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Business

No deadline on withdrawal of old Naira notes – CBN

The Central Bank of Nigeria (CBN) said on Thursday it has not fixed any deadline for the withdrawal of the old N200, N500, and...
Business

CBN orders banks to comply with Supreme Court ruling on old naira notes

The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) in Nigeria to comply with the Supreme Court’s ruling on Wednesday that...
News

CBN calls banks to come collect deposited old notes, as NLC renews threat

The Central Bank of Nigeria (CBN) has concluded plans to start disbursing the old Naira notes to Deposit Money Banks (DMBs) after the Nigerian...
Business

Banks pay customers in old naira notes, but scarcity persists

Nigerian banks have started paying customers with old naira notes over the counter and via Automatic Teller Machines (ATM) prompting a sense of relief...
News

Slow compliance despite CBN order, banks ration old notes

• Business owners, traders defy CBN, reject old N500, N1,000 • CBN silent on returned banknotes, warehoused cash • Residual notes amount to drop in ocean,...
Business

CBN’s compliance with S/Court order on old Naira notes, victory for Nigerians — Matawalle

Gov. Bello Matawalle of Zamfara said the Central Bank of Nigeria (CBN)’s compliance with the Supreme Court Order on old currency notes was a...
Business

Naira Scarcity: LASG to sanction any business refusing old naira notes

Sanwo-Olu, in a statement on Monday, directed residents to go ahead and have transactions with the old Naira notes. NEWSDIARY: Read More
News

Lagos to sanction businesses rejecting old naira notes

The Lagos State Governor, Babajide Sanwo-Olu, on Monday urged the people of the state to accept the old N200, N500, and N1000 naira notes.Sanwo-Olu,...
News

CBN directs banks to dispense, receive old naira notes

The Central Bank of Nigeria (CBN) has reportedly directed banks in the country to immediately dispense old notes from customers and also receive same...
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,...
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