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A meeting of the Council of State presided over by President Muhammadu Buhari went underway in Abuja on Friday. Top on the agenda are the 2023 general elections and the on-going cash crisis occasioned by CBN’s naira redesign and cashless policy. In
Asiwaju Bola Tinubu, APC presidential candidate, says the Supreme Court ruling on the implication of Central Bank of Nigeria (CBN) re-designed naira notes and cashless policy has saved Nigeria from political and economic shutdown. Tinubu in a statement issued by Mr Bayo
The Central Bank of Nigeria (CBN) says naira re-design won’t affect the 2023 general election, as it will provide required cash and other supports needed for smooth conduct of the poll. Prof. Godwin Emefiele, the CBN Governor, said this when he received
Gov. Babagana Zulum of Borno has said that the old Notes are no longer acceptable in many rural areas of the state, particularly border communities. Zulum made this known on Friday in Maiduguri while receiving a team of Central Bank of Nigeria
The Centra Bank of Nigeria (CBN) says that banks would work on Saturdays to receive the old Naira notes from customers. Mr Kama Ukpai, Leader of the CBN team to Ebonyi on new Naira notes, disclosed this on Friday during its enlightenment
Central Bank of Nigeria (CBN), on Wednesday, took its sensitisation on the new naira notes to Dutse ultra-modern market in Jigawa. Speaking during the exercise, CBN Branch Controller in Jigawa, Hajiya Sa’adatu Ibrahim, advised traders in the markets to deposit old notes
The Central Bank of Nigeria (CBN) has assured marketers and traders that it has made the redesigned naira notes (1000, 500, 200) available for them via Automated Teller Machines (ATMs). The Branch Controller, CBN, Lagos State, Mr Koyor Baribokola, gave the assurance
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. The upper chamber’s resolution was sequel to a point of order raised by Sen. Mohammed
An Abuja based constitutional lawyer, Mr Sebastine Hon, SAN, says the Federal Government lacks constitutional backing to restrict withdrawals from the bank accounts of states and local governments as proposed by the Nigeria Financial Intelligence Unit )(NFIU). Hon, in a statement on
The Central Bank of Nigeria (CBN) has announced an upward review of cash withdrawal limits to N500, 000 and N5 million for individuals and corporate accounts respectively. The apex bank also reviewed downward, the stipulated percentage cost for withdrawals above the stipulated