Tag: new notes
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New Notes: Australia to redesign currency, set to remove Queen Elizabeth’s image
Australia government has concluded plans to remove the British monarch from its banknotes, with no plans of replacing her successor on the new notes. According to the Australian government, it would be replacing the late Queen Elizabeth II’s image on its $5 note, saying the new notes will come with a design honouring Indigenous culture, in…
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New Notes: Emefiele reels out benefits, says Naira already stabilizing
It’s no longer news that the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has announced the extension of deposit of old notes at the bank to the 10th of February, 2023. The extension became necessary following the inability of banks and POS operators to dispense the new note and the difficulty experienced by Nigerians…
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2023: Tinubu berates president Buhari’s administration over fuel scarcity, new notes
The presidential candidate of the All Progressives Congress, (APC) Bola Tinubu, has berated the administration of President Muhammadu Buhari over the new naira redesign and the fuel scarcity that has persisted for many months now.
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Governors set up committee to work with CBN on new notes
The Nigeria Governors’ Forum (NGF) has set up a six-member committee to engage the Central Bank of Nigeria (CBN) to address anomalies in the country’s monetary management and financial system. The forum disclosed this in a communique issued on Saturday
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Banks sabotaging efforts on new notes – CBN
The Central Bank of Nigeria (CBN) has blamed commercial banks for sabotaging its efforts in replacing mutilated notes with new ones in the country. Mr Isaac Okorafor, Acting Director, Communications Department of the CBN, made the allegation in Lagos on Thursday in an interview. Okoroafor was reacting to lamentation from Nigerians on the high level…