CBN

February 15, 2023

Old Notes Deadline: El-Rufai, Yahaya Bello present as Supreme Court adjourns case till Feb 22

The Supreme Court of Nigeria has adjourned the case on the naira swap policy of the Central Bank of Nigeria (CBN) till Wednesday, February 22 for hearing of the consolidated suits by 10 states. On Wednesday, the Supreme Court of Nigeria heard the case, and it was packed with Senior Advocates of Nigeria, other attorneys,... Read More

adjournment, CBN, FG, Lawsuit, Naira redesign, Nasir el-Rufai, Old notes deadline, supreme court, Yahaya Bello

February 15, 2023

FG to make decision on old notes deadline today

There will be an announcement about the president’s position on the expiration of the old naira notes today. Three state governments—Zamfara, Kaduna, and Kogi—had petitioned the Supreme Court to prevent the CBN from removing the old N200, N500, and N1000 notes from circulation. Until the issue is heard on February 15, the court has ruled... Read More

Abubakar Malami, CBN, decision, February 10th deadline, FG, Godwin Emefiele, old notes, President Muhammadu Buhari

February 11, 2023

Niger becomes fifth state to sue FG over naira redesign policy

The Niger state government has launched a lawsuit against the federal government over the Central Bank of Nigeria’s re-design of the naira. Niger is the fifth state to file a lawsuit against the federal government over the contentious issue. Kaduna, Kogi, Zamfara, and Kano have already initiated legal action against the FG to halt the... Read More

CBN, February 10th deadline, FG, Fifth state, Kaduna State, Kano State, Kogi State, Naira redesign, naira scarcity, Nasara Danmallam, Niger State, Zamfara State

February 8, 2023

JUST IN: Supreme Court restrains CBN from implementing deadline for old naira notes

The Supreme Court of Nigeria has prohibited the Federal Government from enforcing the February 10 deadline for the demonetization of the old 200, 500, and 1000 naira notes. In an ex-parte motion filed on February 3rd, three northern states — Kaduna, Kogi, and Zamfara — asked the supreme court to suspend the Central Bank of... Read More

CBN, ex-parte motion, February 10th deadline, FG, injuction, Kaduna State, Kogi State, restrains, supreme court, Zamfara State

February 8, 2023

ICPC discovers N258m hidden in bank’s vault, arrests managers; NNPC apologises to Nigerians, says fuel scarcity will ease in one week | 5 Things That Should Matter Today

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss: ICPC discovers N258m hidden in bank’s vault, arrests managers Operatives of the Independent Corrupt Practices and Other Related Offences Commission discovered N258 million stored in the vault at Sterling Bank’s main office in Abuja last Friday.... Read More

February 7, 2023

One killed as Ogun residents protest, vandalise Bank ATMs over naira and fuel scarcity

Protesters on Tuesday vandalised automated teller machines in a bank premises in Abeokuta as demonstrations over the scarcity of the new naira notes and Premium Motor Spirit, commonly called petrol, reached Ogun State. As demonstrations over the shortage of the new naira notes and Premium Motor Spirit, often referred to as gasoline, spread to Ogun... Read More

Abeokuta, APC, Bank ATMs, Bola Ahmed Tinubu, CBN, Dapo Abiodun, fuel scarcity, Godwin Emefiele, Naira redesign, naira scarcity, Ogun State, one killed, President Muhammadu Buhari, vandalism

February 4, 2023

Atiku blames Tinubu for new notes shortage; Nigerians need cash now – Osinbajo laments naira scarcity | 5 Things That Should Matter Today

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss: Atiku blames Tinubu for new notes shortage The Presidential Candidate of the Peoples Democratic Party (PDP), former Vice President, Atiku Abubakar Campaign Organization has alleged that the All Progressives Congress (APC), Presidential candidate, Asiwaju Bola Ahmed... Read More

February 2, 2023

‘Serial entrepreneur’ selling new naira notes on social media arrested by ICPC

One Oluwadarasimi Emma has been detained for allegedly selling new naira notes on social media, according to the Independent Corrupt Practices and Other Related Offences Commission (ICPC). The ICPC’s spokesperson, Azuka Ogugua, released a statement late Wednesday night in which they accused serial entrepreneur Emma of working with “important players” in the banking industry to... Read More

arrest, CBN, icpc, Naira redesign, new naira notes, selling, Serial entrepreneur, social media

