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Article summary President Tinubu said he will review the naira redesign policy of the CBN. This may see the old naira notes remaining legal tender for...
Article summary 74% of respondents in Nigeria’s commercial capital of Lagos were affected negatively by naira scarcity. Many respondents said they found transporting and feeding more...
Article summary The percentage of those who said their enterprise was significantly impacted totalled 76.09%. 96% had to lay off staff or reduce working hours to...
Key Highlights: CBN says speculation is unfounded and a ploy by some interests to cause panic among members of the public. They have been taking delivery...
Key highlights: New notes became necessary because currency management in Nigeria faced several challenges. Traditional rulers urged to enlighten residents on the use and implementation of...
Prof Kingsley Moghalu, a former Deputy Governor of the CBN warned that the terrible suffering & economic loss Nigerians experienced with the Naira redesign and the...
The office of the Presidency revealed that President Muhammadu Buhari did not tell the CBN Governor to defy the Supreme Court order following the naira redesign....
The Nigerian Central Bank (CBN) must inform Nigerians that the old currency notes [alongside the new notes] remain legal tender until the 31st of December 2023,...
The Centre for the Promotion of Private Enterprise (CPPE) revealed that the claim by the CBN that the economy has too much cash outside the banking...
Earlier today, the Supreme Court of Nigeria ruled that the old N200, N500, and N1,000 notes will remain in circulation till December 31, 2023. The apex...