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Naira Scarcity: Monarch Urges FG, CBN To Respect Supreme Court

Naira Scarcity: Monarch Urges FG, CBN To Respect Supreme Court

Spread the love          The Oluwo of Iwo, Oba Abdulrosheed Adewale Akanbi, has appealed to President Muhammad Buhari to influence the Central Bank of Nigeria (CBN) to respect the Supreme Court judgement on the recirculation of new…

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New Naira:  I Can’t Advice On Monetary Policy – Malami

New Naira: I Can’t Advice On Monetary Policy – Malami

Spread the love          Abubakar Malami (SAN), the Attorney General of the Federation and Justice Minister, who is the federal government’s chief legal counsel, said that his brief did not include monetary policy advice. The Central Bank of…

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Old Naira Notes: Instruct CBN To Obey Supreme Court—SERAP To Buhari

Old Naira Notes: Instruct CBN To Obey Supreme Court—SERAP To Buhari

Spread the love          The President, Major General Muhammadu Buhari, has been urged by the Socio-Economic Rights and Accountability Project (SERAP) to order the Central Bank of Nigeria (CBN) to heed the Supreme Court’s ruling extending the…

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Naira Redesign: Old Naira Notes To Continue To Be Legal Tender – Supreme Court

Naira Redesign: Old Naira Notes To Continue To Be Legal Tender – Supreme Court

Spread the love          The old N200, N500, and N1,000 notes must continue to be in use until December 31, 2023, the Supreme Court ruled on Friday. The Federal Government’s policy to redesign the naira was also…

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Cash Scarcity: CBN Launches eNaira For Unbanked Community

Cash Scarcity: CBN Launches eNaira For Unbanked Community

Spread the love          The Central Bank of Nigeria (CBN) in partnership with ChamsMobile Ltd. and Super Agents have developed eNaira-enhanced services to address challenges faced by the unbanked and the underserved. The new innovation was disclosed…

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We Are Not Recirculating Old N500, N1,000 Notes — CBN

We Are Not Recirculating Old N500, N1,000 Notes — CBN

Spread the love          The CBN on Tuesday debunked claims that it is expected to recirculate the old N500 and N1,000 banknotes. In a statement signed by the spokesperson of the bank, Osita Nwanosobi, the CBN described…

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New Naira: CBN To Prosecute Anyone Spreading Fake News

New Naira: CBN To Prosecute Anyone Spreading Fake News

Spread the love          The Central Bank of Nigeria (CBN) says it is working with intelligence and security agencies to arrest and prosecute purveyors of fake news that the bank is reissuing and recirculating old N500 and…

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Naira Appreciates At Parallel Market

Naira Appreciates At Parallel Market

Spread the love          The Naira appreciated against the United States Dollar at the parallel market, the Peer-2-Peer (P2P) and the Investors and Exporters (I&E) windows of the foreign exchange (FX) market. In the I&E window where…

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CAC Gives Update on the Abandoned Applications on the Companies Registration Portal (CRP)

CAC Gives Update on the Abandoned Applications on the Companies Registration Portal (CRP)

Spread the love          The management of the Corporate Affairs Commission (CAC) has given update on the abandoned business registrations on the Companies Registration Portal (CRP). It reads thus; It has been observed that a sizeable number…

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CBN Responsible For Naira Crisis — Former Finance Minister

CBN Responsible For Naira Crisis — Former Finance Minister

Spread the love          Dr Idika Kalu, a former Minister of Finance, has blamed the Central Bank of Nigeria for the crisis that has characterized the distribution of new N1,000, N500 and N200. Kalu made the assertion…

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