Naira scarcity: Again CBN issues fresh directives

March 24, 2023 Admin III 0

The Central Bank Nigeria (CBN) has directed all commercial banks to open for operation on Saturdays and Sundays to ease scarcity of naira notes. This was disclosed in a statement shared on CBN social media handle. The statement reads, “CBN also directs all Banks to load their Automated Teller Machines (ATMs) as well as conduct physical operations in the banking Read More

At last, Emefiele opens up on ‘sponsoring Labour Party governorship candidate Gbadebo Rhodes-Vivour’

March 13, 2023 Admin III 0

The Central Bank of Nigeria (CBN) has debunked an alleged report that the governor of the apex bank had launched a fresh plot against the president-elect, Bola Ahmed Tinubu. A media platform had reported that a huge amount was mobilised through high-level CBN agents in Lagos state for the state governorship candidate of the Labour Party (LP), Gbadebo Rhodes-Vivour, for Read More

Nigerians groan as hawkers hijack, sell new naira notes

January 28, 2023 Admin III 0

The redesigned Naira notes have been seen illegally sold by hawkers at Dadi Motor Park, Sabon Gari-Zaria, Kaduna state, at exorbitant prices. This is a result of the scarcity of new Naira notes across the country. According to the News Agency of Nigeria (NAN), a bundle of N200 notes was going for N30,000; N500 notes are being sold at N70,000 Read More

PoS operators hike charges as CBN’s cash withdrawal limit bites

January 11, 2023 Segun Odunewu, Lagos 0

Point of Sale (PoS) operators have hiked their charges on transactions after banks began the implementation of the three percent charges on withdrawals of over N500,000 for individuals as stipulated in the new cash withdrawal limit policy which began operations on Monday January 9, 2023. The policy limits weekly cash withdrawal to N500,000 and N5 million for individuals and corporate Read More

New naira notes: Our directive to banks – CBN

January 10, 2023 Admin III 0

For putting old notes in Automated Teller Machines (ATMs), the Central Bank of Nigeria (CBN), has issued warning to commercial banks. Its Director, Currency Operations, Mr Ahmed Umar, speaking on Monday, said the CBN’s directive was to implement the January 31 deadline withdrawal of old naira notes (N200, N500 and N1000) in circulation. “We, CBN management, have mandated banks to stop putting Read More

Revealed! How to dictate fake new naira notes [PICTURES]

December 22, 2022 Admin III 0

Following the viral video of the fake Naira notes reportedly circulating in the country, the Central Bank of Nigeria (CBN) has said that the banknotes are protected by some security features to enable the easy recognition of original notes. A pictorial identification shared on CBN’s Twitter account revealed how to dictate fake notes.

VIDEO: Watch how fake notes defer from new naira banknotes

December 19, 2022 Admin III 0

Few days after the Central Bank of Nigeria (CBN) distributed the redesigned naira notes, fake copies of the new N1000 naira notes are in circulation. An undisclosed Point of Sale (PoS) operator revealed this in a clip shared on social media Monday. He noted that a customer performed the transaction through his wife’s PoS.

CBN deserves kudos, Naira wasn’t designed for beauty – Reno Omokri

November 24, 2022 Admin III 0

Former presidential aide, Reno Omokri has hailed the Central Bank of Nigeria (CBN) following the unveiling of new Naira notes. This is as Nigerians mocked the new naira saying it’s not worth it. Reacting, Omokri said the naira was not redesigned for beauty, rather the CBN did it for economic and security reasons. He also said that the Dollar is powerful because of Read More

Pictures: New Naira banknotes surface

November 23, 2022 Admin III 0

The Central Bank of Nigeria (CBN) has released it’s redesigned new naira notes. Blueprint had reported that the new notes will be unveiled on Wednesday. The new notes include N200, N500 and N1000.

Breaking: Buhari unveils redesigned Naira banknotes [PICTURES]

November 23, 2022 Abdullahi M. Gulloma 0

President Muhammadu Buhari Wedne sday unveiled the redesigned new 1000, 500 and 200 Naira banknotes. The President unveiled the new banknotes at the Council Chambers of the Presidential Villa in Abuja shortly before the commencement of the weekly Federal Executive Council (FEC) meeting. Present at the ceremony were Secretary to the Government of the Federation, Boss Mustapha; Chief of Staff Read More