Just another News Updates
Babatunde Fashola, minister of works and housing, says the naira redesign policy of the Central Bank of Nigeria (CBN) “is hurting Nigerians” and needs to be reviewed. The apex bank has fixed February 10 as the new deadline for the swap of old naira notes. It initially fixed January 31 as the deadline but many […]
The Central Bank of Nigeria (CBN), Zamfara State Branch, has ordered police to arrest people who refused to collect old naira notes, saying old naira notes is still legal tender until after the 31st of this month. The CBN has further ordered five commercial banks in the state to immediately release new naira notes to […]
The Central Bank of Nigeria (CBN) has in it’s continuous awareness campaign urged business communities of Gusau central market on the need to deposit old naira notes into their accounts before January 31. Speaking at the event the Branch Comptroller, Malam Buhari Abbas, said replacement of the old currency notes was necessitated by the need […]
The National Orientation Agency (NOA) has begun sensitisation to the need by the public to deposit old Naira notes in their bank accounts. NOA officials visited Churches, Mosques and motor parks to enlighten the people about the economic benefits of the CBN measure. The NOA Acting Director in Zamfara, Mallam Aminu Ibrahim, disclosed this while […]
Further to the launch of the redesigned Naira notes by the President of the Federal Republic of Nigeria, on Wednesday, November 23, 2022 and in line with the Cash-less policy of the CBN, all deposit money banks (DMBs) and other financial institutions (0F1s) are hereby directed to note and comply with the following: Withdrawals above […]
The Governor of the Central Bank of Nigeria, Godwin Emefiele has said that it would work with law enforcement agencies like the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission, to complicate and track large withdrawals. He said this while briefing the press after the launch the new […]
The Federation Account Allocation Committee (FAAC) has shared a total sum of N736.782 billion from the October 2022 Federation Account Revenue to the Federal Government, states and local government councils. This was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for November 2022. The N736.782 billion total […]
Nairametrics Nigeria’s Central Bank Governor, Godwin Emefiele has announced the apex bank is planning to reduce the volume of N500 and N1000 notes in circulation “over time”. The governor made this known in his briefing to the media at the monetary policy communique held on November 22nd, 2022. He was responding to questions about the […]
Sequel to the just concluded extraordinary meeting held in Washington DC on Nov. 2nd 2022 between the United States Federal Reserve Bank, Office of the Comptroller of Currency, IMF, World-Bank and Governors of Africa’s Central Banks, the United States Govt has set date for restriction on acceptable legal tender note of US Dollar which will […]
By Daily Trust Three serving state governors are being monitored over their moves to launder stashed billions of naira through table payment of salaries to workers, Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, told Daily Trust in an exclusive iinterview on Thursday. He said raid on Bureau De Change operators will […]