Tag: Old Notes
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CBN releases more old notes to DMBs, as banks confirm receiving more cash
As the Central Bank of Nigeria (CBN) steps up efforts to flood the economy with more cash after a prolonged cash crunch that has made life difficult for millions of Nigerians and residents, the apex bank has released more old notes to Deposit Money Banks (DMBs). The CBN had on Thursday begun the release of…
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Bank should stop issuing old notes to customers – Gov. Adeleke
Gov. Ademola Adeleke of Osun, has warned commercial banks in the state to stop issuing old naira notes to customers, if they will not accept it back as deposits. This is contained in a statement by his spokesperson, Malam Olawale Rasheed, on Monday in Osogbo.
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CBN has approved use of old Naira notes – Soludo reveals
Chukwuma Soludo, Anambra governor, says the Central Bank of Nigeria (CBN) has directed commercial banks to pay out old and new naira notes to customers. Soludo, in a statement he personally signed, said Dr Godwin Emefiele, the CBN Governor, had personally confirmed the development to him in a phone conversation on Sunday night after a…
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Ekiti govt to arrest, prosecute traders rejecting old naira notes – Oyebanji
Gov. Biodun Oyebanji of Ekiti has said the government would arrest and prosecute traders and service providers who reject the old N500 and N1000 denominations. In a statement issued by his Special Adviser on Media, Mr. Yinka Olubode, and made available to newsmen on Saturday in Ado-Ekiti, Oyebanji appealed to traders and business owners in…
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Kogi government orders arrest of persons rejecting old naira notes
The Kogi State Government has given ordered security personnel to arrest persons rejecting old naira notes in the state. He emphasized that Individuals and businesses rejecting the old notes would be prosecuted accordingly. A statement by Commissioner for Information, Kingsley Fanwo congratulated Nigerians on the “historic ruling of the Supreme Court”.
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Abuja, Lagos banks accept old 500 and 1000 naira notes
The banks in Abuja and Lagos are gradually obeying the Supreme Court order to issue old N200, N500 and N1,000 notes. Many banks in the city centre and satellite towns have started complying with the order. Over the counter, the banks issued cash to their customers ranging from N5,000 to N20,000 depending on the bank.…
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Banks are now paying old notes, new notes – CBN
The Central Bank of Nigeria has stated said that commercial banks have started issuing both old and new Naira notes The Acting Director of Corporate Communications CBN, Dr. Isa Abdulmumin disclosed this on Tuesday.
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President Buhari urged to adhere to supreme court ruling – Financial expert, Idakolo
An Economic expert, Gbolade Idakolo has appealed to president Buhari to give directive to the Governor of the Central Bank of Nigeria, Godwin Emefiele, to obey the supreme court’s judgment on the validity of the old naira notes.
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![[Just In] Naira swap: Supreme Court adjourns judgement to March 3](https://thenewsguru.ng/wp-content/uploads/2023/02/Supreme-Court.jpeg)
[Just In] Naira swap: Supreme Court adjourns judgement to March 3
The Supreme Court has adjourned judgement in the new naira policy suit to March 3, 2023. The court, which heard the case on Wednesday, was filled to capacity with a retinue of Senior Advocates of Nigeria and other lawyers. The Court had temporarily banned the implementation of the February 10 deadline of the CBN from…
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Banks not authorised to accept old N500, N1,000 notes – CBN
The Central Bank of Nigeria (CBN), has described as false, news going round that it authorised Deposit Money Banks (DMBs) to accept the old N500 and N1,000 banknotes. The news that the apex bank authorised DMBs to accept t