The Governor of the Central Bank of Nigeria (CBN) has warned that Point of Sale (PoS) operators who charge above N200 for the cash swap programme will be arrested and jailed if caught. The Director, Governor’s Department, CBN, Joseph Omayuku, stated this while briefing journalists in Yenagoa, Bayelsa State. Omayuku …
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Today marks the end of the Central Bank of Nigeria’s deadline to phase out the circulation of old Naira notes; however, the silence by the country’s apex bank over the Supreme Court’s judgement restraining it from implementing the deadline has left Nigerians confused. On Wednesday, the country’s apex court, in …
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Nigerians, especially bank customers, were gripped with confusion and uncertainty over whether today’s deadline by the Central Bank of Nigeria for the phasing out of the old naira notes still remains or it has been suspended following the Supreme Court injunction obtained by some northern governors. The Supreme Court had …
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The Central Bank of Nigeria, CBN, on Thursday promised to supply commercial banks with plenty of funds to address the new Naira note scarcity in Kogi State. Kogi CBN Branch Controller, Ahmed Sule, made the vow while speaking with NAN in his office in Lokoja. Recall that protesters had on …
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Dele Farotimi, a Public Affairs Analyst and a retired Lawyer has reacted to the Supreme Court ruling against the Central Bank of Nigeria, CBN, on the use of old naira notes. The apex court judgement annulled the CBN deadline of February 10 as the last date the old notes would be acceptable. …
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The Central Bank of Nigeria (CBN) Tuesday said it would withdraw the licenses of Point of Sale (PoS) agents found culpable of inflating the charges on customers who withdraw money from their POS in the state. Daily Trust reports that POS operators in the state are collecting between N1000, N1500 and N2000 …
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A Federal Capital Territory, FCT, High Court has restrained the Central Bank of Nigeria, CBN, from extending the deadline for the use of the old naira notes. The court also ordered the CBN to fully implement the redesigned naira. Eleojo Enenche, presiding judge, gave the order while delivering ruling in …
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There is a heavy security presence at the Central Bank of Nigeria (CBN), Abeokuta Branch. Policemen in the early hours of Monday, deployed operatives to the Apex bank branch at Okelewo, Abeokuta to avert possible attacks by criminal elements. It was gathered that there was an intelligence report that some …
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The Director-General, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, Mr Sola Obadimu, said the Central Bank of Nigeria, CBN, should have introduced the N5,000 note rather than redesigning old notes. According to the News Agency of Nigeria, NAN, Obadimu disclosed this on Monday. He spoke amid …
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A former National Chairman of the All Progressives Congress, APC, Adams Oshiomhole has claimed that the Central Bank of Nigeria, CBN, deceived President Muhammadu Buhari with the redesign of the Naira notes. Oshiomhole, speaking on Channels Television’s ‘The 2023 Verdict’ aired on Sunday, claimed that the policy was aimed at …
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