CBN to Sanction Banks Dispensing Old Notes  The Central Bank of Nigeria has announced plans to take tough action against banks that continue to fill their ATM machines with old naira notes as the deadline to  phase out  the notes approaches. The Director of the Legal...

Old Notes: Senate Seeks Extension of Deadline to June The Senate committee has called on the Central Bank of Nigeria to extend the withdrawal date of old currency notes to June 30, 2023. The CBN had on October 26, announced plans to redesign the N200, N500,...

"Weakening Naira, Rising Food Prices Affecting Nigerians"   A combination of high food prices and a strong dollar is negatively affecting people in Nigeria and other developing countries, a report by the United Nations Conference on Trade and Development has revealed. According to the report, this combination...

New Naira: Legislators Grill Mrs Aisha Ahmad Of CBN In The Absence Of Emefiele Who Is Abroad For Treatment   The Deputy Governor of the Central Bank of Nigeria, Aisha Ahmad, on Thursday, briefed the House of Representatives on the bank’s latest policies. Mrs Ahmad represented the...

World Bank to CBN: Naira Redesign will Negatively Impact Economy, Poor Households The World Bank has warned that the short transition period to the redesigned naira notes will negatively impact economic activities, especially among the poorest households in the country. The bank in its latest Nigeria...

New Naira Enters Circulation Today as Banks Reconfigure ATMs The newly redesigned naira notes will go into circulation Today (Thursday). This is according to the Governor, Central Bank of Nigeria, Godwin Emefiele, who had in October stated that by December 15, 2022 the new currency...