February 2, 2023

I’m a frontrunner, won’t step down – Peter Obi tells Atiku; Wike slammed for failing to name preferred candidate | 5 Things That Should Matter Today

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss: I’m a frontrunner, won’t step down – Peter Obi tells Atiku The Labour Party, LP, presidential candidate, Peter Obi has said he can’t step down for his counterpart from the Peoples Democratic Party, PDP, Atiku Abubakar.... Read More

January 30, 2023

Reps committee rejects CBN deadline extension on old naira notes; Eight die as truck falls on bus at Ojuelegba | 5 Things That Should Matter Today

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss: Reps committee rejects CBN deadline extension on old naira notes A house of representatives ad hoc committee has rejected the deadline extension for the validity of the old naira notes. The Central Bank of Nigeria (CBN)... Read More

January 21, 2023

APC explains Osibanjo’s absence at Tinubu rallies; FG denies fuel pump price hike as scarcity persists | 5 Things That Should Matter Today

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss: APC explains Osibanjo’s absence at Tinubu rallies The All Progressives Congress has disclosed the reasons why Vice-President Yemi Osibanjo and some other stakeholders in the party are not involved in the campaign of the party’s presidential... Read More

January 17, 2023

Wike reveals candidates Rivers will not vote for; Chatham House: Peter Obi did not share questions like APC Candidate – Ken Okonkwo| 5 Things That Should Matter Today

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss: Wike reveals candidates Rivers will not vote for According to Wike, Rivers residents won’t support candidates that despise the state. He said the 2023 election was a fight to the finish at the State’s PDP’s local... Read More

January 12, 2023

Nigerians have no business seeking greener pastures overseas – Tinubu; CBN bankrupt of ideas – Shehu Sani | 5 Things That Should Matter Today

Nigerians have no business seeking greener pastures overseas – Tinubu CBN bankrupt of ideas – Shehu Sani Over 30,000 APC members defect to PDP in Katsina Obasanjo and Atiku’s fight started after chopping Nigeria’s money’ – Tinubu Jigawa APC guber ticket battle: Supreme Court fixes Jan 13 for judgment Across Nigeria’s 36 states and the... Read More

30000 APC members, Asiwaju Bola Ahmed Tinubu, atiku abubakar, bankrupt of ideas, CBN, chopping, defect, Greener pastures, igbos, Jan 13, Jigawa State, judgement, katsina, manufacturing hub, Nigeria's money, nigerians, olusegun obasanjo, PDP, Shehu Sani

January 9, 2023

CBN’s new policy on cash withdrawal limits goes into effect nationwide

Individual and corporate cash withdrawal limitations under CBN’s new policy go into effect today. The Central Bank of Nigeria (CBN) implemented a new regulation capping weekly cash withdrawals at N5 million for businesses and N500,000 for individuals as of December 6, 2022. In addition, cheques sent to a third party in excess of N100,000 can no... Read More

cash withdrawal limits, CBN, Naira redesign, new policy

December 28, 2022

Tense debate in Senate over President Buhari’s loan request of N23.7 trillion

The suggestion by President Muhammadu Buhari to restructure Ways and Means Advances to the tune of N23.7 trillion caused a heated debate in the Senate. At the plenary on Wednesday, Senate President, Ahmad Lawan, and Speaker of the House of Representatives Femi Gbajabiamila, read out Buhari’s appeal to members of the respective houses. In the... Read More

Ahmad Lawan, CBN, Drama, Femi Gbajabiamila, Loan request, N23.7 trillon, President Muhammadu Buhari, senate, Speaker of the House of Representatives, Ways and Means Advances

December 9, 2022

Chatham House extends an invitation to Peter Obi; We may adjust cash withdrawal limits, but the policy will not be changed – Emefiele | 5 Things That Should Matter Today

