Cash Crunch: CBN Directs Banks to Open on Saturday, Sunday
In a move aimed at alleviating people’s pains due to naira scarcity, the Central Bank of Nigeria (CBN) directs all commercial banks to open for operation on Saturdays and Sundays. …
CBN Denies Gov. Soludo, says “no Order has been Given to Banks”
In light of the growing currency crisis, the Central Bank of Nigeria has clarified its position on ordering commercial banks to accept and dispense outdated Naira notes. According to DAILY…
Naira Redesign Affected the Economy, says Manufacturers
According to the Manufacturers Association of Nigeria (MAN), among other factors, the redesign of Naira notes has had a negative impact on the economy and tends to worsen employment in…
JUST: Old N1000, N500, N200 to Remain Legal Tender as Supreme Court Overrules FG
Old N200, N500, and N1,000 notes must continue in circulation through December 31, 2023, according to a Supreme Court order. The Federal Government’s policy to redesign the naira was declared…
Six days after Presidential Election Naira Scarcity Persists
The much-anticipated presidential election is over, and the results have been announced, but Nigerians continue to struggle with access to cash. Godwin Emefiele, Governor of the Central Bank of Nigeria…
CBN Appoints Isa Abdulmumin as New Spokesperson
The Central Bank of Nigeria (CBN) has appointed Isa Abdulmumin as Acting Director of the apex bank’s Corporate Communications Department. Abdulmumin, a Deputy Director, succeeds Osita Nwanisobi as head of…
Tips on How to Spot Fake Alert
The advent of the cashless policy is a good one, but fraudsters have used it to defraud people and steal their money. It has even gone worse recently, considering the…
2023 Election: INEC Finally Receives Funds from CBN
The Central Bank of Nigeria (CBN) has finally released funds to the Independent National Electoral Commission (INEC) for election logistics. The National Commissioner of INEC disclosed this development to the…
Hacker Responsible for Fake CBN Statement says Aisha Buhari
President Muhammadu Buhari’s wife, Aisha Buhari, denied posting the fake statement on the extension of the old naira note deadline on her social media accounts. On Tuesday, a statement purportedly…
[BREAKING] CBN Orders Banks to Accept Old N500, N1,000 Notes
“No, we didn’t”, CBN clarifies The Central Bank of Nigeria has reportedly directed banks to begin collecting old N500 and N1,000 notes from the public as soon as possible. The…
[BREAKING] Buhari Orders Return of Old N200 Notes into Circulation
In a bid to ameliorate the sufferings of Nigerians, President Muhammadu Buhari has authorized the use of the old N200 note as legal tender alongside the new N200 note until…
FG Officials Want Only Old N200 Note to Remain Legal Tender Till April 10, says El-Rufai
…”N500, N1000 old Naira notes already destroyed” The Kaduna State Governor, Malam Nasir El-Rufai, has clarified that some officials within the Presidency have proposed that old N200 notes remain legal…
“Old Naira Notes Cease to be Legal Tender on Feb 10,” CBN Insists
Despite a supreme court order prohibiting the Central Bank of Nigeria (CBN) from enforcing the deadline for depositing old naira notes, the apex bank has reiterated that the new naira…
FG Orders Filling Stations to Accept Payment via POS Machines, Bank Transfers
The Nigerian government has ordered filling station owners and operators across the country to accept POS machines and bank transfers from customers or face sanctions. The nation had recently been…
[BREAKING] Naira Note: Abuja Court Restrains CBN from Extending Deadline
The Central Bank of Nigeria (CBN) has been ordered by the Federal Capital Territory (FCT) high court to proceed with the redesign of the Naira in full and not the…