Naira redesign: banks’ cash withdrawal limit is Illegal—Supreme Court
Abuja—The Supreme Court has adjudged the cash withdrawal limits imposed by banks as a result of scarcity of currency notes…
Naira scarcity: business owners count losses as failed e-transactions rise
Abuja—Business owners in the Federal Capital Territory (FCT) say they are suffering losses as a result of the rise in…
Naira redesign: massive job losses loom–experts
Abuja—Economists and financial experts have said massive job losses loom amid the new naira currency crunch. Daily Post reports that…
ASSBIFI suspends strike, orders banks to resume operation
Abuja—The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has announced that banks should begin operations from…
CBN orders banks to collect old ₦500, ₦1,000 notes
Abuja—The Central Bank of Nigeria (CBN) has ordered banks to start collecting the old N500 and N1,000 notes from the…
New Naira: Buhari cannot overrule a Supreme Court order, says Ozekhome
Abuja—Senior Advocate of Nigeria, Mike Ozekhome, has said it is wrong for President Muhammadu Buhari to disobey the Supreme Court order…
Buhari extends validity of old N200 notes till April 10
Abuja—President Muhammadu Buhari has announced the extension of the validity of old N200 notes till April 10. TheCable reported that…
We have capacity, enough materials to print required new naira notes, says CBN
Abuja—The Central Bank of Nigeria (CBN) says the scarcity of naira notes is not due to a shortage of printing…
Naira scarcity: CBN does not have capacity to print new notes, says Emefiele
Abuja—Central Bank Governor, Godwin Emefiele said the apex bank does not have the capacity to print adequate new naira notes,…
Emefiele meets INEC chairman, Says CBN will not be used to frustrate 2023 elections
Abuja—Governor of the Central Bank of Nigeria (CBN) Godwin Emiefele has said that the apex will not allow itself to…
Court restrains CBN from extending deadline on use of old naira notes
Abuja—A federal capital territory (FCT) high court has compelled the Central Bank of Nigeria (CBN) to go ahead with the…
President Buhari got “false intelligence” from CBN, says Ajuri Ngelale
Abuja—The senior special assistant to President Muhammadu Buhari on public affairs, Ajuri Ngelale, has faulted the implementation of the naira redesign…