Chatham House extends an invitation to Peter Obi DSS orders NNPC and oil marketers two days to resolve fuel scarcity Peter Obi storms Shiloh, Bishop Oyedepo tells what Nigeria needs We may adjust cash withdrawal limits, but the policy will not be changed – Emefiele Outright nonsense – Defence Chief reacts to report on forced... Read More

Bishop Oyedepo, CBN, chatham house, Defence Chief, DSS, forced abortion, fuel scarcity, Godwin Emefiele, insurgency, nigeria, nnpc, oil marketers, Outright nonsense, peter obi, policy, Shiloh 2022, two days, victims, Withdrawal limits

December 7, 2022

CBN places N100,000 limit on cash withdrawal; My husband only candidate with strong support for women – Rukaiya Atiku | 5 Things That Should Matter Today

CBN places N100,000 limit on cash withdrawal Sultan, CAN say 2023 elections won’t break Nigeria My husband only candidate with strong support for women – Rukaiya Atiku Supreme Court alleges plot to silence CJN, other judges Bandits strike in Abuja, kidnap corps member, 7 others in Kubwa Across Nigeria’s 36 states and the Federal Capital... Read More

Abuja, atiku abubakar, bandits, CAN, cash withdrawal, CBN, chief justice of Nigeria (CJN), Corps Members, judges, Kidnapping, Kubwa, limit, N100000, Rukaiya Atiju, Sultan of Sokoto, supreme court

December 5, 2022

New Naira Notes Might Be Illegal – Femi Falana

Femi Falana (SAN), an activist lawyer, has encouraged President Muhammadu Buhari to propose a Supplementary Bill to the National Assembly authorizing the withdrawal of public funds from any federation account for the printing of fresh naira notes. He warned that if this isn’t done, the production of the new naira notes—without appropriation by the National... Read More

CBN, Femi Falana SAN, Finance Minister, illegal, lawyer, Naira redesign, national assembly, new notes, President Muhammadu Buhari, Zainab Ahmed

November 30, 2022

We had limited time – CBN defends simplicity of the new naira notes

The Central Bank of Nigeria (CBN) has responded to the criticism that its much-anticipated redesign of naira notes was nothing more than a cosmetic change in color, without any new security features, by stating that it had only a short amount of time to redesign the 200, 500, and 1000 banknotes. The bank stated that... Read More

CBN, Limited time, Naira redesign, new naira notes, simplicity

November 12, 2022

Naira Redesign: Everything you need to know

President Muhammadu Buhari has said that his government will not change its mind about the Central Bank of Nigeria’s (CBN) plan to redesign Nigeria’s N1,000, N500, and N200 bills. Buhari said this on Wednesday night in London, UK, right after he met with King Charles III at Buckingham palace. Godwin Emefiele, the governor of the... Read More

CBN, Naira redesign

October 31, 2022

Fuel scarcity may worsen in Lagos, others as NUPENG issues Nov 6 strike notice; Afenifere endorses Tinubu | 5 Things That Should Matter Today

Fuel scarcity may worsen in Lagos, others as NUPENG issues Nov 6 strike notice ISWAP commander captured, fighters killed attempting to liberate terrorists from Army base ‘Those with illicit money buried under soil will have problem’ – Buhari backs CBN Another association of lawyers emerges in Nigeria Afenifere endorses Tinubu Across Nigeria’s 36 states and... Read More

Afenifere, Army Base, Association of Lawyers, Buhari, CBN, fuel scarcity, ISWAP commander, lagos, Naira redesign, Nov 6 strike notice, NUPENG, terrorists, Tinubu

October 29, 2022

Redesign of the Naira: The FG distances itself from policy and cautions the CBN of the repercussions; FG to end Nigerians migration overseas | 5 Things That Should Matter Today

Redesign of the Naira: The FG distances itself from policy and cautions the CBN of the repercussionsFG to end Nigerians migration overseasTerror alert: Buhari told to sack service chiefs as US, UK citizens flee AbujaNnamdi Kanu To Remain In Custody Of Nigeria’s Secret Police, DSS– Appeal CourtLagos govt to ban sale of bottled drinks exposed... Read More

