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Naira falls N777 against dollar after CBN announcement
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Tag: Naira notes

Old naira notes
Business

Anambra community alerts CBN of fake naira notes in circulation  

The President-General of Umueri community in Anambra State, Ambassador John Chukwudi Metchie, has informed the Central Bank of Nigeria and security agencies about the circulation of counterfeit N200 notes in the Otuocha Market area. According to the Daily Post, he cautioned commercial motorcycle operators against collaborating with criminals to commit crimes in the area. He […]

Police storm Emefiele's Abuja residence
Banking

New naira: CBN recovers N1.9trn in two months

Following the cash withdrawal policy and the naira notes redesign, the Central Bank of Nigeria said it has since recovered N1.9 trillion in cash previously held outside of the banking system.   The CBN governor, Godwin Emefiele, said this on Sunday as part of his update following a meeting with the President, Major General Muhammadu […]

New naira note: CBN insist on January 31st deadline
Banking

New naira: Experts hail CBN for deadline extension

Oluwanifemi Ojo     Financial experts have commended the Central Bank of Nigeria for the decision to shift the deadline that was set to phase out the old notes from December 31 to February 10.   Following the plea made by key stakeholders across the country, the 36 state governors, the Arewa Consultative Forum, traditional […]

New naira note: CBN insist on January 31st deadline
Economy

New naira: Buhari assures Nigerians of speedy circulation

The President, Major General Muhammadu Buhari (Ret’d.), has assured that the government will ensure that citizens are unharmed in their businesses and no disruption is caused to the entire supply chain arising from the imminent deadline of the new naira swap.   Buhari gave this assurance in a statement issued by the Senior Special Assistant […]

Senate ask CBN to extend deadline of new naira note
Banking

Extend old, new naira deadline, NLC urges CBN

Wilson Adekumola     President of the Nigeria Labour Congress, Comrade Ayuba Wabba, on Thursday, has urged the Governor of Central Bank of Nigeria, Godwin Emefiele to extend the date for the expiration of old naira notes adding that it would affect the lives of people in the rural areas.   Comrade Wabba made this […]

Banking

Load ATMs with new naira, CBN orders banks

The Central Bank of Nigeria has ordered commercial banks across the country to comply with its earlier directive to dispense the new naira notes on their Automated Teller Machines.   The CBN director of currency operations, Ahmed Umar, in a statement on Monday, mandated all the banks to stop loading their ATMs with the old […]

Banking

VIDEO: Nigerian banks dispense new naira notes

Commercial banks have started dispensing the newly redesigned naira notes to over-the-counter customers.   Channels Television, on Thursday, reported that some banks in major cities across the country have begun dispensing the new notes to customers over the counter. The Governor of the Central Bank of Nigeria, Godwin Emefiele, had on October 26, said the […]

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New naira notes’ll help control money circulation – CBN

The Governor, Central Bank of Nigeria, Godwin Emefiele, has said the newly redesigned currency will help the apex bank control money in circulation. Emefiele also said the initiative was not targeted at anyone and that it would give the nation’s lender control over the amount of money in circulation. He stated this while briefing State […]