Naira Redesign: Emefiele Should Resign - Basorun Second Republic Secretary to Lagos State Government (SSG) Olorunfunmi Basorun yesterday asked Central Bank of Nigeria (CBN) Governor Godwin Emefiele to resign for taking Nigeria for a ride. He said the CBN policy of currency swap had crippled commercial...

Governors to Meet Buhari on Currency Scarcity, New Notes' Deadline  Governors of the 36 states of the federation are scheduled to meet President Muhammadu Buhari on Friday to discuss the way out of the present scarcity of cash in the system. Nigerians are groaning under the...

CBN Directs Banks to Start Over-the-Counter Payments of New Note The Central Bank of Nigeria (CBN) has directed commercial banks to commence the payment of redesigned naira notes to customers over the counter, with a maximum payout limit of N20,000 per day. Director Corporate Communication, CBN, Osita...

Update: Emefiele Assures Banks Will Accept Old Naira Notes After Deadline The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has disclosed that banks will continue to accept old naira notes after the deadline. Emefiele revealed this on Tuesday while speaking at an interactive...

Emefiele Finally Appears Before House of Reps Today The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has appeared before the House of Representatives today. Emefiele fibally appeared before the ad hoc committee of the House on Tuesday to discuss the cashless policy and...

New Naira: CBN Approves N30m Daily to Bauchi Banks The Central Bank of Nigeria says it allocates N30 million new naira notes daily to each branch of banks in Bauchi state to increase access of customers to the new notes. An official of the apex bank,...