Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele on Tuesday appeared before the ad hoc committee of the House of Representatives on the cashless policy and deadline for the replacement of old naira notes. The House threatened to invoke the provisions of section 89(1)(d) of the Constitution by issuing a warrant of arrest…

The Department of State Services (DSS) has intercepted some members of organised syndicates involved in selling the newly redesigned naira notes. DSS spokesperson, Peter Afunanya, disclosed this in a statement on Monday. Afunanya said the DSS in the course of its operations in parts of the country established that some commercial bank officials were aiding…

The Central Bank of Nigeria (CBN) has extended the deadline for the exchange of old naira notes by 10 days. CBN governor Godwin Emefiele in a statement said the new deadline is Friday, February 10, 2023. Emefiele made the announcement after meeting President Muhammadu Buhari who is on a working visit to Katsina State. READ…

President Muhammadu Buhari says the CBN has his support to launch new designs and replace high value naira notes.

A total of 67,265 banknotes with a nominal value of N56.8 million were confiscated last year, the 2020 yearly report of the Central Bank of Nigeria (CBN) has revealed.