New Notes Dry up as Old Cash Circulation Improves Currency circulation has improved in major cities across Nigeria following the third day full implementation of the Supreme Court ruling on the legal tender status of old Naira banknote. Findings reveal that banks have started simultaneous dispensing...

JUST IN: Kogi, Kaduna Zamfara Govts Sue FG over New Naira Notes Concerned with the effects the Central Bank of Nigeria (CBN)’s naira redesign policy is having on the residents of their respective states, the governments of Kaduna, Kogi and Zamfara have dragged the Federal...

Naira Notes Deadline: Commercial Banks Extend Workdays to Weekends Commercial banks in Nigeria have extended their workdays to weekends for customers to deposit their old naira notes. The action is in response to the deadline set for the collection of old naira notes by the Central...

As Deadline Approaches, PoS Operators Surcharge for Redesigned Notes The Central Bank of Nigeria (CBN) has fixed January 31 as the deadline for the use of the old naira notes. However, there have been appeals from various quotas to the CBN to extend the deadline...

Ahead of December 15 Policy, Banks Receive Redesigned Notes The Central Bank of Nigeria (CBN) has commenced the distribution of the newly redesigned naira to the banks in readiness for issuance to customers as the new policy kicks off December 15, 2022. Godwin Emefiele, CBN’s governor...