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Naija News 1 year ago 95

Naira Crisis: CBN authorizes use of old notes

The Governor of Anambra State, Prof. Charles Soludo, confirmed on Monday that the Central Bank of Nigeria has asked commercial banks to dispense and accept old...

Naija News 1 year ago 85

Naira Policy: CBN has Directed Banks to Accept & Collect Old Notes - Soludo

The former CBN governor and incumbent Governor of Anambra state, Prof Charles Soludo has confirmed through a press release that commercial banks have been direc...

Naija News 1 year ago 814

Naira Redesign: CBN silence keeps banks, business owners in confusion

The apex bank has remained silent days after the Supreme Court invalidated the Central Bank of Nigeria's Naira redesign policy.However, according to Daily Post...

Naija News 1 year ago 114

EFCC, ICPC probe depositors of old naira at CBN branch

Anti-corruption agencies are investigating depositors of millions of old N500 and N1,000 notes at the Central Bank of Nigeria's Ilorin branch, according to Naij...

Naija News 1 year ago 105

CBN orders banks to start collecting old 500 & 1000 Notes

Sequel to the long queue being experienced at the Central Bank of Nigeria branches nationwide, the CBN has ordered banks to start collecting the old N500 and N1...

Naija News 1 year ago 84

Supreme Court Adjourns Suit on old naira notes till Wednesday, February 22nd February, 2023.

Supreme Court adjourns suit on old, new naira notes till Wednesday, February 22 for a hearing of the consolidated suits by 10 states.Kogi, Kaduna and Zamfara St...

Naija News 1 year ago 86

CBN Will Honour Supreme Court Decision - AGF

Though he has already filed a case against the decision but the Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, SAN, has said th...

Naija News 1 year ago 79

Naira Policy: We Failed with our Planning - CBN Claims

The Central Bank of Nigeria has admitted that the ongoing scarcity associated with the naira redesign and cash withdrawal policy was not anticipated and that th...

Naija News 1 year ago 107

Supreme Court Stops CBN From Banning Old Naira Notes

In the latest development, the Supreme Court earlier today has temporarily stopped the move by the federal government to ban the use of the old naira notes from...

Naija News 1 year ago 85

Breaking: CBN Extends Old Naira Use Deadline Till February 10

CBN Governor, Godwin Emefiele, announced the extension in a statement signed on Sunday.He explained that the apex bank has sought approval from President Muhamm...

Naija News 1 year ago 95

CBN Extends Old Note Swapping Date

After several criticism by some Nigerians, the Central Bank of Nigeria has finally extended the deadline for the exchange of old naira notes by 10 days.In a pre...

Naija News 1 year ago 99

Reps ask CBN to extend deadline for old notes by 6 months, summon bank MDs

The Central Bank of Nigeria has been asked by the House of Representatives to extend the window for accepting old naira notes by six months.Additionally, the Ho...

Naija News 1 year ago 87

Redesigned Notes: Senate directs CBN to extend mop up by 6 months

The Central Bank of Nigeria (CBN) was urged by the Nigerian Senate on Tuesday to continue collecting old Naira notes through July 31, 2023.Following a lengthy d...

Naija News 1 year ago 101

CBN increases interest rate to 17.5%

The Monetary Policy Committee of the Central Bank of Nigeria, CBN, has unanimously voted to increase the benchmark interest rate by 100 basis points to 17.5 per...

Naija News 1 year ago 99

CBN Adjusts Cash Withdrawal Policy

Following the uproar and condemnation of the cash withdrawal policy by the apex bank, the Central Bank of Nigeria (CBN) has now adjusted the policy benchmark by...

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