The Central Bank Of Nigeria

Ahead of the January 31 deadline set by the Central Bank of Nigeria for the phasing out of the old N1,000, N500 and N200 notes, some mega-churches, schools and retailers have set time limits for the collection of the old currencies. This came as the lingering shortage of old naira notes forced several commercial banks […]

  Central Bank of Nigeria (CBN) has vowed to sanction any commercial bank hoarding the new naira notes from the public. The apex bank said that from Thursday , it would commence the monitoring of commercial banks to know those who are not giving the new naira notes to costumers. Daily Trust Newspaper reports that […]

Amidst complaints in some quarters following the scarcity of the redesigned Naira notes, the Central Bank of Nigeria (CBN) has promised to monitor commercial banks to ensure they comply with the directive of loading the new Naira notes in their Automated Teller Machines (ATMs). This was made known by the CBN Director of Currency Operations, […]

The Central Bank of Nigeria has said the myriads of security challenges plaguing the country, ranging from terrorism to kidnapping, will be curbed with the use of its latest initiative of the naira redesign. Speaking on Tuesday at a programme at the Gombe International Market, the Senior Manager, Currency Operations Department, CBN, Shamsudeen Imam, said […]

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