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Tag: CBN

The old 500 and 1000 naira noted
Business

Old naira: Buhari, CBN, govs throw Nigerians into confusion

El-Rufai, Ganduje, Abiodun disregard Buhari’s order… Nigerians have been thrown into a state of confusion by the President, Major General Muhammadu Buhari, the Central Bank of Nigeria and some state governors owing to their conflicting positions on the old and new naira policy. Punch Metro reported that Buhari on Thursday ordered the CBN to allow […]

The old 500 and 1000 naira noted
Business

CBN orders banks to collect the N500, N1000 notes

The Central Bank of Nigeria has ordered commercial banks to collect the N500 and N1000 notes from people as deposits, with immediate effect. However, the apex bank still stands on the fact that the old N500 and N1000 are no longer legal tender. Meanwhile, they are still redeemable when taken to commercial banks. CBN pegged […]

PHOTOS: Ogun market women protest naira scarcity
Business

PHOTOS: Ogun market women protest naira scarcity

Marcus Amudipe The current shortage of naira notes and the rejection of the old N1,000 and N500 notes has made market women in Ogun State on Friday morning storm the market to protest. AM Business on February 14 reported that the Central Bank of Nigeria has declared that the old naira notes had ceased to […]

The snippet of the CBN's registration portal dashboard
Business

Mixed reactions as CBN launches old naira notes deposit portal

The Central Bank of Nigeria has on Tuesday stated that it would launch an online registration portal that would facilitate the process of depositing old notes in any of its branches. The portal was opened on Wednesday to the public and people have been urged to make their registrations provided they have an account, Bank […]

Buhari to inaugurate Dala International Inland Dry Port on Jan. 30
Business

Buhari approves old N200 note as legal tender till April 10

The President, Major General Muhammadu Buhari (retd), has given the Central Bank of Nigeria the order to allow the use of the old N200 note alongside the new ones until April 10, 2023. This was said in the early hours of Thursday as the president addressed Nigerians live on a nationalbroadcast. He emphasised that Nigerians […]

Abuja court gives DSS one week to charge Emefiele or release him
Banking

CBN launches portal to ease old naira notes collection

The Central Bank of Nigeria has established a portal for the collecting of old naira notes. TheCable reported that the CBN on Wednesday posted a notice headed “redemption of currency” on its website. The notification includes a link to the webpage where Nigerians can deposit or redeem their old N1,000, N500, and N200 notes by […]

How to report PoS agents with high charges - CBN
Business

How to report PoS agents with high charges – CBN

The Central Bank of Nigeria has made emergency phone numbers available to the general public so that they can report dishonest Point of Sales operators who are selling new naira notes and those who are charging excessive withdrawal fees. This was announced by the Director of the CBN Governor’s Department, Joseph Omayuku, during a press […]

A photo of the governor of Kano State, Dr Abdullahi Gandjue
Business

Reject old naira notes, be sanctioned, Ganduje warns businesses

The Governor of Kano State, Abdullahi Ganduje has said that banks and businesses rejecting the old naira notes will face sanctions. Am Business reported that the Supreme Court gave a ruling order that has constrained the Central Bank of Nigeria from implementing the extended deadline of February 10 because of the naira crunch. Ganduje cited […]

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