Naira Archives - Page 7 of 9

Naira redesign suit against FG resumes Wednesday

The Supreme Court’s hearing over naira redesign which was adjourned after a session on February 17 will resume today (Wednesday). This publication recalls a suit was filed by Zamfara, Kogi and Kaduna state governments against the Attorney-General of the Federation on February 3. Other states like Katsina, Lagos, Cross River, Ogun, Ekiti, Ondo and Sokoto […]

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22nd February 2023
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Old naira: Aisha Buhari working with ‘other cabal,’ tweeps react to fake post

Some Nigerians have reacted as the Central Bank of Nigeria debunked the announcement made by the First Lady, Aisha Buhari on Tuesday that her husband, President Muhammadu Buhari, has ordered the CBN to reissue and recirculate the old “N200, N500 and N1000 notes” The news which has been confirmed fake by the CBN was posted […]

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21st February 2023
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NNPCL sets fuel price above N1000 per litre

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Kaduna residents seek cash in petrol stations amid naira scarcity

Kaduna State residents have turned to petrol stations to seek for cash in order to satisfy their basic pressing needs amid naira scarcity. This was according to a report by the News Agency of Nigeria. The naira scarcity worsened as some citizens were unable to access cash in Automated Teller Machines as well as from […]

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20th February 2023
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The snippet of the CBN's registration portal dashboard

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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 the scarcity of new naira notes. The aim of the portal is to redeem the old N1000 and N500 cash still held by Nigerians and facilitate the process of depositing the cash in […]

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18th February 2023
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Banks collect old N500, N1000 despite CBN order

Wilson Adekumola Some commercial banks on Saturday morning were reportedly collecting the old N500 and N1,000 notes from customers despite the order of the Central Bank of Nigeria order. This came barely 24 hours after the CBN debunked the rumours that it had instructed commercial banks to collect the old N5,00 and N1,000 notes from […]

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18th February 2023
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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 […]

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17th February 2023
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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, as earlier reported. Director, Corporate Communication, Mr. Osita Nwanisobi, stated this in response to media reports that the apex bank had directed commercial banks to collect the old N500 and N1,000. He said: […]

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17th February 2023
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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 […]

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17th February 2023
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Naira scarcity disrupting businesses, manufacturers lament

The Manufacturers Association of Nigeria has said the scarcity of naira has disrupted the proper movement of goods which is adversely affecting businesses. The Association’s president, Otunba Francis Meshioye, made this statement on Tuesday while he interacted with journalists in Lagos. According to The Punch, Meshioye said the scarcity of naira and resultant traffic on […]

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17th February 2023
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Abuja court gives DSS one week to charge Emefiele or release him

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Naira redesign: Emefiele meets top bank executives after Buhari address

The President of the Central Bank of Nigeria, Godwin Emefiele, on Thursday said he had met with the top executives of not less than 15 banks after the President broadcasted the latest naira policy. The CBN governor visited the State House at Abuja not long after the President addressed the nation on the new naira […]

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16th February 2023
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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 […]

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16th February 2023
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Buhari to inaugurate Dala International Inland Dry Port on Jan. 30

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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 […]

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16th February 2023
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Reforms position Nigeria as emerging investment hub –

Mamuda Beverages invests $50m in new industrial facility

Nigeria ships first Obodo crude blend, says NUPRC

UK unveils major visa overhaul to cut legal

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Tag: Naira

Naira redesign suit against FG resumes Wednesday

Old naira: Aisha Buhari working with ‘other cabal,’ tweeps react to fake post

Kaduna residents seek cash in petrol stations amid naira scarcity

Old naira: What to know about CBN’s deposit portal

Banks collect old N500, N1000 despite CBN order

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

CBN denies ordering banks to collect old N500, N1000 notes

CBN orders banks to collect the N500, N1000 notes

Naira scarcity disrupting businesses, manufacturers lament

Naira redesign: Emefiele meets top bank executives after Buhari address

Mixed reactions as CBN launches old naira notes deposit portal

Buhari approves old N200 note as legal tender till April 10

European retailers urge EU to tackle high Visa,.

Amazon cuts 100 Jobs in devices, services unit

Netflix’s ad-supported subscription plan rises to 94m users

Warner Bros. Discovery rebrands streaming service as HBO.

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