CBN

The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country, and  has also directed all commercial banks to open for operation on Saturdays and Sundays. The apex bank…

The Central Bank of Nigeria has finally concluded plans to release all N1,000, N500 and N200 notes in its custody to Deposit Money Banks, The PUNCH can report authoritatively. This decision is expected to end months of hardships and…

The Central Bank of Nigeria has directed commercial banks to dispense and receive old naira notes as legal tender across the country. The CBN gave the directive at a Bankers’ Committee meeting held on Sunday, according to a statement by…

Ten states are set for a fresh legal battle with the Federal Government and the Central Bank of Nigeria (CBN) following the non-compliance of the Federal Government and the apex bank with the March 3rd judgment of the Supreme Court on the…

The Oyo State Governor, Engineer Seyi Makinde has suspended all political campaigns in the state and deployed free ‘Omituntun’ transport buses to ease the pains of residents facing the twin crises of naira and fuel scarcity. Makinde, who…

The Central Bank of Nigeria has finally extended the deadline for the exchange of old naira notes by 10 days.  In a press statement issued on Sunday, Godwin Emefiele, the CBN governor, said the new deadline is February 10, 2023.

The Central Bank of Nigeria (CBN) has foreclosed the possibility of extending or shifting the deadline on the deposit of the old naira notes. CBN Governor Godwin Emefiele apologised to Nigerians for not extending the deadline but stated…