New Currency: Emefiele Defies NASS, Says no Shift in January 31 Deadline The Central Bank of Nigeria (CBN) governor, Mr. Godwin Emefiele, has said there will be no shift in the January 31 2023 deadline for the expiration of old N200, N500 and N1000 notes. Emefiele...

New Naira Notes Scarcity: Concerns Trail CBN’s Deadline   Nigerians, particularly entrepreneurs, are worried about the failure of banks to roll out new naira notes, few days to the expiration of the deadline set by the Central Bank of Nigeria (CBN). Economic Confidential investigation revealed that less...

New Naira Notes In Huge Circulation - CBN   The Central Bank of Nigeria has said there is a huge circulation of the new naira notes in the economy. The CBN Lagos Branch Controller, Godfrey Koyor, said this during a stakeholder sensitisation event on the currency redesign...

CBN Cash Withdrawal Limit Begins Today   The Central Bank of Nigeria’s policy on restriction on daily cash withdrawal takes off across the country today, Monday, January 9. Economic Confidential reports that in this arrangement, the maximum weekly limit for cash withdrawals across all channels by individuals...

Naira Redesign: 13 Days After Rollout, ATMs Still Dispensing Old Notes   Thirteen days after the release of the newly redesigned N200, N500 and N1,000 notes and with 34 days before the old notes will no longer be legal tender in the country, Automated Teller Machines...

With Mixed Feelings, Nigerians Receive New Naira Notes The rate at which inflation has been accelerating in the country has been a major source of concern for the Central Bank of Nigeria. It has adopted different measures to tame the surging inflation which hit a...