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...
Old naira notes
By JOY ADARA, Abuja – The Central Bank of Nigeria (CBN) has debunked a misleading report misquoting the Governor, Mr. Godwin Emefiele, as attributing the current challenge in the distribution of the newly redesigned naira banknotes to a shortage of printing materials at the Nigerian Security Printing and Minting...
The Amalgamated Union of Northern Traders, on Saturday in Sokoto lauded the directives given by Gov. Bello Mutawalle of Zamfara state, for security men to arrest anybody who rejects the old naira notes during transaction. The News Agency of Nigeria (NAN) reports that Gov. Mutawalle was among the Governors...
The Leadership of the National Assembly has again stressed the need for the Central Bank of Nigeria (CBN) to allow the old and new Naira notes to be used concurrently to cushion the hardship being experienced by citizens. President of the Senate, Ahmad Lawan, made this position known when...
Asiwaju Bola Tinubu, APC presidential candidate, says the Supreme Court ruling on the implication of Central Bank of Nigeria (CBN) re-designed naira notes and cashless policy has saved Nigeria from political and economic shutdown. Tinubu in a statement issued by Mr Bayo Onanuga, Director, Media and Publicity, APC Presidential...
The Supreme Court on Wednesday temporarily stopped the withdrawal of old Naira Notes from Feb. 10 A seven-member panel led by Justice John Okoro, halted the move in a ruling in an exparte application brought by three northern states of Kaduna, Kogi and Zamfara. The three states had specifically...
Mixed reactions have trailed the Central Bank of Nigeria (CBN) extension of the deadline for collection of old naira notes by 10 days. Some Nigerians who spoke in separate interviews with the News Agency of Nigeria (NAN) on Sunday in Lagos, commended the CBN for the extension, while others...
The House of Representatives Ad-hoc Committee on New Naira Re-design and Naira Swap Policy has rejected the 10 days extension announced by the Central Bank of Nigeria (CBN) for the exchange of old naira notes. The Chairman of the committee, Rep. Ado Doguwa (APC-Kano), in a statement on Sunday,...
Some Nigerians have expressed relief as the Central Bank of Nigeria (CBN) announced a 10-day extension to the Jan. 31 deadline to change their old Naira notes. The News Agency of Nigeria (NAN) reports that the extension was announced on Sunday by the CBN Governor Mr Godwin Emefiele in...
By EZEKIEL OBI, Abuja – The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has called on the Central Bank of Nigeria (CBN) for a “slight extension” of the January 31 deadline old naira notes. Alhaji Atiku made the call in a video posted on Twitter on...
By EZEKIEL OBI, Abuja – The Muslim Rights Concern ( MURIC) has urged the Central Bank of Nigeria (CBN) to extend the Jan. 31 deadline for expiration of old naira notes by at least two weeks. MURIC said this in a statement by Malam Muhammad Aliyu of its Sokoto...
Residents of rural communities across Sokoto State on Friday trooped to cash swap centres facilitated by Central Bank of Nigeria (CBN), to obtain redesigned naira notes. The News Agency of Nigeria (NAN) reports that CBN sent officials, along with Point Of Sale (POS) owners from commercial banks as super...
By SADIQ ABUBAKAR, Maiduguri – Borno State Governor, Babagana Zulum, has directed the State Ministry of Finance and The Ministry of Higher Education, Science, Technology and Innovation to liaise with the state owned Microfinance bank, Renaissance Microfinance Bank Limited, as a matter of urgency to ensure free collection of...
The Central Bank of Nigeria (CBN) has denied scarcity of the new naira notes as alleged by some Nigerians. The CBN Governor, Godwin Emefiele, represented by Musa Jimoh, Director, Payment System Management Department of the bank, denied the allegation in a news conference on in Jos. ”The CBN has...
Bank customers in Benin, have decried scarcity of the new Naira notes at Automated Teller Machines (ATMs) as well as Point of Sales (POS). The News Agency of Nigeria (NAN) recalls that the Central Bank of Nigeria CBN), had announced Jan. 31, 2023 as deadline for the use as...
Gov. Samuel Ortom of Benue, has called on the Central Bank of Nigeria (CBN) to extend the deadline of the use of the old naira notes, especially for those in the rural areas. Ortom made his feelings known when the Governing Council and Management of the Joseph Sarwuan Tarka...
Nigerian traders in Adamawa State have stopped business transactions with the old Naira notes of N1,000, N500 and N200 ahead of the official deadline of Jan. 31. Some of the traders confirmed this to the News Agency of Nigeria (NAN) on Wednesday in Yola. They expressed difficulties in getting...
The Senate has urged the Central Bank of Nigeria (CBN) to extend the withdrawal date of the old naira notes from Jan. 31 to July 31. The upper chamber also urged the CBN to open an exchange window where people that don’t have bank accounts to deposit their old...
By PATRICK ABANG, Calabar – The Central Bank of Nigeria (CBN) has threatened to sanction erring banks who are still dispensing old naira notes through the Automated Teller Machine (ATM). The CBN Branch Controller in Cross River State, Ms. Glory Iniunam gave the warning in Calabar during a sensitization...
The Central Bank of Nigeria (CBN) has advised market traders and business operators in Kwara to embrace use of Point of Sale (POS) machines for transaction to beat the old Naira notes submission deadline rush. The CBN, Ilorin Branch Controller, Mr Najim Lamidi, gave the advice at the Day...