Central bank of Nigeria
Kaduna residents flooded commercial banks on Tuesday following the Central Bank of Nigeria’s directive that old N500, and N1,000 notes should remain valid legal tender until December 31. According to reports, many commercial banks’ gates were full before 8:00 am, with customers optimistic that their sufferings have come to an end. One of the residents, […]
The Independent National Electoral Commission (INEC) says it has taken possession of a “substantial part” of the cash it requested of the Central Bank of Nigeria (CBN) amid the naira scarcity. The INEC Chairman, Prof. Mahmood Yakubu, confirmed receipt of the funds on Thursday during a press conference in Abuja on the commission’s activities two […]
The Independent National Electoral Commission has expressed hope that its cash request presented to the Central Bank of Nigeria would be met on or before Tuesday. INEC National Commissioner and Chairman of its Committee on Information and Voter Education, Festus Okoye, disclosed this to newsmen. The commission had earlier said it presented its cash requirement […]
The ruling All Progressives Congress (APC) has advised the Federal Government and the Central Bank of Nigeria (CBN) to respect the Supreme Court order of Interim injunction on the implementation of the cash swap. The National Working Committee (NWC) of the party after a meeting with Governors elected on the platform of the party and […]
Armed policemen have taken over the premises of the Central Bank of Nigeria (CBN) located in the Alagbaka area of Akure, the Ondo state capital, following a siege on the facility by some bank customers. Daily Trust reports that scores of aggrieved bank customers had in the early hours of Tuesday stormed the CBN office […]
The Central Bank of Nigeria (CBN) has declared that the old N200, N500 and N1000 have ceased being legal tender since February 10, 2023. It could be recalled that CBN had originally fixed January 31 as the deadline for old notes to be in circulation but extended it in response to pressure from Nigerians. However, […]
The Kaduna State governor, Nasir El-Rufai has again come hard on the presidency, saying he no longer believes in the leadership of President Muhammadu Buhari. Recall that sequel to the recent cash policy by the Central Bank of Nigeria, CBN, the governor had raised the alarm that some elements in the presidency were working against […]
The Police Command in Oyo State says it has arrested some suspected hoodlums for allegedly stockpiling and smuggling arms into the state to cause violence, under the guise of peaceful protest over naira notes and fuel scarcity. The Commissioner of Police in the state, Adebowale Williams, made this known during a security summit, organised by […]
The Federal Government has said it would obey the ruling of the Supreme Court suspending the February 10 deadline given by the Central Bank of Nigeria, CBN on the exchange of naira notes. Recall that the apex court in its ruling on Wednesday, suspended the February 10 deadline on the old naira notes which expires today. […]
The Central Bank of Nigeria CBN has said it would not allow itself to be seen as derailing the forthcoming general election, promising to do all within its mandate to assist the Independent National Electoral Commission INEC to deliver free, fair, credible, and inclusive polls. According to the apex bank, it would bend backward to […]
