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166 stories tagged cbn.
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The Central Bank of Nigeria (CBN) has released emergency telephone numbers to the public to report Point of Sales (POS) agents selling new naira notes or charging exorbitant fees for withdrawals. The Director of CBN…
On Wednesday, the Supreme Court of Nigeria added Lagos, Cross River, Ogun, Ekiti, Ondo, Sokoto, and Katsina states as plaintiffs in a lawsuit challenging the decision of the Federal Government to cease the use of old…
The Supreme Court is currently hosting the legal proceedings of a suit filed by Kaduna State Governor, Nasir El-Rufai, and his Kogi State counterpart, Yahaya Bello, against the Federal Government and the Central Bank of…
Godwin Emefiele, the Governor of the Central Bank of Nigeria, stated on Tuesday during a meeting at the Ministry of Foreign Affairs, that there is no requirement to change the deadline of February 10, 2023. The…
Asiwaju Bola Tinubu, the Presidential Candidate of the ruling All Progressives Congress (APC), has provided six recommendations to the Central Bank of Nigeria (CBN) on how to end the current hardship faced by Nigerians…
The Central Bank of Nigeria has listed money bouquet as a form of Naira abuse. This was made known in a flier shared via CBN’s Twitter handle on Friday with the caption, “ It is your civic duty to protect the Naira.…
Governors Abdullahi Umar Ganduje of Kano and Rotimi Akeredolu of Ondo have dragged President Muhammadu Buhari and the Central Bank of Nigeria, CBN to court over the issue of naira scarcity in the country. The Ondo and…
According to the News Agency of Nigeria (NAN), the governors of Kaduna, Kogi, and Zamfara took the Federal Government to the Supreme Court over the new naira swap policy. The Supreme Court has since issued a ruling,…
All commercial banks in Akure, the capital of Ondo State, have temporarily closed their operations. Upon visiting various bank locations such as Oba Adesida road and Alagbaka, it was discovered that all banks were…
The World Bank and the International Monetary Fund (IMF) have joined the growing number of organizations and individuals calling for an extension of the deadline for the transition from old to new naira notes. The…
The Inspector-General of Police (I-G), Mr Usman Baba, has mandated strict adherence to the CBN Act, 2007, which criminalizes the sale and hawking of Naira notes. This directive was confirmed by the Force Public…
An unnamed governor got N500 million worth of new naira notes from a bank, according to Governor Nasir El-Rufai of Kaduna State. In an interview with BBC Hausa Service, El-Rufai said politicians who are targets of the…
The Federal Government says the current hardship Nigerians are experiencing in order to get the new naira notes is a “temporary situation” needed for the country’s economic growth. The Minister of Finance, Budget and…
The presidential candidate of the New Nigeria Peoples Party, NNPP, Rabiu Kwankwaso says some of his counterparts are not affected by the naira redesign policy. Kwankwaso claimed that his counterparts are bank owners, so…
The Central Bank of Nigeria (CBN) has issued a new directive to commercial banks on the new notes. CBN directed commercial banks to start paying the redesigned naira notes to customers over the counter. The apex bank…
The Minister of Works and Housing, Babatunde Fashola, says the naira redesign policy of the Central Bank of Nigeria (CBN) hurting the citizens and must be reviewed. Fashola stated this while speaking with Morayo…
The presidential candidate of the Peoples Democratic Party (PDP) Atiku Abubakar has called on the Central Bank of Nigeria, CBN, not to extend the February 10 deadline for the exchange of old naira notes with new ones.…
The Governor of Kaduna State, Nasir El-Rufai, expressed his concerns about the recent naira redesign. He said that the policy itself was the right move in achieving the desired change the country yearns for, but the…
The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, has finally appeared before the House of Representatives. Emefeile is currently before the house of representatives ad hoc committee set up by the…
The Majority Leader of the House of Representatives, Alhassan Ado Doguwa says he suspects that President, Muhammadu Buhari was “misled” into agreeing to the naira redesign policy of the Central Bank of Nigeria (CBN).…
