Economy

Banks complicit as SSS arrests currency traders selling new naira notes

It did not, however, say if those ‘intercepted’ and their bank collaborators would be prosecuted.

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.

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.

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.

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.

CBN sacks boards of Union, Keystone and Polaris banks

The CBN also assured the public of the safety and security of depositors’ funds, saying it remained resolute in fulfilling its mandate to uphold a safe, sound, and robust financial system in Nigeria.

FG, States, LGs share N1.1trn as december allocation

The balance in the ECA was $473,754.57

CBN increases weekly cash withdrawal limit

The apex bank said it made the decision based on feedback received from stakeholders.

PICTURES: Redesigned N200, N500 and N1000 notes unveiled

The Central Bank of Nigeria (CBN) had last month announced that the three top notes of the country's currency will be redesigned while the old ones remain legal tender until January 31 next year.
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