Naira note
13 Mar
Lagos State governor, Babajide Sanwo-Olu, has said old N500 and N1,000 notes remain legal tender and urged Lagosians not to reject them. Sanwo-Olu in a statement by information commissioner Gbenga Omotosho said the controversy around the validity of naira notes has affected a lot of businesses and commercial activities. “The Lagos State Government has noted…
25 Jan
Traders, operators of Point On Sale (POS), and commercial motorcycle and tricycle operators have started rejecting the old N200, N500 and N1000 currency notes in Gombe State. Commercial motorcycle and tricycle operators in the state metropolis now demand transfer from passengers rather than accept the old notes. Aside from these, many filing stations too have…
24 Jan
The Senate on Tuesday urged the Central Bank of Nigeria (CBN) to soft-pedal on its deadline for phasing out old Naira notes fixed for the end of January but to extend to July 31, 2023. The apex bank had, on December 15, commenced circulating newly redesigned N200, N500, and N1000 notes and set January 31,…
23 Nov 2022
President Muhammadu Buhari on Wednesday officially unveiled the newly redesigned naira denominations of ₦1000, ₦500 and ₦200 introduced by the Central Bank of Nigeria (CBN). The newly redesigned naira launch preceded the weekly Federal Executive Council (FEC) held inside the Council Chamber of the Presidential Villa, Abuja. Fielding questions from newsmen after the event, CBN…
28 Oct 2022
Barely two days after the Central Bank of Nigeria (CBN) announced the redesigning of the Naira billed for December 15, 2022, the Minister of Finance, Budget and National Planning, Zainab Ahmad, has disowned the policy The Minister responding to a question raised by Senator Opeyemi Bamidele (APC Ekiti Central) during 2023 budget defence session with…
27 Oct 2022
The Conference Of Nigeria Political Parties (CNPP) has commended the Central Bank of Nigeria (CBN) over its decision to redesign the country's denominations of the Naira notes N200, N500, and N1,000 banknotes ahead of the 2023 general elections, saying that only vote buyers will criticise the plan. The CNPP in a statement by its Secretary…
26 Oct 2022
The Central Bank of Nigeria (CBN) on Wednesday announced plans to redesign the 200, 500, and 1,000 naira notes. CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in Abuja. Emefiele said the redesign will take effect from Thursday, December 15, 2022. He also said that existing notes would seize to be regarded…
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