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Tag: Old Naira Notes

NUPENG, EFCC collaborate to combat oil theft
News

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 branch. According to Daily Post, operatives of the Economic and Financial Crimes Commission, and Independent Corrupt Practices Commission, among others are on ground to supervise lodgments and educate depositors on the ramifications involved […]

Banks collect old N500, N1000 despite CBN order
News

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 Bank of Nigeria order. This is came barely 24 hours the Central Bank of Nigeria, in a statement, said that it did not direct banks to collect the old N5,00 and N1,000 notes […]

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 […]

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 […]