Appeal Court, Bottled drinks, Buhari, CBN, DSS, lagos state, Migration overseas, Naira note redesign, Nnamdi Kanu, Service cheifs, Terror alert, uk, Zainab Ahmed

October 27, 2022

Nigeria loses to Columbia, fail to make it to U-17 Women’s W’Cup final; LP releases updated presidential campaign list | 5 Things That Should Matter Today

Nigeria loses to Columbia, fail to make it to U-17 Women’s W’Cup final CBN to release re-designed Naira notes December US evacuates embassy staff, families in Abuja after terror alert Nigeria, Canada to strengthen trade investments LP releases updated presidential campaign list | Across Nigeria’s 36 states and the Federal Capital Territory, these are the five... Read More

Abuja, Canada, CBN, Columbia, Decmeber, Labour Party, nigeria, Presidential campaign list, Redesigned Naira notes, Terror alert, Trade investments, u-17 women world cup, US embassy

September 28, 2022

2023 elections: I will be a stepping stone for Igbo presidency – Atiku; Peter Obi visits Ooni of Ife | 5 Things That Should Matter Today

2023 Elections: I will be a stepping stone for Igbo presidency – Atiku Electoral Offences Bill will be ready soon – Senate Wike recovers Rivers aircraft from Germany CBN raises interest rate to 15.5% Peter Obi visits Ooni of Ife Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news... Read More

2023 elections, Atiku, CBN, Electoral offences bill, Germany, igbo presidency, INTEREST RATE, Ooni of Ife, peter obi, Rivers aircraft, senate, wike

August 18, 2022

Electricity workers suspend one-day strike for two weeks; Nigerian Musician Buju to face sanction for spitting on police officer | 5 Things That Should Matter Today

Electricity workers suspend one-day strike for two weeks Nigerian Musician Buju to face sanction for spitting on police officer Nigerians will receive more money as the CBN encourages banks to increase savings interest rates We’ve ended IPOB sit-at-home in Imo — Uzodinma Jigawa shut down schools over insecurity Across Nigeria’s 36 states and the Federal... Read More

Buju, CBN, electricity workers, imo state, Insecurity, interest rates, IPOB, Jigawa State, School, Sit-at-home, strike

Continuous voters registration exercise is closing tomorrow; CBN is blaming NNPC, two others, as dollar sells for N718 | 5 Things That Should Matter Today

Continuous voters registration exercise is closing tomorrow Nollywood veterans Cynthia Okereke and Clemson Cornel are missing Innoson is suing the Imo Government for a debt of N2.5 billion. Carting of IVEDs by criminals has been refuted by INEC CBN is blaming NNPC, two Others, as dollar sells for N718 Across Nigeria’s 36 states and the... Read More

CBN, Continuous Voter Registration, INEC, innoson, Nollywood veteran

Senators across parties are clashing on the decision to impeach Buhari due to insecurity; Many injured as unknown gunmen attack Owo again | 5 Things That Should Matter Today

Senators across parties are clashing on the decision to impeach Buhari due to insecurity Senate summons CBN governor over naira fall but embarks on a two-month break El-Rufai threatens to sack Kaduna lecturers involved in ASUU strike Many injured as unknown gunmen attack Owo again Tems makes solo debut on billboard hot 100 Across Nigeria’s... Read More

Billboard Hot 100, CBN, elrufai, Godwin Emefiele, Impeachment, Kaduna lecturers, Owo attack, President Muhammadu Buhari, senate, Tems

Naira falls to N645 per dollar

According to a listing on Aboki Forex, a website that provides users with information about the exchange rates at which various currencies are traded on both official and unofficial markets, the naira, which on Monday and Wednesday traded for N620 and N630, respectively, against the dollar, has dropped to N645 as of Thursday afternoon. The... Read More

Aboki forex, CBN, Emefiele, naira devaluation

CBN unexpectedly raises interest rate to 13%, the first hike in almost 6 years

The policy-setting committee of the Central Bank of Nigeria (CBN) has voted to raise the monetary policy rate (MPR), which measures interest rate, to 13 per cent to tame rising inflation. The monetary policy committee voted to hike the rate by 150 basis points to 13%, Governor Godwin Emefiele said Tuesday in a televised briefing... Read More

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