…saying banks were no longer accepting the old naira notes as legal tender There was confusion at the high courts in Lagos State on Monday as lawyers and litigants were unable to file their court processes using the old naira notes for payment. Officials at the high court registries rejected the old notes, saying banks
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…sources claim that what the CBN is doing is to pay only 10 per cent of the worth of old notes deposited with it by banks The Central Bank of Nigeria(CBN) may bow to mounting pressure and contract the printing of the redesigned N1,000, N500 and N200 notes to foreign contractors in the coming days
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A monitoring team of the Central Bank of Nigeria has accused the branch of a bank in Ado Ekiti, the capital of Ekiti State of hoarding new naira notes it had collected for almost two weeks, claiming that their automated teller machines were not yet configured. In a trending video on Sunday, a deputy director
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By: Ifeoma Ejiofor The Young Progressives Party (YPP) candidate for Ihiala federal constituency, Barr Johnmary Akachukwu Maduakolam, has appealed to the Central Bank of Nigeria (CBN) to mobilize her staffers to his area for an effective swap of old currency for the new one. Barr Maduakolam, an Anambra state-based legal luminary, appealed during an interactive
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…says the agency is already monitoring banks that were still dispensing old naira notes from their ATMs The Central Bank of Nigeria, CBN has warned that it would sanction banks that continue to dispense the old Naira notes at their Automated Teller Machine, ATM points. The Director of the Legal Services Department of CBN, Mr.
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