CBN Debunks Scarcity of New Naira Notes being Linked to Printing Materials Shortage
The Central Bank of Nigeria (CBN), has denied claims that the scarcity of the newly redesigned Naira notes was caused by shortage of printing materials. Over the last couple of days, some news outlets had been reporting about the shortage of currency printing materials at the Nigeria Security Printing and Minting Company, while erroneously quoting […]
Supreme Court halts old naira notes deadline implementation pending suit hearing
The SUPREME COURT has restrained the Federal Government and the Central Bank of Nigeria (CBN), from effecting the February 10, deadline to phase out the old N1000, N500 and N200 notes. The apex court temporarily barred the CBN and the Federal Government from making an order to stop or suspend the Swap of the old […]
President Muhammadu Buhari extends deadline of the ongoing currency swap by ten days
President Muhammadu Buhari yesterday approved extension of the ongoing currency swap by ten days, moving the deadline from January 31, 2023 to February 10, 2023. President Buhari gave the approval at a meeting with the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, urging more time, discretion and order to enable Nigerians successfully […]
NLC urges the Central Bank of Nigeria to extend it’s deadline to replace old notes in circulation
The Nigeria Labour Congress (NLC) has urged the Central Bank of Nigeria (CBN) to extend its January 31 deadline to phase out old notes in circulation in the country. Its President, Ayuba Wabba, said this when speaking with newsmen yesterday on his achievements and challenges as congress president for the past eight years. Wabba said […]
Hon. Femi Gbajabiamila threatens a warrant of arrest on the CBN Governor
The Speaker of the House of Representatives Hon. Femi Gbajabiamila at plenary yesterday threatened a warrant of arrest on the Central Bank Governor, Mr Godwin Emefiele over his refusal to honour invitation to brief members on the current cash swap policy. The speaker who described the actions of the CBN governor and his Bank Directors […]
CBN launches Nigerian National Domestic Card Scheme “AfriGo”
The Central Bank of Nigeria (CBN) has launched the Nigerian National Domestic Card Scheme, AfriGo, to boost the electronic payment system in the country. CBN Governor, Godwin Emefiele, who launched the card at a virtual ceremony on Thursday, said the initiative is aimed at creating a robust payment system that would drive financial inclusion in […]
