Kaduna State Governor Nasir el-Rufai has accused the Central Bank of Nigeria (CBN) of withdrawing N2 trillion from circulation and replacing it with only N400 billion,...
A large crowd has gathered at the Central Bank of Nigeria (CBN) office in Marina, Lagos, as Nigerians attempt to swap old N500 and N1000 notes...
Nigerians are currently in a state of confusion over where to deposit their old N1000 and N500 notes. This development comes after conflicting announcements from Deposit...
The Central Bank of Nigeria (CBN) has directed commercial banks to collect old N500 and N1000 notes from their customers who have enrolled and generated reference...
Nigeria’s Lagos-Ibadan Expressway has been thrown into chaos, as protests broke out over the scarcity of naira currency notes. The protests, which began on Friday morning,...
This scarcity of foreign currency may lead to payment delays, which could potentially constrain the banks' ability to repay their own foreign currency liabilities.
The CBN has urged Nigerians to take advantage of this opportunity to deposit their old notes and obtain new ones.
For many Nigerians, the hardship occasioned by the decision of the Central Bank of Nigeria (CBN) to redesign some higher denominations of the nation’s currency is...
The old N200, N500 and N1000 naira notes are no longer legal currencies in Nigeria since February 10, 2023, the Central Bank of Nigeria (CBN) has...
As scarcity of naira notes worsens across the country following the cash redesign and swap policies of the Central Bank of Nigeria (CBN), governors of the...