New Naria Note

The Supreme Court today adjourned judgment in the new naira policy suit to March 3rd, 2023. With the apex court’s decision, Nigerians, especially consumer, business groups as well as professional and trade unions looking up to the apex court for a favorable judgment (today) that they expect will ameliorate their suffering, will have to wait. […]

Governor Ademola Adeleke of Osun State has asked the Central Bank of Nigeria (CBN) to sanction financial institutions hoarding the new Naira and ensure they are made available to the people. Disclosing that the state had been sacrificing so much to calm frayed nerves, he warned CBN against taking the patience of Osun people for […]

The Supreme Court has said its February 8 order barring the Federal Government and its agencies from enforcing the February 10 deadline for the use of old 200, 500 and 1000 naira notes still subsist. The court made the clarification today following complaint by lawyer to Kaduna, Kogi and Zamfara States, Abdulhakeem Mustapha (SAN) that the Fed […]

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 […]

Following the directive of the Central Bank of Nigeria for the swapping of old naira notes to new notes, Nigerians have begun to lament the challenges involved in the process despite the extension to February 10, 2023. Checks by The PUNCH showed that the people are not only experiencing challenges in swapping the old naira […]

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 Public Complaints Commission (PCC), has expressed displeasure over the lopsided distribution of the new notes in Ekiti State. Decrying how the rural dwellers have been seriously affected by what he described as poor implementation of the naira redesigned policy by the Central Bank of Nigeria, the PCC Federal Commissioner representing Ekiti State, Hon. Kayode […]

The Central Bank of Nigeria has insisted that there is no going back on the January 31 deadline for the old 200, 500 and 1,000 naira notes, as they will cease to be legal tender in the country. The CBN Governor Godwin Emefiele reiterated the apex bank’s stance after the Monetary Policy Committee meeting in […]

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