Naira
-
The Governor of Anambra State, Prof Charles Soludo confirmed on Monday that the Central Bank of Nigeria has asked commercial banks to dispense and accept old naira notes as deposits. Soludo, a former CBN governor, made this known in a statement he posted on his social media handles. He explained that the Governor of CBN,…
-
Days after the Supreme Court nullified the Central Bank of Nigeria’s Naira redesign policy, the apex bank has remained silent. However, investigations by MEZIESBLOG show that some commercial banks have started paying their customers old N500 and N1000 naira notes. MEZIESBLOG went around major banks in the Nation’s capital and learnt that Guarantee Trust Bank Along…
-
Good morning! Here is today’s summary from Nigerian newspapers: 1. The Presidency on Friday, said there are no plans by President Muhammadu Buhari to extend his tenure beyond May 29, 2023, or install an interim government. A statement signed by Buhari’s spokesperson, Garba Shehu, noted this on Friday. 2. A former Minister of Finance, Dr Idika…
-
The governor of the Central Bank of Nigeria, Godwin Emefiele has said that he had met the commercial banks and given them directives on how to make the old N200 naira notes available to Nigerians. Emefiele said this in a video clip recently posted on the CBN official Twitter handle while addressing journalists after his…
-
SANWO-OLU WARNS AGAINST REJECTION OF OLD NOTES The Lagos State Government wishes to put on record the patience and calmness of Lagosians following the controversy generated by the Naira shortage crisis. The State Government has joined the dispute at the Supreme Court, which today adjourned the hearing of the matter till February 22. When the…
-
The Central Bank of Nigeira, CBN has opened a portal for Nigerians to deposit the old Naira notes by filling up forms. This development comes after the adjournment of the case on the legality of the February 10, 2023 deadline for the Naira Swap to February 22 by the Supreme Court. The Supreme Court adjourned…
-
Nigerians have continued to experience scarcity of the naira notes since the January 31 deadline issued by the Central Bank of Nigeria, CBN, on the swap of the currency. The CBN had earlier set a January 31 deadline for the use of the old naira notes. It was later extended to February 10. However, following…
-
The saying “Cash is King” seems to be losing its validity in Nigeria. In the wake of the recent policy implementations, entrepreneurs need to make changes to accommodate these policies and cushion the effect on their customers and businesses. As of January 31st, 2023, the old currency notes of the N200, N500, and N1000 notes…
-
The Central Bank of Nigeria, CBN Governor, Godwin Emefiele has ruled out the possibility of extending the 10-day grace for the old Naira notes to remain in circulation. He appealed to Nigerians to endure the pains emanating from difficulties in getting the newly redesigned Naira notes from financial institutions. The governor who made the appeal…
-
Director Corporate Communication, CBN, Osita Nwanisobi disclosed this in a statement adding that the apex bank will collaborate with the Nigeria Police, Federal Inland Revenue Service (FIRS), the Economic and Financial Crimes Commission (EFCC) and the Nigerian Financial Intelligence Unit (NFIU) to prosecute abuses and sellers of the naira. He said: “The Central Bank of…
-
Governors elected on the platform of the ruling All Progressives Congress (APC) have rejected the February 10 deadline set by the Central Bank of Nigeria (CBN) to end the legal tender status of the old N1000, N500 and N200 notes Credible sources close to the governors said they were worried Nigerians have been finding it…
-
The Peoples Democratic Party presidential candidate, Atiku Abubakar, on Wednesday, asked the Central Bank of Nigeria not to grant a further extension after February 10 deadline for naira swap. This, he said, had become imperative to ensure the purpose and objective of initiating the redesigning of the currency are not destroyed. In a statement released…
-
Godwin Emefiele, the Governor of the Central Bank has confirmed that President Muhammadu Buhari will unveil the designed Naira notes tomorrow Wednesday, November 23, 2022. Emefiele announced this during the Central Bank’s Monetary Policy Committee monthly meeting in Abuja. Recall that Emefiele had announced in October that the apex bank would issue redesigned N200, N500,…
-
The Nigerian naira has made a comeback rising to N730/$ after falling to 900/$ five days ago in the parallel market. Nigeria’s currency is now standing better than when the Central Bank of Nigeria, CBN, announced the date for the commencement of the naira notes redesign. Although the official rate of Naira to Dollar is…
-
Human Rights Writers Association of Nigeria (HURIWA), on Saturday, backed the Minister of Finance, Budget and National Planning, Zainab Ahmed, who warned of “serious consequences on the value of the naira against other foreign currencies” if the Central Bank of Nigeria continues with its plan to redesign the N200, N500, and N1,000 notes. HURIWA’s National…
-
The Concerned Northern Forum, on Wednesday, in Kaduna State, frowned at the decision of the Central Bank Governor, to redesign the naira notes effective from December 15, 2022. CBN Governor, Godwin Emefiele, made the announcement on Wednesday. The group’s spokesman, Abdulsalam Kazeem, in a statement on Wednesday, in Kaduna, faulted the decision, adding that redesigning…
You must be logged in to post a comment.