISCUSS OUTDATED NAIRA NOTES.
On Monday, the Central Bank of Nigeria (CBN) will hold a meeting with mobile money and point-of-sale representatives to discuss plans for the recently launched cash swap program, which aims…
CBN DEADLINE: NIGERIANS COMPLAIN ABOUT A LACK OF MINTS AS BANKS CONTINUE TO USE OLD NAIRA NOTES
Some Kogi residents have complained about the lack of new Naira notes in the state. This is because some residents complained that some of the state’s banks were still dispensing…
NAIRA REDESIGN IS LONG OVERDUE – CBN
The Central Bank of Nigeria (CBN) said on Thursday that the decision to redesign the N200, N500, and N1,000 notes was long overdue, and that it followed the law and…
