Reactions have continued to trail directives by President Mohammadu Buhari and Central Bank of Nigeria CBN, to commercial banks to dispense and accept the deposit of old Naira notes amid the raging currency crisis. While some commended the President for finally breaking the prolonged brawl, others described it as belated, saying the delay on the
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Give, accept old naira notes or risk closure – Soludo warns banks
…as CBN orders Commercial banks to dispense old currency notes and to also receive same as deposits from customers Governor Chukwuma Soludo of Anambra State has ordered Commercial banks in the state to dispense old Naira notes and to also receive same as deposits from customers. He warned that any defaulting bank would be immediately
Read moreNigerians ask CBN to remove Arabic inscription from Naira notes
…lamenting that Arabic is not Nigeria’s second official language Nigerians have asked the Central Bank of Nigeria, CBN, to remove the Arabic inscription from the redesigned naira notes. The apex bank had announced that it would unveil the redesigned naira notes on December 15, 2022. The CBN Governor, Godwin Emefiele, said the new currencies to be
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