This weekend may see an end to the cash needs of lamenting Nigerians as the Central Bank of Nigeria (CBN) claims it has emptied its vaults of old Naira notes …
CBN
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News
Cash Crunch: NLC plans total strike, to picket all Central Bank offices next week
by Adminby AdminMiffed over the cash crunch in the country, the Nigeria Labour Congress (NLC) has directed all its affiliate unions to mobilise for the picketing of all the offices of the Central …
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BusinessNews
At last, CBN obeys Supreme Court order, directs banks to receive old N200, N500, N1000 notes
by Adminby AdminAs first disclosed by former Central Bank of Nigeria (CBN) governor and sitting Governor of Anambra State, Prof Charles Soludo , the CBN has directed commercial banks to begin to …
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BusinessNews
Confusion continues Supreme Court adjourns & CBN governor insists no going back on deadline
by Adminby AdminThe Supreme Court has adjourned for another week, amid desperation by Nigerians, the suit filed by three state governments seeking to stop the Central Bank of Nigeria (CBN) from rejecting …
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BusinessNews
Supreme Court order or not, CBN says N200, N500, N1000 Naira no longer legal tender
by Adminby AdminThere was palpable confusion in Abuja on Tuesday as many commercial outlets declined collecting old N200, N500, and N1,000 notes despite a scarcity of the new Naira notes, and the …
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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 N200, N500 and N1,000 notes to …
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BusinessStatement
CBN Debunks False Claims About Capacity of NSPMC Plc, Alleged Threats To Close Some Deposit Money Banks
by Adminby AdminThe attention of the Central Bank of Nigeria (CBN) has been drawn to a misleading report misquoting the Governor, Mr. Godwin Emefiele, as attributing the current challenge in the distribution …
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BusinessNews
National Council Of State endorses currency redesign policy, asks CBN to flood notes
by Adminby AdminThe National Council of State has endorsed the currency redesign policy introduced by the Central Bank of Nigeria (CBN), adding that it should make the notes easily accessible. The council …
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BusinessNews
Council of State to CBN: Print more new Naira notes or recirculate old ones
by Adminby AdminThe meeting of the Council of State presided over by President Muhammadu Buhari which held in Abuja on Friday has directed the Central Bank of Nigeria to either print new Naira …
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BusinessNews
Police, DSS meet with CBN, bank managers meet over scarcity of new Naira notes
by Adminby AdminThe Police and DSS on Thursday held an emergency meeting with the Branch Controller CBN and all Commercial Bank Managers in Kebbi over shortage of the redesigned naira notes in …