CBN denies devaluing Naira to 630/$1

A national daily on its frontpage reported on Thursday that the apex bank devalued the country's currency to now trade at ₦630 per dollar from ₦462.

Banks get approval to issue NIN-enabled ATM cards

According to the minister, although the NIMC Act 2007 only mandates Nigerians to have a National Identity Number and not necessarily a printout card, demands for cards have swelled nonetheless.

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.
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