The Central Bank of Nigeria (CBN) has implemented a coordinated effort to ease the circulation of banknotes of various denominations across the country. To achieve this, the CBN has evacuated banknotes from its vaults and distributed them to commercial banks nationwide. This measure is expected to increase the availability of cash in circulation, thereby mitigating... Read More

Central Bank of Nigeria (CBN), Godwin Emefiele, Naira redesign, naira scarcity, old naira notes

March 14, 2023

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Old Naira Notes Legal Tender Till Dec 31 – CBN; Peter Obi Challenges Tinubu’s Victory Process | 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: Old Naira Notes Legal Tender Till Dec 31 – CBN The Central Bank of Nigeria (CBN) says the old N200, N500, and N1000 notes remain legal tender until December 31, 2023. Isa Abdulmumin, the CBN spokesperson,... Read More

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Asiwaju Bola Ahmed Tinubu, Babajide Sanwo-Olu., BVAS, Central Bank of Nigeria (CBN), Commercial banks, Dino Melyae, fees, FG, Godwin Emefiele, Independent National Electoral Commission (INEC), INEC, Labour Party (LP), Lagos State Government, legal tender, old naira notes, penalty, peter obi

February 14, 2023

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Old naira notes are no longer legal tender – CBN warns Nigerians, Banks

Despite the Supreme Court’s decision prohibiting the apex bank from enforcing the February 10 expiration date for the old N200, N500, and N1,000 notes, the Central Bank of Nigeria has claimed that they are no longer lawful cash. This was made public on Monday by Haladu Idris Andaza, the branch controller for the CBN in... Read More

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banks, Central Bank of Nigeria (CBN), Godwin Emefiele, legal tender, N1000, N200, N500, naira scarcity, old naira notes

January 30, 2023

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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

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January 24, 2023

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We will not change the January 31st deadline for Old Naira Notes – Emefiele

In order to combat inflation, the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) from 16.5% to 17.5%. This was stated by CBN Governor Godwin Emefiele on Tuesday in Abuja, following a Monetary Policy Committee (MPC) meeting. The MPC increased the monetary policy rate by 100 basis points to 17.5% and... Read More

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Cash Reserve Ratio, Central Bank of Nigeria (CBN), deadline, Godwin Emefiele, January 31st, Monetary Policy rate, old naira notes, Redesigned Naira notes, Withdrawal limits