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Cash for sale at CBN’s Naira’s “new parallel market”

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By Kelechukwu Mgboji (InsideBusiness.ng) “In my lifetime I have seen Naira being bought by Naira in Nigeria! This is the lowest of low!! “I don’t know...
Business

Supreme Court order or not, CBN says N200, N500, N1000 Naira no longer legal tender

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There was palpable confusion in Abuja on Tuesday as many commercial outlets declined collecting old N200, N500, and N1,000 notes despite a scarcity of...
Business

Tinubu wants old, new notes to be used for a year

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Bola Ahmed Tinubu, the presidential candidate of the All Progressives Congress (APC), wants the Central Bank of Nigeria (CBN) to allow old and new...
Business

CBN Debunks False Claims About Capacity of NSPMC Plc, Alleged Threats To Close Some Deposit Money Banks 

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The attention of the Central Bank of Nigeria (CBN) has been drawn to a misleading report misquoting the Governor, Mr. Godwin Emefiele, as attributing...
Business

National Council Of State endorses currency redesign policy, asks CBN to flood notes

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The National Council of State has endorsed the currency redesign policy introduced by the Central Bank of Nigeria (CBN), adding that it should make...
Business

Council of State to CBN: Print more new Naira notes or recirculate old ones

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The meeting of the Council of State presided over by President Muhammadu Buhari which held in Abuja on Friday has directed the Central Bank of...
Business

Police, DSS meet with CBN, bank managers meet over scarcity of new Naira notes

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The Police and DSS on Thursday held an emergency meeting with the Branch Controller CBN and all Commercial Bank Managers in Kebbi over shortage...
Business

Updated: Supreme Court temporarily halts banning of old Naira notes from February 10

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By Yemi Oyeyemi, Abuja The Supreme Court on Wednesday temporarily halted the move by the Federal Government to ban the use of the old naira...
Business

Supreme Court to the rescue: Stops FG, CBN from banning old notes

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The Supreme Court of Nigeria has said neither the Federal Government or the Central Bank of Nigeria can stop the use of old notes. Details...
Business

Curious: FG blames opposition parties for cash, fuel crunch; petrol marketers plan shutdowns

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The days are painful in Nigeria. Bankers are butts of attacks, now clambering down over their fences, instead of front doors to leave their...
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