ASSBIFI halts strike, mandates banks to reopen
Commercial banks have been ordered to comtinue operations as of Monday, February 20, 2023, according to a statement from the Association of…
CBN
Naira crisis: CBN seized money, didn’t swap it, says El-Rufai
Kaduna State governor, Nasir El-Rufai, claimed on Sunday that the CBN adopted a currency confiscation strategy rather than the indicated currency swap…
Bank vandalism not solution to naira scarcity – Ex-ANAN president
Wilson Adekumola The Former President, Association of National Accountants of Nigeria, Dr Samuel Nzekwe has admonished the protesters across the…
EFCC, ICPC investigate Nigerians depositing millions of old N500, N100 at Ilorin CBN
Anti-corruption agencies have began investigating the depositors of millions of old N500 and N1,000 notes at the Central Bank of Nigeria’s Ilorin…
IMF calls for CBN’s 2017 Act review
The International Monetary Fund has requested that the Central Bank of Nigeria Act 2007 be reviewed in order to increase the…
Old naira: What to know about CBN’s deposit portal
The Central Bank of Nigeria on Wednesday launched an online portal as one of the measures to ease the hardship caused by…
Banks collect old N500, N1000 despite CBN order
Wilson Adekumola Some Commercial Banks on Saturday morning were reportedly collecting old N500 and N1,000 notes from customers despite the Central…
Naira crisis: Banks to close down in locations with security challenge, says CIBN
The Chartered Institute of Bankers of Nigeria on Saturday said commercial bank’s operations will be closed in locations with security challenges. The…
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,…
CBN denies ordering banks to collect old N500, N1000 notes
Juliet Buna The Central Bank of Nigeria, has said it did not direct banks to collect the old N500 and N1,000,…
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…
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…