Economy

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.

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.

Emefiele: Old Naira notes redeemable only at CBN after February 10

Also, the CBN governor assured Nigerians that nobody would lose their legitimately earned money due to the naira redesign project, saying the exercise was in the overall interest of Nigerians and the economy.

CBN appoints new executives for Union, Keystone and Polaris banks

The appointments take immediate effect.

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.

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.

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.

CBN orders commercial banks to obtain customers’ social media handles for identification

If implemented by commercial banks, this development will see Nigerians add their social media accounts to their bank details.

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.
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