Business

Commercial institutions are now required by the Central Bank of Nigeria to accept and distribute old naira notes as legal tender everywhere in the nation. According to a statement made on Monday by the interim director of CBN Corporate…
Read More...

The Presidency Monday evening said the Central Bank of Nigeria had no reason not to comply with the ruling of the Supreme Court on the naira redesign policy. It stated that the President, Muhammadu Buhari did not instruct the CBN…
Read More...

State governments, which sued the Federal Government on the naira redesign policy, have given the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, and the Central Bank of Nigeria Governor, Godwin Emefiele,…
Read More...

Customers of a commercial bank in Ibadan on Monday rejected the old 500 and 1000 old Naira Notes paid to them over the counter by officials of the banks for the fear of the old notes not being accepted as a legal tender. A staff of the…
Read More...

Governor of Rivers State, Nyesom Wike has commended residents of Oyo state and Governor Seyi Makinde for supporting the return of power to the south in the just concluded presidential election. He said this during the Inauguration of an…
Read More...

The Supreme Court on Friday ordered that old N200, N500, N1,000 notes remain in circulation till December 31, 2023. The apex court also nullified the Federal Government’s naira redesign policy, declaring it as an affront to the 1999…
Read More...

The Supreme Court, on Wednesday, fixed March 3 to deliver its judgement on the consolidated suit that states filed to set aside the decision of the Federal Government to ban the use of old N200, N500 and N1000 banknotes as valid legal…
Read More...

Ogun State Governor, Prince Dapo Abiodun has charged the relevant security agencies to ensure that perpetrators of the recent arson and wanton destruction of public property in Sagamu area of the state are arrested and prosecuted.…
Read More...

Oyo state governor Engineer Seyi Makinde has flagged off the 4.7 kilometres Odo-Ona Kekere-Arapaja-Asunle Road in Oluyole Local Government area of the state. The flag off ceremony of the road took place when the governor took his…
Read More...

The Central Bank of Nigeria (CBN) has denied reports making the rounds that it has authorized deposit money banks to collect the old N500 and N1,000 banknotes. This was contained in a statement issued by Osita Nwanisobi, CBN’s Director…
Read More...