Tag: Naira Notes
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BREAKING: Tinubu vows to review Buhari’s Naira Swap Policy, old, new notes to remain
…to unify exchange rates President Bola Ahmed Tinubu has said that his administration will review the recent currency swap policy of the Central Bank of Nigeria (CBN) and old and new notes to remain in circulation. The president stated that the application of the currency swap by the apex bank was too harsh considering…
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Banks comply with CBN’s directive to work weekends
Banks in satellite towns of the Federal Capital Territory (FCT), on Saturday opened for business as directed by the Central Bank of Nigeria (CBN). A correspondent who monitored some banks in the Territory, reports that huge crowds of customers were seen at banks’ Automated Teller Machines (ATM) galleries.
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Islamic body urges FG to make naira notes available during Ramadan
The Jama’atu Izalatul Bid’ah Wa Iqamatus Sunnah (JIBWIS) in Bauchi State, on Friday, appealed to the Federal Government to make naira notes available during Ramadan. The Chairman, Tafsir Committee Kasuwan Shanu JIBWS mosque, Alhaji Hassan Gwani, made the appeal during the opening of this year’s annual Ramadan tafsir. He said, “Ramadan is here again and…
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Lagos residents share ordeal after accepting old notes from banks
Some Lagos residents have expressed regrets for collecting the old N500 and N1,000 notes from commercial banks, after the Supreme Court judgment validating it as legal tender till Dec. 31. In separate interviews that it had been challenging spending the two old notes as Nigerians
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Rally: APC denies Tinubu throwing Naira notes at Lagos crowd
Lagos State Chapter of APC has described as fake, a report that the party’s Presidential Candidate, Sen. Bola Tinubu, threw Naira notes at a crowd in Lagos on Tuesday during the party’s grand finale rally. The rally was held at the Teslim Balogun Stadium, Surulere, Lagos.
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Only N200 old notes to be reissued, circulated – CBN
The Central Bank of Nigeria (CBN) says only N200 old notes are to be reissued and circulated concurrently with the new notes in line with the directives of President Muhammadu Buhari. The bank restated this in a statement jointly signed by Mr Edward Adamu, Deputy Governor, Corporate
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SERAP drags Buhari to court over ban on old N500, N1,000 notes
The Socio-Economic Rights and Accountability Project, SERAP, has filed a lawsuit against President Muhammadu Buhari over “the unlawful directive banning the use of old N500 and N1,000 banknotes, contrary to the interim injunction granted by the Supreme Court that the old N200, N500, and N1000 notes remain legal tender.” Joined in the suit as defendants…
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Buhari acted on wrong advice over N500, N1000 notes – Keyamo
The spokesperson for the All Progressives Congress Presidential Campaign Council (APC-PCC), Festus Keyamo, has said that President Buhari acted on a wrong advice to his directive on the naira swap policy. Recall that on Thursday, February 16, President Buhari in a national broadcast on the controversial policy
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Police warn protesters against disturbing public peace on Lagos-Abeokuta Expressway
The Police Command in Ogun on Friday, warned protesters against disrupting public peace on Lagos-Abeokuta Expressway. The Police Spokesman in the state, SP Abimbola Oyeyemi, gave the warning while speaking with NAN, in Ota, Ogun. Oyeyemi said the people had the right to protest, but, they should not disrupt public peace.
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Naira scarcity: Drama as man takes N50m old notes in sack bags to CBN (PHOTOS)
An unidentified man has caused a stir in one of the Central Bank of Nigeria (CBN) branches in Kano when he went to deposit N50 million old naira notes. Recall that President Muhammadu Buhari, on Thursday, February 16, 2023, insisted that the old 1,000 and 500 notes are no longer legal tender. Following the directive,…