FEC approves N2.1trn supplementary budget for 2023
He added that N18 billion was allocated to the Independent National Electoral Commission (INEC) to organise the 11 November off-cycle governorship elections in Kogi, Bayelsa and Imo states.
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.
CBN extends deadline for use of old naira notes
The new deadline is now 10 February instead of the former 31 January deadline, he said.
CBN denies planning to redenominate Naira
While the bank may be considering reforms, AbdulMumin said “such are subject to laid down procedures in line with the provisions of the CBN Act, 2007.”
CBN limits cash withdrawals to N100,000 per week
This development comes shortly after the newly redesigned N200, N500, and N1000 banknotes were launched by President Muhammadu Buhari’s regime.
CBN increases weekly cash withdrawal limit
The apex bank said it made the decision based on feedback received from stakeholders.
Pay new Naira notes over the counter, CBN orders banks
The apex bank on Wednesday also said it would, in conjunction with the Nigerian Police and other agencies, prosecute sellers and abusers of naira.
Extend deadline for the exchange of old naira notes till July 31, Senate urges...
The apex bank had in October last year said the old naira notes would seize to be legal tender from January 31, a stance that was reiterated by its governor, Godwin Emefiele, at a meeting in Abuja on Tuesday, January 24.
Emefiele: Banks will continue to accept old Naira notes after deadline
He said the CBN will also accept the old naira from banks after the February 10 deadline.