Tag: Naira notes
Shettima to bankers: Ensure availability of cash for Nigerians
The Vice-President said this while noting that Nigerians are complaining bitterly that they are unable to access even minimal cash…
CBN unveils penalties for banks aiding hawking of Naira notes
CBN would engage in “mystery shopping” exercise and periodic “spot checks” on cash distribution and disbursement activities of banks to…
‘Sweet Victory,’ MURIC hails dismissal of suit on Arabic inscriptions on Naira
While dismissing the suit on Tuesday, Justice Yellin Bogoro affirmed that Section 53 (1) of the Banks and Other Financial…
Lagos actress Omoseyin jailed 6 months for spraying, stepping on naira notes
A Lagos-based actress Oluwadarasimi Omoseyin, has been sentenced to six months imprisonment for spraying and stepping on the new Naira…
Naira notes: There’s sufficient stock for economic activities, CBN assures Nigerians
Amidst complaints by some Nigerians about scarcity of Naira notes, the Central Bank of Nigeria (CBN) says there is adequate…
CBN orders banks to issue, accept old, redesigned Naira banknotes
This follows the order of the Supreme Court on Wednesday, November 29, 2023, granting the prayer of the Minister of Justice…
FCT residents decry scarcity of new Naira notes
Although, the Supreme Court had earlier extended the validity of the old naira notes till Dec. 31. Nigerians believe that…
Traders, drivers reject old N500, N1000 notes despite S/Court order
Nigeria’s Supreme Court ruling had declared last week that the government's rollout of newly-designed currency was unconstitutional and that old…
Economists react as traders reject Buhari’s order on old N200 notes
"I will not be part of this confusion in Buhari's government. I will not collect any old note again. My…
CBN begs banks to come for new naira notes as phase out date nears
When asked why some people were selling the new notes, Salam-Alada said that anyone caught selling the new notes or…
How redesign of Naira will control inflation in Nigeria – Don
According to him, the high circulation of money to some extent contributed to the hyperinflation in the country.
Moghalu hails CBN’s plan to redesign Naira notes
Although Moghalu supported the process, he advocated a 90-day window for implementation. According to him, the plan is necessary for…
CBN replies Finance Minister: Buhari gave us go ahead to redesign Naira notes
The apex bank made this known via its verified twitter account on Saturday, urging Nigerians to support the measure as…
CBN to Finance Minister Ahmed: Buhari approved redesign of naira notes
Godwin Emefiele, the Governor of Central Bank of Nigeria had at a press conference on Wednesday announced the plan to…
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CBN did not consult me on plan to redesign naira – Finance Minister
Mrs Usman said she was not consulted before CBN announced the decision to introduce the new naira notes.