CBN extends deadline for old Naira notes
The Central Bank of Nigeria, CBN, on Sunday extended the deadline for the exchange of old naira notes.Godwin Emefiele, the CBN governor, extended the date by 10 days. In a press statement issued on Sunday, Emefiele said the new deadline is now February 10, 2023.
Naira redesigned to punish those with illicit funds —Buhari
The redesigned Naira notes, according to President Muhammadu Buhari, are intended for people in possession of criminal funds rather than regular Nigerians. According to a statement from his Senior Special Assistant on Media and Publicity, Garba Shehu, the president was responding to difficulties Nigerians were encountering in their attempts to meet the deadline of January […]
NEF laments redesigned Naira
The Northern Elders Forum, NEF, has said the naira redesign by the Central Bank of Nigeria, CBN, is strangulating Nigeria’s economy. NEF urged the CBN to revisit and postpone the deadline for the swap of the redesigned naira dominations. A statement by the forum’s Director of Publicity and Advocacy, Hakeem Baba-Ahmed said the currency swap […]
Atiku calls for extension of new Naira swap
Atiku Abubakar, the Peoples Democratic Party’s presidential candidate, has asked for a little extension to the Central Bank of Nigeria’s deadline of January 31 for the exchange of old for new naira notes at the nation’s commercial banks. Atiku claimed that the suffering brought on by this action was not a goal of the initiative. […]
Awka Residents Besiege Banking Halls As Old Naira Notes Nears Deadline
Following the Tuesday January 31 deadline set by the Central Bank of Nigeria, CBN, for the cessation of circulation of the old naira notes of N200, N500 and N1000, residents of Awka and environs have besieged bank offices in Awka. ABS newscrew visited banks located at Zik Avenue and Enugu/Onitsha expressway as well as Eke […]
FG extends deadlines for DML
The federal government has extended the deadline for the registration of Digital Money lenders, DMLs. This is contained in a statement on Friday by the Federal Competition and Consumer Protection Commission, FCCPC, Executive Vice Chairman/Chief Executive Officer, Babatunde Irukera.The commission stated that the announcement comes after several DMLs failed to complete their documentation. It added […]
New Naira Notes: Reps threaten Emefiele with arrest warrant
As a result of their collective refusal to accept an invitation from the green chamber due to a shortage of three newly designed naira notes, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, and some bank directors have been threatened with arrest warrants by the Speaker of the House of Representatives, Femi […]
CBN gov, Emefiele shuns National Assembly, banks hoard new notes
The House of Representatives may be on a collision course with the Central Bank of Nigeria over the redesign of naira notes and the January 31 deadline set for the exchange of the old notes with the new ones. An ad hoc committee set up by the House to investigate the scarcity of the new […]
Old Naira Notes: Senate, Reps demand for extension amid CBN’s insistence on January 31st deadline
The Senate and the House of Representatives has requested the Central Bank of Nigeria (CBN) to extend the deadline for the stoppage of the use of old naira notes from January 31 till July 31, 2023. The request by the National Assembly members is coming as the CBN said that its January 31, 2023 deadline […]
N65 million lost as NPA shuts Lagos port over President Buhari’s visit
An estimated N65 million was lost as cargoes got trapped at the Lagos port following the total closure of the facility and restriction of access to port users by Nigerian Ports Authority’s (NPA) President Muhammadu Buhari’s visit.The NPA began a strict access control into the PTML area of the Tin Can Island Port, since last […]