The Peoples Democratic Party presidential candidate, Atiku Abubakar, on Wednesday, asked the Central Bank of Nigeria not to grant a further extension after February 10 deadline for naira swap.
This, he said, had become imperative to…
The Central Bank of Nigeria has extended deadline for the swapping of old naira notes till February 10, 2023.
The CBN stated this in a release on Sunday.
The apex bank said it added a 10-day extension of the deadline from January 31,…
The President, Major General Muhammadu Buhari (retd.), on Saturday, reiterated his earlier position that there was no going back on the naira redesign project and ruled out the extension of the January 31 deadline for the old N1,000, N500…
The Association of Bureaux De Change Operators of Nigeria (ABCON) says the CBN’s naira redesign policy has fuelled the currency’s stability at the parallel market.
ABCON president Aminu Gwadabe stated this on Sunday in Lagos.
Mr…
The Central Bank of Nigeria (CBN) has vowed to sanction commercial banks dispensing old naira notes ahead of the January 31 deadline.
Dr Abdullahi Abubakar Kure, a director at the CBN and serving Managing Director of NIRSAL Microfinance…
The naira on Friday exchanged at 456.50 to the dollar at the Investors and Exporters Window.
The figure represented a decrease of 0.05 per cent, compared with N456.25 it exchanged on Thursday.
The open indicative rate closed at…
Economists have urged the Central Bank of Nigeria (CBN) to take firm control of the quantity of the redesigned naira notes it would release into circulation to avoid hoarding and counterfeiting.
The experts gave the advice in…
The newly redesigned naira notes will go into circulation on Thursday (today) with Deposit Money Banks releasing the bills to their customers via over-the-counter payments.
This came about three weeks after the President, Major General…
The Economic and Financial Crimes Commission, Makurdi office, and Benue State Police Command have debunked the report trending on social media of alleged discovery of old naira notes in the capital city.
The video shows sacks of…