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Business

CBN dismisses rumour on planned withdrawal of new Naira notes

The Central Bank of Nigeria (CBN) has dismissed a report on the planned phase-out of the new Naira notes from circulation.The Acting Director of...
Business

WHERE ARE THE NEW NAIRA NOTES? CBN silent, as scarcity persists four months after

A customer who visited a commercial bank in Ikeja, Lagos to withdraw N50,000 cash was paid with the old naira notes. The customer noticed...
Business

Bankers explain scarcity of new naira notes in circulation as deadline for phase-out of old currency approaches

Bankers in Nigeria have given reasons for the prevalence of old naira notes in circulation with the deadline for their withdrawal about eight months...
Business

Scarcity of new Naira notes hits FCT, residents cry out

Some residents of Abuja and environs have decried the scarcity of the new naira notes.The Central Bank of Nigeria (CBN) has restored the old...
Business

Dec.31: Expert worries over non availability of new Naira notes

Mr Gabriel Okeowo, the Country Director, BudgiT Foundation Nigeria, a Non-Governmental Organisation (NGO) has expressed concern over non availability of the redesigned Naira notes.Okeowo...
Business

Ten Nigerian banks lose over N87bn in one week amid naira scarcity

Ten commercial banks in Nigeria have lost N87.4 billion in market value within a week of trading activities (March 2nd, 2023 to March 10th,...
News

Enugu residents reject old naira notes despite Supreme Court injunction

Residents of Enugu on Saturday started rejecting the old naira notes for transactions, the News Agency of Nigeria (NAN) has reported.NAN investigation shows that...
Business

From earning over N130,000 monthly to making nothing, PoS operators lament Naira scarcity

Prior to the Naira redesign policy of the Central Bank of Nigeria (CBN), the area of Alagbole, Ogun State, was saturated with Point of...
News

What Exactly is Happening with the Currency Redesign Policy?

On Wednesday, October 26, 2022, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele announced that new Naira notes to replace the N200, N500...
News

Court remands Nollywood actress for tampering with new naira notes

A Federal High Court sitting in Ikoyi, Lagos has ordered the remand of an actress, Oluwadarasimi Omoseyin, at the Kirikiri correctional center pending the...
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