Just another News Updates
The Central Bank of Nigeria (CBN) on Monday said old N200, N500, and N1,000 banknotes remain legal tender Till December 31, 2023. The apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin stated this in a statement on Monday. “In compliance with the established tradition of obedience to court orders and sustenance of the Rule […]
1- GOVERNOR SOLUDO: SPECIAL PUBLIC ANNOUNCEMENT Commercial banks have been directed by the Central Bank to dispense old currency notes and to also receive same as deposits from customers. 2- Tellers at commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company […]
A Senior Advocate of Nigeria, Emeka Etiaba, said that President Muhammadu Buhari’s directive to the Central Bank of Nigeria Governor, Godwin Emefiele will end the lingering currency crisis in the country. Emeka said this on Monday during an interview with channels television. He stated; “The Federal Government has been directed by the Supreme Court, by […]
The pioneer Flour Mill in Sokoto, Kebbi and Zamfara States has commenced operation in Birnin Kebbi, the Kebbi State Capital. The firm was established by the Kebbi State Government under the able leadership of Senator Abubakar Atiku Bagudu. This came to the fore on Thursday when Governor Abubakar Atiku Bagudu, CON visited the company at […]
The Zamfara government has disbursed N70 million to empower 300 Point-of-Sale, PoS, operators to fast-track implementation of the cashless policy of the Central Bank of Nigeria, CBN. The Commissioner for Commerce and Industries, Yazeed Danfulani stated this while distributing PoS machines to 300 youth and women on Wednesday in Gusau. He said the gesture was […]
Deposit Money Banks (DMBs) across the country yesterday began rejecting deposits of old naira notes (N1,000 and N500), after paying customers, forcing business owners, retailers to begin rejecting the old naira notes despite the Supreme Court’s extension of the validity of old notes to December 31, 2023. Findings across different banks revealed that despite the […]
The Central Bank of Nigeria said that both old and new notes are now legal tender. The Acting Director of Corporate Communications CBN, Dr Isa Abdulmumin disclosed this on Tuesday. He affirmed that commercial banks have started issuing both the old and new notes to their customers. But insisted that the apex bank is yet […]
Via – Daily Trust Some commercial banks have started issuing out old N500 and N1000 notes to their customers. At least three banks in Abuja, issued out old N500 and N1000 notes to customers in Abuja on Monday while a bank in Kano also did the same. Checks by Daily Trust on Monday afternoon showed […]
For the second time since the Supreme Court ruled that the old N200, N500 and N1,000 notes will remain legal tender until December 31, the Central Bank of Nigeria (CBN) has refused to speak on the judgement. On Saturday, an official of the CBN told The Nation that the communications department has not been informed […]
The Supreme Court has adjudged the cash withdrawal limits imposed by banks as a result of scarcity of currency notes in circulation as a violation of citizens’ rights. A seven-man panel of the court led by John Okoro made the declaration in a unanimous judgement delivered on Friday. “Such restriction on an owner’s right to […]