UPDATE: Supreme Court Scolds Buhari, Emefiele for Disobeying Order on Old Naira Notes  The Supreme Court of Nigeria has described as dictatorial and undemocratic the decision of President Muhammadu Buhari to disobey its earlier order on the continuous use of old N200, N500 and N1000...

'Private Sector Gets N42trn Bank Loans'   Banks credit to the private sector rose from N35.18tn recorded at the end of January 2022 to N42.25tn in the corresponding period of 2023, figures obtained from the Central Bank of Nigeria have shown. The CBN’s money and credit statistics...

Naira Redesign: Currency in Circulation Drops to N1.38tn – CBN The Central Bank of Nigeria analysis showed that the total amount of currency-in-circulation in the country dropped from N3.29tn as of the end of October 2022 to N1.38tn as of the end of January 2023. Figures...

CBN: External Reserves Fall by $427m in One Month - Report The Central Bank of Nigeria recent data has indicated the country’s external reserves fell by $427.14m in one month. Figures obtained from the CBN on the movement of foreign reserves on Monday showed that the...

CBN To Push Out More N200 Notes   The Central Bank of Nigeria (CBN) has marshalled out a plan to flood the system with N200 notes. Aside from meeting with bank chief executives to release the old and new N200 notes in their vaults, the CBN will,...

How To Report PoS Agents Selling New Naira Notes – CBN   The Central Bank of Nigeria (CBN) has released emergency telephone numbers to the public to officially report erring Point of Sales (PoS) agents selling new naira notes and those selling charging exorbitantly for withdrawal. The...