To stem the hardship faced by residents arising from cash scarcity, the Ondo State Government on Monday held a meeting with representatives of the Central Bank of Nigeria (CBN) and Commercial Banks in the state. The Deputy Governor of Ondo State, Mr Lucky Aiyedatiwa, at the meeting in Akure,...
CBN
The Pastor of Christ Embassy Church, Lekki, Pastor Deola Phillips, has called for prayers for the healing of the nation. Phillips made the call in a statement to herald the seventh edition of the Healing Streams Live Healing Service with Pastor Chris Oyakilome. She said that there was the...
By BARBARA KALU, Umuahia – The Abia Government says it will sanction any person, group or business entity that rejects the old 500 and 1,000 naira notes for business transactions. The threat is contained in a statement issued by the Secretary to the State Government, Mr Chris Ezem, and...
The Bayelsa Government on Saturday called on the the Central Bank of Nigeria (CBN) to respect the judgment of the Supreme Court and ease the hardships of citizens caused by the new Naira policy. The government also appealed for calm amidst the challenges faced by Nigerians following the Naira...
Some Nigerians have expressed regrets for collecting the old N500 and N1,000 notes from commercial banks, after the Supreme Court judgment validating it as legal tender till Dec. 31. They told the News Agency of Nigeria (NAN) in separate interviews that it had been challenging spending the two old...
By OJOMA PETER, Lokoja – Kogi State Governor, Yahaya Bello has threatened to arrest and prosecute those rejecting the old Naira notes. The governor stated this in a statement issued by Bello’s Commissioner for Information and Communications, Mr Kingsley Fanwo in Lokoja. It would be recall that the Supreme...
Sheikh Yahya Al-Yolawi, the Chief of Nurul Yaqeen Jumma’at Mosque Life Camp, Abuja, has urged the Central Bank of Nigeria (CBN) to ensure the release of more redesigned naira notes as the months of Ramadan are fast approaching. Al-Yolawi made the call while delivering his Jumma’at Sermon, titled, “the...
Commercial banks in the Federal Capital Territory (FCT), have started issuing the old Naira notes to customers. The News Agency of Nigeria (NAN) checks at some banks in Abuja on Wednesday, revealed that customers thronged banks to collect the notes while some rejected them. Mr Ifeanyi Udenna, a customer...
The Central Bank of Nigeria (CBN) issued operational guidelines for open banking in Nigeria on Wednesday. The News Agency of Nigeria (NAN) reports that the guidelines establish principles for data sharing across banking and payment systems. In the guidelines, the CBN shall provide and maintain an Open Banking Registry...
The Central Bank of Nigeria (CBN) has been warned against the consequences of disregarding the Supreme Court’s judgment directing that the old naira notes should co-exist with the new one until Dec. 31. Mr Seun Abimbola, a former Attorney-General and Commissioner for Justice in Oyo State, gave the warning...
Some traders and marketers in Lagos have said they would accept the old denominated naira notes of N500 and N1,000, only when President Muhammadu Buhari gives the order. The people told the News Agency of Nigeria (NAN) in separate interviews that they were being careful and at the same...
Nigerians are yet to access the new and old Naira notes days after the Supreme Court order reverting the Central Bank of Nigeria (CBN) directive to stop its use as legal tender from Feb. 10. The News Agency of Nigeria (NAN) reports that Deposit Money Banks (DMBs) in Abuja...
By OLA MUDOPE, Lagos – FirstBank of Nigeria Ltd., has appointed Mr. Oluseyi Oyefeso as Executive Director, Retail Banking in charged of the South. The bank in a statement on Monday in Lagos, said his appointment, which took effect on March 2, 2023, was subject to the Central Bank...
Aliyu Mukadas, a witness in the trial of ex-Minister of State for Finance, Amb. Bashir Yuguda and four others, on Monday told an FCT High Court, Maitama, that the operations of the Office of the National Security Adviser (ONSA) were always covert. Others defendants in the trial are retired...
The Central Bank of Nigeria (CBN) says it remains committed to its developmental mandate of stimulating access to finance for the real sector, disclosing that total repayments as of the end of February 2023 under the Anchor Borrowers’ Programme (ABP) stood at N0.503 trillion, representing 52.39 per cent, adding...
Business operators in the Federal Capital Territory (FCT) Abuja say they are anxious to hear from President Muhammadu Buhari and/or the Central Bank over validity of old Naira notes. The business operators were reacting to the Supreme Court ruling that the old N500 and N1000 notes remained legal tender...
By JOY ADARA, Abuja – The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to reveal plans his administration is taking to obey the recent Supreme Court order on the naira redesign. Last week, the Supreme Court extended the validity of the old N200, N500, and...
By OLA MODUPE, Lagos – Following the invalidation of the restrictions on the old Naira notes under the Naira redesign policy by the Supreme Court on Friday, The Human and Environmental Development Agenda (HEDA Resource Centre) has charged the Central Bank of Nigeria and the Economic Financial Crime Commission...
Stakeholders in the energy sector have expressed divergent views on the Supreme Court judgment over extension of the use of old Naira notes till Dec. 31. They expressed their different views in separate interviews with the News Agency of Nigeria (NAN) on Saturday in Lagos. NAN reports that the...
Alhaji Sani Abdullahi Shinkafi, chieftain of the All Progressives Congress (APC) in Zamfara, has urged the Federal Government to respect the Supreme Court judgment and allow Nigerians to use the old Naira notes concurrently with the redesigned notes. Shinkafi, who made the appeal while addressing newsmen in Gusau on...