The Central Bank of Nigeria (CBN) on Monday directed commercial banks in Nigeria to dispense and receive the old N200, N500, N1000 bank notes. The bank said the notes remain legal tender until 31 December, as directed by the Supreme … Continue Reading…….
Some state governments are planning to initiate contempt proceedings against the federal government and the Central Bank of Nigeria (CBN) over their non-compliance with the Supreme Court judgments on the naira redesign policy. Last week, the supreme court ruled that the old N200, N500, … Continue Reading…….
The Supreme Court of Nigeria has declared the old naira notes valid till 31st December 2023. It was jubilation galore across the country yesterday following the ruling of the Supreme Court that the old N1,000, N500 and N200 bank notes … Continue Reading…….
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to allow only the old N200 remain legal tender until April 10, 2023, in order to improve currency circulation in the country and ease pain experienced by Nigerians due … Continue Reading…….
Governor Oluwarotimi Akeredolu of Ondo State, on Wednesday, stated that the Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, is not fit to head the apex bank and therefore should be suspended from the position. According to Akeredolu, … Continue Reading…….
The Supreme Court of Nigeria today 15th February 2023 hears case on CBN’s naira swap policy. At the last hearing, the Court had temporarily banned the implementation of the February 10, 2023 deadline of the CBN making the old N200, … Continue Reading…….
The International Monetary Fund (IMF) has urged the CBN to extend the deadline for use of the old notes given the disruptions in trading activities occasioned by the scarcity of the new notes and especially, if the scarcity of the … Continue Reading…….
Senior Advocate of Nigeria (SAN) Femi Falana has stated that the CBN must obey the order of Supreme Court. According to him, alternative to obeying the Court, is to compound the ongoing anarchy and chaos in the land. Femi Falana, … Continue Reading…….
The Central Bank of Nigeria (CBN) has warned Nigerians to ignore Supreme Court ruling and deposit their old naira notes as deadline draws nearer. Dele Farotimi, a Public Affairs Analyst and a retired Lawyer has reacted to the Supreme Court … Continue Reading…….
The Supreme Court has stop the CBN from ending the use of old naira notes by February 10, 2023. The Supreme Court gave the order in a suit filed by three APC-controlled states – Kaduna, Kogi and Zamfara. The Supreme … Continue Reading…….
The Central Bank of Nigeria (CBN) has said that paper currency will soon be out of circulation, urging market men and women to sign into the e-Naira. The Delta State Branch Controller of CBN, Mr Godwin Okafor, stated this on … Continue Reading…….
It has been revealed that the Central Bank of Nigeria’s ban of cryptocurrency was an immediate reaction to the hijack of a commercial bank’s data and demand for a ransom payment in bitcoins by some cyber criminals. According to a … Continue Reading…….
A British lawmaker has just revealed that former military leader General Yakubu Gowon has stolen half of Nigeria central bank funds. The lawmaker and member of the United Kingdom parliament accused General Yakubu Gowon, a former Nigerian Head of State of … Continue Reading…….