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Old N500, N1000 no longer legal tender, says Buhari as more banks shut doors over Naira scarcity

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Against the grain of the Supreme Court order that old Naira notes should continue to be used in the country, President Muhammadu Buhari has...
Business

Scarcity of Naira forces Abuja UBA branch to shut out customers as two banks on fire in Benin & Ibadan boils

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As tensions over the growing cash crunch continued, the oldest branch of the United Bank for Africa (UBA) Plc in Area 3, Garki District...
Business

Nigeria’s Inflation jumps 0.47% to 21.82%, reaches 17-Yr peak

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Life was tougher and more brutish for Nigerians last month, because contrary to expectations that the annual inflation rate in Nigeria will peak at...
Business

Confusion continues Supreme Court adjourns & CBN governor insists no going back on deadline

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The Supreme Court has adjourned for another week, amid desperation by Nigerians, the suit filed by three state governments seeking to stop the Central...
Business

Cash for sale at CBN’s Naira’s “new parallel market”

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By Kelechukwu Mgboji (InsideBusiness.ng) “In my lifetime I have seen Naira being bought by Naira in Nigeria! This is the lowest of low!! “I don’t know...
Business

Supreme Court order or not, CBN says N200, N500, N1000 Naira no longer legal tender

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There was palpable confusion in Abuja on Tuesday as many commercial outlets declined collecting old N200, N500, and N1,000 notes despite a scarcity of...
Business

Tinubu wants old, new notes to be used for a year

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Bola Ahmed Tinubu, the presidential candidate of the All Progressives Congress (APC), wants the Central Bank of Nigeria (CBN) to allow old and new...
Business

CBN Debunks False Claims About Capacity of NSPMC Plc, Alleged Threats To Close Some Deposit Money Banks 

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The attention of the Central Bank of Nigeria (CBN) has been drawn to a misleading report misquoting the Governor, Mr. Godwin Emefiele, as attributing...
Business

National Council Of State endorses currency redesign policy, asks CBN to flood notes

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The National Council of State has endorsed the currency redesign policy introduced by the Central Bank of Nigeria (CBN), adding that it should make...
Business

Council of State to CBN: Print more new Naira notes or recirculate old ones

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The meeting of the Council of State presided over by President Muhammadu Buhari which held in Abuja on Friday has directed the Central Bank of...
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