The Central Bank of Nigeria (CBN) has declared that the old Naira Notes of N200, N500 and N1000 have ceased to be legal tender in Nigeria since the 10th of February, 2023. The declaration was made by the Branch Controller of the Central Bank of Nigeria (CBN), Bauchi, Haladu Idris Andaza while briefing Journalists on Monday at the CBN, branch […]
Continue reading »
Nigerians with old notes can still deposit them at commercial banks even after the February 10 deadline, this is according to the Central Bank Governor, Godwin Emefiele. Emefiele stated this on Tuesday while appearing before the House of Representatives ad hoc committee. It would be recalled that the lawmakers had accused Emefiele of breaching section 20 of the CBN act. […]
Continue reading »
As the January 31 deadline to phase out old naira notes inches closer, the new banknotes’ shortage across the country takes its toll on Nigerians. The heat continues to mount as the Speaker of the House of Representatives, Femi Gbajabiamila threatens to issue an arrest warrant on CBN Governor, Godwin Emefiele over his refusal to honour the House Committee’s invitation. […]
Continue reading »
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Tuesday declared that the January 31, 2023 deadline fixed by the apex bank for the return of old N200, N500 and N1,000 banknotes will not be extended. Emefiele, rather, urged those who might still be holding on to the old banknotes to turn them in, assuring them […]
Continue reading »
Economic experts have said Nigerians would lose their hard-earned money over the Central Bank of Nigeria’s refusal to extend the January 31 deadline for phasing out N200, N500 and N1000 notes. Recall that the Governor of CBN, Godwin Emefiele, said there is no going back on the deadline shortly after the Monetary Policy Meeting on Tuesday. The CBN stated that 90-100 days […]
Continue reading »
The Central Bank of Nigeria (CBN) on Wednesday continued with its nationwide sensitisation and public enlightenment exercise on its naira redesign project as the January 31, 2023 deadline for the retirement of the old N200, N500 and N1,000 draws closer. It also stressed that it has enough new banknotes to go round. It urged Nigerians to report banks that don’t […]
Continue reading »
Amid the rising demand for the new naira notes, the Central Bank of Nigeria (CBN) has dismissed speculations over the inadequacy of the new notes in the Deposit Money Banks (DMBs), saying the banks have enough new notes to circulate across the nation ahead of the January 31 deadline when old notes will cease to be a legal tender. The […]
Continue reading »
•Ahmed reiterates Nigeria not planning debt restructuring, restates commitment to obligations •Country lost N6trn to tax incentives in 2021, moves to phase out pioneer incentives •Says finance bill will be signed into law in few days •80.6% of revenue spent on debt service in 11 months The federal government has revealed that the incoming administration would inherit about N77 trillion […]
Continue reading »• Nigeria accounts for 67%, Ghana 10% of global output The Federal government has raised concern over the inability of the country to export yam despite accounting for 67 per cent of the global output. Of great concern to the government is the fact that Ghana, which produces a meager 10 per cent of the global output has its earning […]
Continue reading »
• Declares emergency on shipping sector With Lagos ports accounting for over 90 per cent of import and export cargoes in Nigeria, the Maritime Workers’ Union of Nigeria (MWUN) has urged the Federal Government to initiate and compel the immediate expansion of other ports in the country over intense pressure on Lagos port facility and personnel overstretched. The union said […]
Continue reading »
Return to Top ▲