March 13, 2023
Nigeria: Cashless Policy - Edo Residents Reject Old Notes From Banks
Residents in Benin, Edo capital, on Monday refused to collect the old N500 and N1,000 notes being issued to customers at some commercial banks in the state. Read more »
Nigeria: ACF, Ohanaeze, Afenifere, Others Tackle Buhari Over Naira Redesign Policy
AREWA Consultative Forum, ACF, has told President Muhammadu Buhari that the much-touted benefits of the naira redesign policy can never justify the damage to his credentials as a… Read more »
March 10, 2023
Nigeria: Rejecting Old Naira Notes Weakening Economy - Akeredolu
GOVERNOR Rotimi Akeredolu of Ondo State, yesterday, said the rejection of the old naira notes by traders and business owners is flagrant disobedience to the law. Read more »
February 21, 2023
Nigeria: Buhari's Firm Defence of Naira Policy
President Muhammadu Buhari has continued to surprise his critics and well-meaning Nigerians with his no-nonsense stance towards the Central Bank of Nigeria, CBN's, Naira… Read more »
February 20, 2023
Nigeria: Restriction of Forex Affects Export, Import of Stock Fish - Norwegian Envoy
THE restriction of access of Foreign Exchange (forex) on the importation of Stock Fish has affected both the export of the commodity from Norway tom Nigeria and Vice Visa. Read more »
February 19, 2023
Nigeria: Naira Scarcity - Commercial Sex Workers Count Losses, Decry Low Patronage
Some commercial sex workers in the Federal Capital Territory (FCT), have decried low patronage in their business due to the scarcity of Naira notes. Read more »
February 17, 2023
Nigeria: Full Speech - Continue Using Your Old Notes, El-Rufai Tells Kaduna People
My dear people of Kaduna State, Read more »
Nigeria: Naira Scarcity - Protests Rock Lagos
... .Motorists, residents in panic Read more »
Nigeria: Naira Redesign - Cash Crunch May Worsen Forex Shortage - Fitch
Fitch Ratings, a global credit ratings agency, has warned that the cash crunch occasioned by the redesigning of the N200, N500 and N1000 banknotes by the Central Bank of Nigeria… Read more »
February 16, 2023
Nigeria: Five Key Highlights From President Buhari's Currency Policy Speech
President Muhammadu Buhari has addressed Nigerians on the issue of currency swap policy of the Central Bank of Nigeria, CBN, which has hindered economic activities in the country… Read more »
February 14, 2023
Nigeria: Govt, CBN to Take Position On Legality of Old Currency
The Federal Government has stated that it will take decision on the legality of the old currency notes of N200, N500 and N1000 after the determination of the suit filed by some… Read more »
February 10, 2023
Nigeria: Currency Swap Policy Affecting Military Operations - -NSA
National Security Adviser, NSA, Maj. Gen. Babagana Mongonu, retd, has appealed to the House of Representatives to evolve practicable solutions to the attendant economic crisis… Read more »
February 09, 2023
Nigeria: Naira Scarcity - IMF Advises CBN to Extend Deadline
The IMF has urged the CBN to extend the deadline for use of the old notes given the disruptions in trading activities occasioned by the scarcity of the new notes. Read more »
Nigeria: Why Supreme Court Halted CBN's Feb 10 Deadline
A Unanimous Decision, a Seven-Member Panel of Justices of the Supreme Court Had Earlier Yesterday, Restrained the Federal Government From Enforcing the February 10 Deadline for the… Read more »
Nigeria: Extend Old Naira Notes Deadline, 36 Governors Beg Buhari
The 36 governors in Nigeria have urged President Buhari to extend the deadline and revisit the CBN cashless policy. Read more »
February 01, 2023
Nigeria: Naira Redesign - Cash Scarcity Hits Nasarawa, Businessmen Groan
Residents of Nasarawa state and it's environs have been hit by scarcity of cash, both old and the new notes. Read more »
January 25, 2023
Nigeria: Family Rejects Old Naira Notes As Bride Price in Niger
The family of a bride-to-be in Gbako Local Government Area of Niger State has rejected the old N1,000 and N500 notes presented as the bride price by her suitor's family. Read more »
January 24, 2023
West Africa: ECOWAS Common Currency - Parliament Blames U.S. Dollar Transactions for Inflation in Region
The Speaker of the Parliament of the Economic Community of West African States (ECOWAS) Dr. Sidie Tunis called for more political commitment towards the adoption of the ECOWAS… Read more »
January 22, 2023
Nigeria: Currency Redesign Policy Fuels Naira Stability At Parallel Market - BDCS
The Association of Bureaux Des Change Operators of Nigeria (ABCON), says that the naira redesign policy of the CBN has fuelled the stability of the naira at the parallel market. Read more »
January 17, 2023
Nigeria: CBN's Deadline - Nigerians Decry Dearth of Mints As Banks Dispense Old Naira Notes
Some residents of Kogi have decried the non-availability of the new Naira notes in the state. Read more »
December 28, 2022
Nigeria: New Currency - Senate Urges CBN to Extend Withdrawal Date to June 31
The Senate has urged the Central Bank of Nigeria (CBN) to urgently extend the withdrawal date of old currency notes from Jan. 31, 2023 to June 31. Read more »
December 22, 2022
Nigeria: Naira Redesign - We Ordered 500 Million Copies From Minting Company - Emefiele
Governor of Central Bank of Nigeria, CBN, Mr Godwin Emefiele has said that a total of 500 million copies of the new currency for the naira redesign were ordered from the minting… Read more »
Nigeria: CBN Raises Cash Withdrawal Limits
The Central Bank of Nigeria, CBN, has raised its weekly cash withdrawal limits set for individuals and corporate organisations to N500,000 and N5 million, respectively. Read more »
December 20, 2022
Nigeria: Central Bank Releases Security Features of New Naira Notes
In a bid to protect Nigerians from falling victim of counterfeiters, the Central Bank of Nigeria, CBN, has released details and position of the security features in the new naira… Read more »
December 19, 2022
Nigeria: Lack of Forex Frustrating Nigerian Students, Says NANS
The National Association of Nigerian Students, NANS, has raised the alarm that Nigerians studying abroad are being frustrated due to the scarcity of Form A to procure foreign… Read more »