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Lawmakers in the House of Representatives have ordered the Central Bank of Nigeria (CBN) to phase out the old Naira notes. They directed CBN to begin the gradual withdrawal of the old notes from circulation before the deadline of December 31, 2024. The resolution of the House followed the adoption of a motion of urgent […]
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The Central Bank of Nigeria (CBN) has revealed how much it cost it to print new naira notes in 2022. The apex bank said it spent N96.46 billion to print and distribute new naira notes in 2022. The apex bank made this known in its recently released audited financial statement for the year ended December […]
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The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa has revealed that the commission arrested a man with N30 million of new naira notes. Bawa made the revelation on Thursday, February 23. This with many banks unable to pay with the newly designed notes. The scarcity of the redesigned N200, N500 and N1000 […]
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Supreme Court’s temporary suspension of the February 10 deadline for the use of old Naira notes has been greeted with social media reactions. A seven-member panel led by Justice John Okoro on Wednesday stopped FG’s ban on old naira notes after it was challenged by three northern states of Kaduna, Kogi and Zamfara. The three […]
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Angry Nigerians today, took to the streets of Lagos in protest over the scarcity of new Naira notes. The protesters who are the members of Coalition of Civil Society Group are protesting the scarcity of new Naira notes. The protests held at Marina, Lagos, on Tuesday.
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A woman has shocked Nigerians online after making a claim about the new naira note. The woman showed what became of the new Naira note after it was washed by mistake. She explained that her sister forgot it in her pocket and washed it. The 500 Naira note faded when it eventually dried. “If rain […]
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The President of the Federal Republic of Nigeria has unveiled the redesigned naira notes to the public. It was unveiled at the Federal Executive Council meeting presided over by President Muhammadu Buhari a few minutes ago. The Governor of the Central Bank of Nigeria, Godwin Emefiele warned Nigerians against holding of the old notes, saying […]
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Bandits in Zamfara State have begun their illicit activities with demand for the new Naira notes which is expected to be unveiled today by President Muhammadu Buhari. They are said to have kidnapped 4 villagers in Kolo community, Gusau Local Government Area of the State. Reports say that the kidnapped victims include a man, a […]
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Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) has revealed that President Muhammadu Buhari will unveil the redesigned Naira notes tomorrow, Wednesday, November 23, 2022. Emefiele disclosed this while speaking at the Central Bank’s Monetary Policy Committee monthly meeting in Abuja. In October, the CBN Governor announced that the apex bank would issue […]
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The Central Bank of Nigeria (CBN) has replied the Minister of Finance, Budget and National Planning, Zainab Ahmed, who claimed that her ministry has no knowledge about the redesigning of the Naira notes. The Minister shocked many Nigerians on Friday when she appeared before a Senate committee and denied any knowledge of the planned redesign. She also […]
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