
BREAKING: Supreme Court Adjourns Suit on Old Naira Notes The Supreme Court of Nigeria has adjourned the hearing of the suit filed by governors challenging the naira redesign policy of the Central Bank of Nigeria (CBN) to Wednesday, February 22. The CBN had initially set January 31 as the deadline for old notes to be
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Despite Supreme Court Order, Nigerians Reject Old Naira Notes Despite a temporary suspension of the ban on old Naira notes ordered by the Supreme Court, many business operators in the Federal Capital Territory (FCT) have started rejecting them. The Central Bank of Nigeria (CBN) had initially announced a deadline of January 31st for the use
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Naira Redesign: Emefiele Fighting Back for Losing Presidential Bid – Ganduje Governor Abdullahi Umar Ganduje of Kano State has alleged that the implementation of Naira swap policy was deliberately done by the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele as a fighting back strategy for failing to get presidential ticket under the
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Oshiomhole Fumes, Says Naira Redesign is Senseless Adams Oshiomhole, a chieftain of the All Progressives Congress (APC), has claimed that President Muhammadu Buhari was deceived into approving the naira redesign policy of the Central Bank of Nigeria (CBN). While speaking on a political programme on the Channels Television on Sunday night, Oshiomhole, a senatorial candidate
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New Cash Withdrawal Limit Policy Will Tackle Electronic Fraud — CBN The Central Bank of Nigeria, CBN says its current cash withdrawal limit policy would help in tackling electronic fraud. CBN Director of the Payments System Management Department, Musa Jimoh, made this known on Saturday in Lagos. He also disclosed that as electronic payments
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Naira Depreciation Adds N9tn to Foreign Debt Burden The value of naira to dollar fell from N196.92 in June 2015 to N414.72 in June 2022, worsening Nigeria’s foreign debt burden. Within the seven years under review, the naira depreciated by 52.52 per cent against the US dollar. The Monthly Average Exchange Rates of the Naira
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