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Tag: Old Naira Notes

Old, new naira notes remain legal tender - CBN
featured

Old, new naira notes remain legal tender – CBN

  The Central Bank of Nigeria has directed all its branches across the country to maintain a steady supply of both old and redesigned banknotes in different denominations to commercial banks. This decision was communicated through a statement signed by the Director of Corporate Communications, Isa AbdulMumin, at the central bank, and posted on its […]

Gradual removal of old naira notes continues – CBN
featured

Gradual removal of old naira notes continues – CBN

      The Central Bank of Nigeria has reiterated its dedication to gradually discontinuing the old N200, N500, and N1,000 notes in favour of releasing new money. The Monetary Policy Committee met on Tuesday at the CBN headquarters in Abuja, where the acting governor of the top bank, Folashodun Shonubi, announced this pronouncement. The […]

A photo of President Buhari and the redesigned note
Business featured

Old naira: Buhari never told Emefiele, Malami to shun S’Court order, says presidency

Juliet Buna   The Presidency has denied allegations that it ordered the Attorney general and Central Bank of Nigeria to defy the Apex court’s order. According to a release by the Garba Shehu Senior Special Assistant to the President, Garba Shehu said the President Major General Muhammadu Buhari (retd), has not done anything knowingly and […]

Logo and the photo of the Central Bank of Nigeria's building
News

CBN disowns Soludo’s old naira statement

The Central Bank of Nigeria has debunked claims of ordering banks nationwide to begin dispensing and accepting old naira notes.   This development on Monday is coming after a former CBN governor, Chukwuma Soludo, had written through his social media handle that the CBN governor, Godwin Emefiele, in a Bankers’ Committee meeting on Sunday had […]

The First Lady, Aisha Buhari
Business

Old naira: Aisha Buhari blames hacker for fake post

The First Lady of Nigeria, Aisha Muhammadu Buhari has blamed hackers for the fake post regarding the recirculation of the old naira notes which went viral in the early hours of Tuesday. This declaimer was shared to the public in a facebook post Aisha made in the late hours of Tuesday. The Facebook post reads […]

Emefiele is worse CBN gov in history, says Moghalu
News

New naira: CBN to arrest, prosecute Nigerians spreading fake news

The Central bank of Nigeria has urged Nigerians to be guided as it is working with law enforce agencies to prosecuted and apprehend the purveyors of fake news. The CBN made this announcement on Tuesday, not long after first lady Aisha Buhari posted a press release saying that her husband, President Muhammadu Buhari, had ordered […]