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
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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;
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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
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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).
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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,
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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
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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
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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
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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
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Multiple sources within the banking industry have confirmed that the weeks leading to the January 31 termination of old naira notes will see banks cut down on maximum amount for single ATM
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