The Central Bank of Nigeria (CBN) has restored the old 200, 500 and 1000 naira notes to remain as legal tender until December 31, 2023. CBN spokesperson Isa Abdulmumin made the disclosure in a statement on Monday. “In compliance with…
CSOs urge CBN to publish amount of redesigned naira disbursed to banks
A coalition of Civil Society Organisations (CSOs) has urged the Central Bank of Nigeria (CBN) to publish details of the amount of the redesigned naira notes disbursed to commercial banks. The coalition, comprising of no fewer than 38 CSOs included;…
Currency Swap: Group laments needless tension, urges Nigerians to shun APC’s antics
A public policy think tank, the NEO AFRICANA CENTRE (NAC), has expressed concern over the tension in the country occasioned largely by the currency swap that has led to the ongoing cash crunch that the people are experiencing. The Centre…
Nigerians won’t lose old notes after deadline – CBN
The Central Bank of Nigeria (CBN) has bowed to the demand of the House of Representatives for a gradual phase-out of the old naira notes. Its Governor Godwin Emefiele, who appeared before the House of Representatives ad hoc Committee, said…
Finally, CBN Governor Emefiele appears before Reps committee over new Naira notes
The Central Bank Governor, Godwin Emefiele is before the ad-hoc committee of the House of Representatives which is investigating the scarcity of the new naira notes. Emefiele had failed to appear before the lawmakers after initial requests detailing in a…
CBN extends deadline for old naira notes swap by 10 days
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…
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…
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…
Buhari unveils redesigned naira notes
President Muhammadu Buhari has unveiled the redesigned naira notes of N200, N500 and N1000 at the Council Chamber of the Presidential Villa Abuja on Wednesday. The News Agency of Nigeria (NAN) reports the unveiling of the naira notes preceded the…