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old naira notes - Page 3

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

Fitch Says Naira Scarcity Will Affect Dollar Demand, Exchange Rate

Global credit ratings agency, Fitch Ratings, has warned that Nigeria’s exchange rate might appreciate due to scarcity of Naira notes. Fitch made this known in a report dated 14 February 2023 and titled ‘Nigeria’s Economic Challenges Highlight Importance of Post-Election Policies’. The

February 17, 2023

Business

Naira Scarcity: 17 Bank Branches Attacked, Bank Workers Threaten Strike

Naira scarcity has resulted in attacks on 17 bank branches and N5 billion loss for the Deposit Money Banks (DMB), as the Central Bank of Nigeria (CBN) struggles to implement the Naira redesign policy. This was disclosed by the Association of Senior

February 17, 2023

Business

Naira Redesign: Emefiele Issues New Directive To 15 Banks, Dismisses Supreme Court Order

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said he met with some banks on Thursday, 17 February 2023, to discuss how the N200 notes can be disbursed to Nigerians. Emefiele revealed that at least 15 banks have received

February 17, 2023

Buhari's 8years in Office: No Better Way To Squander Goodwill

Business

Buhari Says Old N200 Notes To Remain Legal Till April, Rules Out N500, N1,000 Notes

President Muhammadu Buhari has announced that the old N200 notes will remain legal tenders till 10 April 2023, as he makes changes to the Central Bank of Nigeria’s (CBN) directive to banks. Buhari, in a nationwide broadcast on Thursday, 16 February 2023,

February 16, 2023

Business

CBN Reveals Three Steps To Deposit Old Naira Notes, Says Commercial Banks Will Not Accept It

The Central Bank of Nigeria (CBN) has stated that old Naira notes can only be deposited at the apex bank, disclosing that commercial banks will no longer accept them. In a statement on Monday, 13 February 2023, Haladu Andaza, the CBN Branch

February 14, 2023

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

Business

Court Stops CBN From Extending Old Naira Use Beyond February 10 Deadline

The Federal Capital Territory (FCT) High Court at Wuse Zone 2, Abuja, has ordered the Central Bank of Nigeria (CBN) to maintain the 10th February deadline for phasing out the old,₦1,000, ₦500 and ₦200 banknotes. The court also barred President Muhammadu Buhari

February 6, 2023

Business·News·Top Stories

Banks Struggle With New Naira Notes On ATMs

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 withdrawals. Further inquiry reveals that customers may soon not be

January 9, 2023

Nigeria’s Minimum Wage Now N19,355 – World Bank Says, Reveals Factors Hindering Growth

Business·Currency

1.4 million Agents To Help Rural, Urban Dwellers Meet January 31 Deadline For Old Naira Notes – CBN

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said residents in rural areas have no excuse for not depositing old naira notes before the phase-out deadline of January 31, 2023. There were unconfirmed reports that herdsmen and their leaders

November 23, 2022

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old naira notes - Page 3

Fitch Says Naira Scarcity Will Affect Dollar Demand, Exchange Rate

Naira Scarcity: 17 Bank Branches Attacked, Bank Workers Threaten Strike

Naira Redesign: Emefiele Issues New Directive To 15 Banks, Dismisses Supreme Court Order

Buhari Says Old N200 Notes To Remain Legal Till April, Rules Out N500, N1,000 Notes

CBN Reveals Three Steps To Deposit Old Naira Notes, Says Commercial Banks Will Not Accept It

Court Stops CBN From Extending Old Naira Use Beyond February 10 Deadline

Banks Struggle With New Naira Notes On ATMs

1.4 million Agents To Help Rural, Urban Dwellers Meet January 31 Deadline For Old Naira Notes – CBN

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