Economy

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.

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.

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

The balance in the ECA was $473,754.57

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.

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 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 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.

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.

Naira Redesign: Speaker threatens to issue arrest warrant on CBN governor

Mr Doguwa informed the House that the CBN and Mr Emefiele did not honour the invitation to appear before the committee on Wednesday.
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