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. The apex court, which heard the…
Presidency dismisses reports on disobeying Supreme Court ruling on legality of currencies
The Presidency has dismissed as false the assertion that the Federal Government or the Central Bank of Nigeria (CBN) had refused to recognise old N200, N500 and N1,000 notes as legal tender despite Supreme Court ruling. The News Agency of…
CBN delists old 200, 500, 1000 naira notes as legal tender
The Central Bank of Nigeria (CBN) said old naira notes of ₦200, ₦500, ₦1000 notes are no longer legal tender in the country. The CBN declared that the old ₦200, ₦500, ₦1000 notes ceased being legal tender in Nigeria on…
INEC dismisses reports on election postponement
The Independent National Electoral Commission (INEC) has dismissed reports on the planned postponement of the 2023 General Election. The commission in message on its Twitter handle titled: “fake news alert” on Monday night said INEC has no plan and will…
Mefy, stop riding the back of a tiger — Ehi Braimah
For those who do not know, “Mefy” is the alias of Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) who completed his first term of five years in 2019 and was re-appointed by President Muhammadu Buhari for another…
Panic, confusion as traders, petrol stations reject old naira notes in Abakaliki
Residents of Abakaliki have urged the federal government to, as a matter of urgency, address the nation in a nationwide national broadcast on the suspension/extension of the deadline for the old naira note swap. The residents who spoke to the…
Cash is king and we are all its slave — Gbubemi Atimomo
Thoughts on the naira redesign and the resulting cash scarcity If we ask all Nigerians to raise their hands if they have had to look for cash for any reason, we would most likely form the largest human canopy in…
Supreme Court suspends CBN deadline on old, new naira notes swap
Supreme Court on Wednesday ordered a suspension of the deadline for the swapping of old to new Naira notes by the Central Bank of Nigeria (CBN). The Supreme Court issued an interim injunction restraining the Federal Government from suspending the…
MACBAN urges CBN to mainstream interest of pastoralists in cashless policy
The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), an umbrella body of Nigerian pastoralists, has urged the Central Bank of Nigeria (CBN) to mainstream the interest of pastoralists in the implementation of cashless policy. The National Public Relations Officer,…
Ondo residents groan as traders, POS operators, others reject old naira notes
Residents of Okitipupa, in Okitipupa Local Government Area (LGA) of Ondo State, have expressed worry as traders, Point of Sales (POS) operators, commercial motorists and motorcyclists reject old naira notes, four days to it’s expiration. The News Agency of Nigeria…
