New Naira notes

Supreme Court Judgment: CBN Notifies Banks To ‘Accept Old, New Naira Notes’

Few hours after the judgment of the Supreme Court on the issue, the Central Bank of Nigeria (CBN) has directed banks in the country to issue and accept the old N200, N500, and N1000 notes alongside the redesigned versions of the banknotes

November 29, 2023

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

CBN To Reveal Banks’ Disbursement Details Of New Naira Notes

The Central Bank of Nigeria (CBN) has responded to the request made by an activist lawyer, Femi Falana (SAN), to provide details of the disbursement of the new N200, N500 and N1,000 notes. Falana had written to the central bank, in a

March 2, 2023

El-Rufai Leaves APC For Social Democratic Party

Politics

‘Buhari Approved Naira Redesign, CBN Did Recolouring’- El-Rufai

Kaduna State Governor, Nasir El-Rufai, has remodeled his opposition to Nigeria’s currency policy to focus more pointedly on the Central Bank of Nigeria Governor, Godwin Emefile, and less on President Muhammadu Buhari; This came after he directly countered Buhari’s national address on

February 20, 2023

Currency·Finance & Economy·Insights

7 Important Takeaways From Buhari’s Speech On Naira Policy

The CBN on 26 October 2022, announced the introduction of redesigned N100, N200, N500 and N1,000 banknotes into the financial system and in December 2022, introduced the new naira note design to the public. However, the governor of the Central Bank of

February 16, 2023

Looming Danger of Docile Political Opposition

2023 Elections·Business·Politics

Cashless Economy and Presidential Cabal – Salihu Moh. Lukman

Nigerians are today faced with the most uncertain of times. With national elections few days away and deliberate cash squeeze enforced by a deliberate policy of the Central Bank of Nigeria (CBN). First announced on October 26, 2022, new N200, N500 and

February 8, 2023

EFCC Questions Actress Over Spraying, Stepping On New Naira Notes

News

EFCC Questions Actress Over Abuse Of New Naira Notes

Operatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) have commenced investigation of Oluwadarasimi Omoseyin, an actress and cosmetologist, for allegedly tampering with the redesigned Naira notes, an offence contrary to Section 21 (5) of the Central

February 4, 2023

Currency·News

EFCC Arrests Racketeers Of New Naira Notes

Operatives of the Economic and Financial Crimes Commission (EFCC), have arrested members of a syndicate of currency racketeers hoarding and trading with the redesigned Naira notes. According to a statement by the EFCC’s Head of Media and Publicity, Wilson Uwujaren, the suspects

February 1, 2023

KPMG Makes Naira Projection After Foreign Capital Importation Drops To $1.06 billion

Currency

Naira Redesign: Commuters Stranded As Traders, Artisans Reject Old Notes In Enugu

By Ndidiamaka Ede & Makwe Nkiruka The unavailability of the new naira notes has caused palpable uneasiness among commuters in parts of Enugu State. Traders, artisans, and POS operators have stopped collecting old notes for almost a week now for fear of

January 29, 2023

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business

CBN Fumes As Politicians Mop Up New Naira Notes In Nigerian Banks

Commercial banks in Nigeria risk sanction from the country’s financial regulator, the Central Bank of Nigeria (CBN), for exclusively dishing out the new naira notes politicians. In a statement signed by Benedict Maduagwu, the CBN’s Awka-Anambra State Branch Controller, the financial regulator

January 13, 2023

UBA Limits Daily Withdrawal Of New Naira Notes, As Scarcity Hit Banks

Business

UBA Limits Daily Withdrawal Of New Naira Notes, As Scarcity Hits Banks

Nigerian banks are rationing the new naira notes, struggling to increase circulation, as the deadline to phase out the old legal tender nears. Prime Business Africa reported that the Central Bank of Nigeria (CBN) redesigned the naira notes in the fourth quarter

January 10, 2023

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Supreme Court Judgment: CBN Notifies Banks To ‘Accept Old, New Naira Notes’

CBN To Reveal Banks’ Disbursement Details Of New Naira Notes

‘Buhari Approved Naira Redesign, CBN Did Recolouring’- El-Rufai

7 Important Takeaways From Buhari’s Speech On Naira Policy

Cashless Economy and Presidential Cabal – Salihu Moh. Lukman

EFCC Questions Actress Over Abuse Of New Naira Notes

EFCC Arrests Racketeers Of New Naira Notes

Naira Redesign: Commuters Stranded As Traders, Artisans Reject Old Notes In Enugu

CBN Fumes As Politicians Mop Up New Naira Notes In Nigerian Banks

UBA Limits Daily Withdrawal Of New Naira Notes, As Scarcity Hits Banks

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