JUST IN: CBN Denies Ordering Banks to Collect Old N1000, N500 Notes By Ozumi Abdul The Central Bank of Nigeria (CBN) has denied reports making the rounds that it has authorized deposit money banks to collect the old N500 and N1,000 banknotes. In a statement by Osita...

Cash Crunch: CBN Gives Fresh Order to Banks Over Old N500, N1,000 Notes The Central Bank of Nigeria (CBN) has directed commercial banks to start collecting the old N500 and N1,000 notes from the public with immediate effect. It was also learned that the CBN however...

Buhari Full Speech on CBN's Naira Redesign Policy  NATIONAL BROADCAST BY HIS EXCELLENCY MUHAMMADU BUHARI, PRESIDENT, FEDERAL REPUBLIC OF NIGERIA ON THE CHALLENGES OF THE CURRENCY SWAP AND STATE OF THE NATION, ON 16th FEBRUARY, 2023 My Dear Compatriots, ​I have found it necessary to address you...

Naira Crisis: Life Expectancy May Decline Further, Says PSN The Pharmaceutical Society of Nigeria has warned that the challenges caused by the naira redesign may further reduce Nigerians life expectancy of 53 years. This was disclosed in a statement by the president of the body, Professor...

Naira Redesign: CBN Issues Guideline on Return of Old Naira Notes  By Lawan Bukar Maigana The Central Bank of Nigeria, CBN, has issued guidelines on how Nigerians who are still stuck with the old N200, N500 and N1000 notes can return them to the nearest branch...

Just In: New naira: CBN Says February 10 Deadline Stands The Governor of the Central Bank of Nigeria, Godwin Emefiele, has reaffirmed his stance saying the February 10, 2023 deadline wont be postponed. He disclosed this during a visit on Tuesday to the Ministry of Foreign...