Central Bank of Nigeria (CBN)

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The First Lady, Mrs Aisha Buhari, has disclaimed the fake news on old higher Naira banknotes posted on her verified Instagram and Facebook handles on Tuesday, challenging security agents to unmask the hacker behind the fake news and punish the culprit. The Wife of the President also noted that the author of the fake press […]

The Central Bank of Nigeria (CBN) says there is no going back on the February 10, 2023 deadline for the swapping of the old N1,000,  N500, and N200 notes. While there has been controversy over the deadline with some governors dragging the apex bank to the Supreme Court and the court restraining the bank from […]

Residents of Ilorin, the Kwara State capital have expressed concern over the decision of some business owners to reject old naira notes during transactions. The rejection of the old notes of N1000, N500 and N200 following the currency swap policy of the Central Bank of Nigeria (CBN), came amidst the Supreme Court ruling that old […]

The Council of State has advised President Muhammadu Buhari to direct the Central Bank of Nigeria (CBN) to print more redesigned naira notes or allow the new and old banknotes to circulate concurrently to ease the tension caused by the scarcity of cash. Briefing State House Correspondents after the Council meeting chaired by the President, […]

The Niger State Government has said that the cashless policy introduced by the Central Bank of Nigeria (CBN) has led to the closure of some shops and markets in urban and rural areas in the state. The government, in a statement Thursday, said: “Governor Abubakar Sani Bello is deeply moved by the attendant consequences of […]

The Central Bank of Nigeria (CBN) has reversed itself and directed banks to commence paying customers new Naira notes Over The Counter (OTC). The apex bank said the order was to reduce queues around Automated Teller Machines (ATMs) across the country. A statement from CBN’s Director Corporate Communication Osita Nwanisobi, explained banks can only pay […]

The Central Bank of Nigeria (CBN) has extended the deadline for the use of the old notes till February 10.CBN Governor, Godwin Emefiele, announced the extension in a statement signed on Sunday. He explained that the apex bank has sought approval from President Muhammadu Buhari to extend the deadline for the use of the old […]

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, Monday resumed duty after his annual vacation abroad. Royal Times reports that a statement by CBN Director,  Corporate Communications Department,  Mr. Osita Nwanisobi,  said Emefiele, who proceeded on leave in December 2022, resumed work Monday. He said,  “The governor resumed with renewed vigour […]

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