New notes

CBN governor, bank chiefs on a collision course over amount of new notes

The cash crunch that hit most banks in the country since Monday, January 30, 2023 continued yesterday as banks said…

2 years ago

New naira scarcity: Sokoto, Zamfara, Katsina border residents trade in CFA

Residents of border communities in states including Sokoto, Zamfara, Katsina, Adamawa and Kwara have opted for the CFA franc following…

2 years ago

Banks to pay N1m fine daily for not picking new naira notes

The Central Bank of Nigeria (CBN) says  commercial banks are now being fined  N1 million per day for each box…

2 years ago

CBN to sanction banks still loading ATMs with old notes

'Sell new naira notes, go to jail' The Central Bank of Nigeria (CBN) says it will sanction banks that continue…

2 years ago

Deadline to exchange old naira notes remains Jan 31 – CBN

The Central Bank of Nigeria (CBN) has declared that the deadline for exchange of the old naira notes for new…

2 years ago