Tag: Naira redesign
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Lagos Govt To End 50% Reduction In Bus Fares April 1
The Lagos State Government has announced the cancellation of the 50 per cent slash in the fares of buses owned by the state. The announcement is contained ... -
Cash crunch may linger for another two weeks’
The Central Bank of Nigeria (CBN) has hinted that it will take about two weeks for the cash drought across the country to ease. A staff ... -
CBN instructs banks to open Saturdays, Sundays
Central Bank of Nigeria has directed all commercial banks to open for operation on Saturdays and Sundays, as part of a coordinated effort to ease circulation ... -
CBN to flood banks with old Naira notes
The Central Bank of Nigeria (CBN) moved last night to end the biting cash scarcity. It plans to flood the banks with more old N1000 and ... -
Naira Crisis: NLC Directs Workers To Protest At CBN Offices Nationwide
The Nigeria Labour Congress (NLC) has directed all workers to protest at all the offices of the Central Bank of Nigeria (CBN) nationwide starting next week ... -
Old Naira Notes: GTBank, Others Limit Cash Withdrawal To N10,000
The Central Bank of Nigeria (CBN) has fully complied with the Supreme Court ruling ordering it to restore old naira notes to circulation but Guaranty Trust ... -
Lagos to shut down banks rejecting deposits of old naira notes
Governor Babajide Sanwo-Olu has directed businesses in Lagos to collect the old naira notes or face sanction. Mr Sanwo-Olu, in a statement on Monday, directed residents ... -
Buhari finally speaks on cash crunch crisis, says CBN, AGF disregarding Supreme Court orders
President Muhammadu Buhari has finally weighed in on the cash crunch crisis ravaging the country in the past few weeks, following the Supreme Court Judgement allowing ... -
No information on Supreme Court ruling, says CBN
For the second time since the Supreme Court ruled that the old N200, N500 and N1,000 notes will remain legal tender until December 31, the Central Bank ... -
Naira scarcity: Man arrested with fake N250,000 new notes in Ekiti
Operatives of the Ekiti State Amotekun Corps have arrested a man, identified as Celestine, with counterfeited new N1,000 notes amounting to about N250,000. Celestine, who claimed ...