Some Nigerians have expressed relief as the Central Bank of Nigeria (CBN) announced a 10-day extension to the Jan. 31 deadline to change their old Naira notes. The News Agency of Nigeria (NAN) reports that the extension was announced on Sunday by the CBN Governor Mr Godwin Emefiele in...
new Naira notes
By PATRICK ABANG, Calabar – The Coalition of Civil Society Groups, (CCSG) on Sunday said that the new redesigned naira notes were symbols of a new Nigeria. The assertion was made in the popular Watt Market Calabar, by Mrs Lilian Cosmas, Head CCSG, South-South Zone. Mrs. Cosmas, who called...
President Muhammadu Buhari on Sunday in Daura, Katsina State, approved a 10-day extension of the deadline for the swapping of currency to new notes. The News Agency of Nigeria (NAN) reports that the Governor of the Central Bank of Nigeria (CBN), who confirmed this to newsmen in Daura, Katsina...
By EZEKIEL OBI, Abuja – The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has called on the Central Bank of Nigeria (CBN) for a “slight extension” of the January 31 deadline old naira notes. Alhaji Atiku made the call in a video posted on Twitter on...
President Muhammadu Buhari says government will ensure that citizens are unharmed in their businesses and no disruption is caused to the entire supply chain arising from the currency swap due to end shortly. The President gave the assurance in a statement by his Spokesman, Malam Garba Shehu on Saturday...
The Bishop of Catholic Diocese of Oyo, Most Rev. Emmanuel Badejo, has called on the Federal Government not to allow Naira notes redesign to cause more hardship for the masses. Badejo made the call in a statement on Saturday in Ibadan. He said that governance and policies must have...
By EZEKIEL OBI, Abuja – The Muslim Rights Concern ( MURIC) has urged the Central Bank of Nigeria (CBN) to extend the Jan. 31 deadline for expiration of old naira notes by at least two weeks. MURIC said this in a statement by Malam Muhammad Aliyu of its Sokoto...
The scarcity of the redesigned naira notes and the fact that traders and business owners are rejecting the old notes, have forced many residents to adopt cashless transactions in Awka, Anambra. The News Agency of Nigeria (NAN) reports that the Central Bank of Nigeria (CBN) has fixed Jan. 31...
Residents of Calabar in Cross River state have resorted to keeping vigil at Automated Teller Machine (ATM) centers in search of the new naira notes. The News Agency of Nigeria (NAN) who monitored the situation around the metropolis, reports that the ATM points across the city have been taken...
Long queues of bank customers have thronged Automated Teller Machines (ATMs) of banks at the Federal Capital Territory (FCT) to collect the new naira notes. The News Agency of Nigeria (NAN) correspondent, who monitored banks in Abuja on Friday, reports that many customers were seen on queues collecting the...
By SADIQ ABUBAKAR, Maiduguri – Borno State Governor, Babagana Zulum on Thursday visited Rann, headquarters of Kala-Balge Local Government in the Borno Central Senatorial District by helicopter, where he supervised the disbursement of redesigned new naira notes to over 12,000 returnee IDPs. According to the Governor, the intervention was...
Some Point of Sale (PoS) operators in satellite towns of the Federal Capital Territory (FCT) are making brisk business with the new naira notes. The News Agency of Nigeria (NAN) reports that the Central Bank of Nigeria (CBN0 has fixed Jan. 31 as the deadline for the use of...
The Central Bank of Nigeria (CBN) has begun a cash swap policy in Bayelsa, through agents, to distribute the newly-redesigned naira notes to rural communities. The News Agency of Nigeria (NAN) reports that the CBN recently made arrangements with super agents, as well as mobile money operators to swap...
Prof. Joshua Alobo has approached the Federal High Court, Abuja, praying the court to stop the Central Bank of Nigeria (CBN) from insisting on the Jan. 31 deadline for using the old naira notes. Alobo, in the suit marked: FHC/ABJ/CS/114/2023, also prayed the court to make an order extending...
By SADIQ ABUBAKAR, Maiduguri – Borno State Governor, Babagana Zulum, has directed the State Ministry of Finance and The Ministry of Higher Education, Science, Technology and Innovation to liaise with the state owned Microfinance bank, Renaissance Microfinance Bank Limited, as a matter of urgency to ensure free collection of...
The Central Bank of Nigeria (CBN) has denied scarcity of the new naira notes as alleged by some Nigerians. The CBN Governor, Godwin Emefiele, represented by Musa Jimoh, Director, Payment System Management Department of the bank, denied the allegation in a news conference on in Jos. ”The CBN has...
Bank customers in Benin, have decried scarcity of the new Naira notes at Automated Teller Machines (ATMs) as well as Point of Sales (POS). The News Agency of Nigeria (NAN) recalls that the Central Bank of Nigeria CBN), had announced Jan. 31, 2023 as deadline for the use as...
Gov. Samuel Ortom of Benue, has called on the Central Bank of Nigeria (CBN) to extend the deadline of the use of the old naira notes, especially for those in the rural areas. Ortom made his feelings known when the Governing Council and Management of the Joseph Sarwuan Tarka...
Nigerian traders in Adamawa State have stopped business transactions with the old Naira notes of N1,000, N500 and N200 ahead of the official deadline of Jan. 31. Some of the traders confirmed this to the News Agency of Nigeria (NAN) on Wednesday in Yola. They expressed difficulties in getting...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has said that no Nigerian is licensed to build bank vaults at home. The CBN governor, who spoke after the apex bank’s Monetary Policy Committee (MPC) meeting in Abuja on Tuesday, also said there is no going back...