Just another News Updates
Human Rights Writers Association of Nigeria (HURIWA) has called on the Federal Government to launch an investigation into the Central Bank of Nigeria (CBN) regarding the prolonged artificial scarcity of Naira notes. The group has urged President Bola Ahmed Tinubu to direct the Department of State Services (DSS) and the Economic and Financial Crimes Commission […]
The Central Bank of Nigeria (CBN) has issued a cautionary statement addressing the issue of cash availability with Point-Of-Sale (PoS) operators. In a statement signed by the Acting Director of Communication and Public Relations, Sidi Ali, on Thursday, the CBN highlighted concerns about collusion between some Deposit Money Banks and PoS operators. This collaboration has […]
The Central Bank of Nigeria (CBN) has addressed the reported ‘scarcity’ of naira notes, stating that there is an ample supply of currency notes in the country. Isa AbdulMumin, the Director of Corporate Communications, released a statement confirming this on Thursday. The statement reads, “The Central Bank of Nigeria has been made aware of reports […]
The shortage of the naira in recent times crippled the Nigerian economy, the United Nations has disclosed. It stated that the informal sector felt the brunt of the scarcity the most. It noted that the continuing decline of oil production is set to impact the country’s finances in 2023. The UN disclosed this in its […]
Organised Labour in Nigeria has shelved its planned picketing of Offices of Central Bank of Nigeria, Nationwide by two weeks. The picketing and sit-at home order were scheduled to hold from wednesday, March 29 across the country. At a joint Briefing in Abuja addressed by President of Nigeria Labour Congress, Joe Ajaero and President of […]
Governor Bello Mohammed has described the recent Supreme Court verdict on old currency notes and subsequent compliance by the Central Bank of Nigeria as a victory for all Nigerians. Governor Matawalle believes that the Court procedure which culminated into the reversal of the earlier CBN’s rash implementation of the cashless policy is for the good […]
Human Rights Writers Association of Nigeria (HURIWA) on Sunday demanded the immediate arrest of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, and the Attorney-General of the Federation, Abubakar Malami, over their roles in the crisis trailing the redesign of naira notes. The duo had come under severe criticism from Nigerians over […]
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 […]
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 […]