Friday, June 9, 2023


Don’t allow Emefiele flee from Nigeria, Governor urges Buhari

The governor queried why the CBN governor was embarking on studying abroad at the tail end of the Buhari administration despite his tenure expiring in ten months time.

Naira Scarcity: NLC, TUC suspend planned nationwide strike

At the meeting, Emefiele said steps have been taken to alleviate the sufferings of the masses in relation to the the naira crunch in the country.

Supreme Court extends old naira notes validity till December

The court held that the directive of President Muhammadu Buhari for the redesign of the new notes and withdrawal of the old notes without due consultation is invalid.

Naira Swap: Supreme Court fixes March 3 for ruling on states’ lawsuit against Buhari

Arguments during today’s hearing focused on a contempt decision against Attorney-General Abubakar Malami, who had failed to implement the court’s decision for old notes to keep circulating until a substantive ruling on the matter.

Confusion as CBN, banks issue different procedure for depositing old naira notes

This is after banks started issuing notice to their customers, informing them to commence deposit of old naira notes up to a maximum of N500,000.

Deposit limit pegged at N500,000 as CBN directs banks to collect old N500, N1,000...

It, however, pegged the maximum amount the banks can collect at N500,000 daily per deposit.

Buhari: Old N200 notes remain legal tender till April 10

The Central Bank of Nigeria (CBN) had given a deadline of January 31 for the use of old naira notes — but it extended it to February 10.

FULL SPEECH: Read Buhari’s address to Nigerians on Naira swap

​In line with Section 20(3) of the CBN Act 2007, all existing old N1000 and N500 notes remain redeemable at the CBN and designated points.

Godwin Emefiele: February 10 deadline on old Naira notes stands

The clarification is coming on the heels of confusion over the supreme court order which extended the deadline to February 15, pending the hearing by the court.
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