CBN directs banks to start accepting old notes immediately

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…says notes remain legal tender Till Dec 31 Abuja—The Central Bank of Nigeria (CBN) on Monday said old N200, N500, N1,000 bank notes remain legal...

Banks Extend Electronic Money Transfer Levy To Domiciliary Accounts

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NIGERIAN banks will start to charge N50 as an electronic transfer levy from dollar or pound accounts (known as Domiciliary Account). The development comes as...

Cashless Policy: See CBN’s Fresh Operational Guidelines

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The Central Bank of Nigeria (CBN) on Wednesday issued operational guidelines for open banking in the country. The guidelines establish principles for data sharing across...

Reject old Naira notes and go to jail, Kogi govt warns residents

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Kogi State Government has ordered the arrest of residents who are rejecting the old naira notes. In a statement on Friday, Kingsley Fanwo, the State...

Supreme Court ruling: Uncertainty as banks wait on CBN

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….We can’t re-issue old notes without CBN directive — Banks Stakeholders in the   financial sector and  banks are divided over re-issuance of the old naira...

Darlon Lauds 5 Battalion, Elele Cantonment For Combating Illegal Bunkering In Niger Delta

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The management of Darlon Oil and Gas Limited has commended officers and personnel of the 5 Battalion, Elele Cantonment, of the Nigerian Army, for...

Supreme Court fixes judgment for March 3 on cash swap

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The Supreme Court has fixed judgment for March 3 in suits filed by some States against the naira swap policy of the Federal Government. A...

BREAKING: Buhari approves continued use of old N200 notes

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President Muhamamdu Buhari has approved the continued use of the old N200 notes. The old N200 notes will co-exist with the new N200 notes, the...

Old naira notes remain legal tender – Supreme Court

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The Supreme Court has said its February 8 order barring the Federal Government and its agencies from enforcing the February 10 deadline for the...

Governors Order Arrest Of Anyone Rejecting Old Naira Notes

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Niger State governor, Abubakar Sani Bello, has directed security agencies in the state to immediately arrest those rejecting the old Naira notes. A statement issued...
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