Business owners, traders and transporters in the Federal Capital Territory, Abuja, are defying the Central Bank of Nigeria’s directive on accepting old N500 and N1000 notes as legal tenders 17 hours after the bank’s announcement.
DAILY POST reported that the country’s apex bank on Monday bowed...
The banks had no improvement in the cash allocation they have been getting from the Central Bank of Nigeria (CBN) despite last Friday’s Supreme Court verdict on the recirculation of all old naira notes.
The Nation gathered that the situation was not helped by the Federal Government’s inability...
Naijablog
Thread
banks court government judgment naira scarcity notes
The Central Bank of Nigeria (CBN) has announced a 10-day extension of the deadline for the use of old naira notes across Nigeria.
The CBN governor, who spoke to journalists Sunday morning, said he had the approval of President Muhammadu Buhari for the extension.
The new deadline is now 10...
Naijafans
Thread
deadline notes old naira notes old naira notes extension
The Central Bank of Nigeria (CBN) last Wednesday announced that it would redesign the country’s N200, N500 and N1,000.
The CBN Governor, Godwin Emefiele, said the change would be done to reduce the amount of money in circulation and control inflation.
The apex bank also said that the...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register. By continuing to use this site, you are consenting to our use of cookies.