Naira Notes Deadline: Commercial Banks Extend Workdays to Weekends Commercial banks in Nigeria have extended their workdays to weekends for customers to deposit their old naira notes. The action is in response to the deadline set for the collection of old naira notes by the Central...

As Deadline Approaches, PoS Operators Surcharge for Redesigned Notes The Central Bank of Nigeria (CBN) has fixed January 31 as the deadline for the use of the old naira notes. However, there have been appeals from various quotas to the CBN to extend the deadline...

Extend Deadline of Old Notes Till February, Islamic Group Tells FG An Islamic group, Muslim Rights Concern, MURIC, has appealed to the Federal Government to extend the deadline by at least two weeks. Barrister Muhammad Mansur Aliyu, the Chairman of MURIC, Sokoto State chapter, made the...

CBN Launches Domestic Card to Boost E-Payment System The Central Bank of Nigeria has launched the Nigerian National Domestic Card Scheme to boost the country's electronic payment system. The CBN Governor, Godwin Emefiele, said the card would help to reduce operating cost, charges and preserve foreign...

FG Earmarks N21bn To Modernise Railway Operations   The Federal Government has earmarked the sum of N21.09bn for railway modernisation, rehabilitation and maintenance of ongoing railway projects nationwide. An analysis of the 2023 Appropriation Act by our correspondent showed that the railway modernisation project under the line...

Just In: CBN Increases Interest Rate to 17.5% The Central Bank of Nigeria Monetary Policy Committee has voted to increase the benchmark interest rate by 100 basis points to 17.5 per cent. This was disclosed by the CBN Governor, Godwin Emefiele, on Tuesday while reading the communiqué...