The Central Bank of Nigeria (CBN) has extended the deadline for the exchange of old naira notes by 10 days. CBN governor Godwin Emefiele in a statement said the new deadline is Friday, February 10, 2023. Emefiele made the announcement…
*Stampede as Nigerians tackle CBN deadline on cash swap (Guardian)*Banks short of new notes as ATMs dry up (DailyTrust)
Stampede as Nigerians tackle CBN deadline on cash swap (Guardian) Nigerians, from all parts of the country, will enter this weekend agitated and confused over the currency redesign policy of the Central Bank of Nigeria (CBN). While banks remain open…
Naira Redesign: January 31 deadline for old notes remains – Emefiele
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the Jan. 31 deadline to stop the circulation of old Naira notes remains. Emefiele gave the clarification on Tuesday in Abuja, after the Monetary Policy Committee (MPC)…
Governors invite Emefiele to emergency meeting over naira redesigning
Governors of the 36 states of the federation have invited the Central Bank Governor, Godwin Emefiele, to an emergency meeting in Abuja on the recent policy of redesigning the Naira notes. The meeting according to a statement signed on behalf…
Alleged Missing N89t: CSOs apologise to Emefiele over call for his Visa ban
A coalition of civil society organisations yesterday rendered an unreserved apology to the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, over calls for his visa ban over the alleged missing of N89 trillion stamp duty. They…
CBN cash withdrawal limit begins today
The Central Bank of Nigeria’s policy on restriction on daily cash withdrawal takes off across the country today, Monday, January 9. The PUNCH reports that in this arrangement, the maximum weekly limit for cash withdrawals across all channels by individuals…
*Son kidnaps father, collects N2.5m ransom (DailyTrust)*CBN bans over-the-counter withdrawal of new notes (Punch)
Son kidnaps father, collects N2.5m ransom (DailyTrust) The Kwara State Police Command has arrested one Issa Naigheti for allegedly kidnapping his father and collecting a ransom of N2.5m. Ajayi Okasanmi, spokesman of the command, who disclosed this said the suspect…
Emefiele’s representative addresses Reps on cash limits
The Deputy Governor, Financial System Stability, Central Bank of Nigeria, Aisha Ahmad, is currently addressing the House of Representatives over the latest policy by the apex bank which, among others, sets limits to cash withdrawals at the Deposit Money Banks…
Newly redesigned Naira now in banks, ready for issuance – Emefiele
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the newly redesigned Naira notes are already in banks and ready for issuance. According to a statement in CBN’s official twitter handle, Emefiele said so in Daura…
Reps summon Emefiele over CBN cash withdrawal limits
The House of Representatives has criticised the new policy introduced by the Central Bank of Nigeria which, among others, sets limits to cash withdrawals at the Deposit Money Banks and other financial institutions. Consequently, the House summoned the Governor of…
