Reps Knocks CBN Over Old ₦200, ₦500, ₦1000 Validity …C0NTINUE READING HERE >>> The Labour Party Caucus Leader in the House of Representatives, Afam Ogene, has criticized the Central Bank of Nigeria (CBN) for its lack of clarity regarding the use of both old and new Naira notes. Ogene’s statement, released in Abuja on Friday, … Read more
Old naira notes not expiring in December …C0NTINUE READING HERE >>> The Central Bank of Nigeria (CBN) has dismissed reports that the old N200, N500, and N1,000 banknotes will cease to be legal tender by December 31, 2024. The Apex Bank in a statement by Mrs. Sidi Ali, the Acting Director of Corporate Communications, the … Read more
CBN Speaks On Deadline For Old ₦200, ₦500, And ₦1,000 Notes …C0NTINUE READING HERE >>> The Central Bank of Nigeria (CBN) has officially refuted rumours suggesting that old Naira notes will cease to be legal tender by December 31, 2024. In a decisive statement issued by the Acting Director of Corporate Communications, Mrs. Hakama Sidi … Read more
Withdraw Old Naira Notes, Release Sufficient New Notes- Nigerian Lawmakers Tell CBN …C0NTINUE READING HERE >>> Nigerian lawmakers have asked the CBN to withdraw old Naira notes and release sufficient new ones. Newsone Nigeria reports that the House of Representatives has urged the Central Bank of Nigeria (CBN) to ensure the wide circulation of new notes … Read more
Reps Issues Directive To CBN On Old And New Naira Notes …C0NTINUE READING HERE >>> The House of Representatives have asked the Central Bank of Nigeria (CBN) to withdraw old currency notes and increase the issuance of new naira notes. In response to a motion of urgent national significance put forth by Adam Victor Ogene … Read more
World Bank Says Naira Is Among Worst Performing Currencies in Africa …C0NTINUE READING HERE >>> According to the World Bank, Naira is among Africa’s worst-performing currencies. Newsone Nigeria reports that Nigeria’s official legal tender, the Naira is among the worst-performing currencies in sub-Sahara Africa at the end of August 2024. This online news platform understands that … Read more
How our interventions produced encouraging outcomes – Cardoso …C0NTINUE READING HERE >>> Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says “strategic interventions” of the apex bank have produced encouraging outcomes. He stated this while making a presentation at a stakeholders’ meeting held by the House Committee on Banking Regulations, on … Read more
Allen Onyema: Inside details emerge on how Air Peace boss allegedly used fake documents to swindle CBN of FX …C0NTINUE READING HERE >>> The United States Attorney’s Office of Northern District of Georgia has published damning details revealing how the Chief Executive Officer (CEO) of Air Peace, Allen Onyema allegedly used fake documents to … Read more
Why we implemented EFEMS – CBN Gov, Cardoso …C0NTINUE READING HERE >>> Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, says the apex bank’s decision to implement the Electronic Foreign Exchange Matching System (EFEMS) is to ensure trust. According to a statement by CBN’s Acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali, … Read more
CBN sells $543m to banks to check market volatility …C0NTINUE READING HERE >>> The Central Bank of Nigeria (CBN) says it sold 543.5 million dollars to authorised dealer banks between September 6 and September 30. According to a statement issued by Omolara Duke, the Director, Financial Markets Department of the CBN, the transaction was through … Read more