The Central Bank of Nigeria has instructed all its branches nationwide to continue issuing various denominations of both old and redesigned banknotes in ample quantities to deposit money banks.The apex bank disclosed this in a statement signed by its Director, Corporate Communications, Isa AbdulMumin, and posted on its X handle on Wednesday.This comes in response to reports of cash shortages in major cities, despite earlier assurances from the CBN about sufficient c...

The Central Bank of Nigeria (CBN, is set to release all N1,000, N500, and N200 notes in its custody to deposit money banks.A source at the CBN disclosed this to the Naijacrawl on Wednesday.According to him, the apex bank has concluded plans to disburse old notes to Deposit Money Banks across the country starting from Thursday (today).He added that the development would end the two-month-long Naira scarcity in Nigeria.This comes on the heels of the Nigeria Labour Con...

Residents of Ilorin, the capital of Kwara State, reacted variously on Tuesday to the Monday directive of the Central Bank of Nigeria (CBN) asking commercial banks to receive and dispense the old N200, 500, and 1,000 notes.While the majority of the residents described the directive as a good development, others said it will only impact positively if effective and vigorous sensitization and public enlightenment campaigns are carried out by the CBN to restore the confi...