CBN opens portal for deposit of old Naira notes

The Central Bank of Nigeria, CBN, has opened a portal for the deposit of old naira notes Wednesday, 15th February, 2023. The apex Bank published a notification on their website titled “Redemption of currency notes”. According to the CBN, Nigerians can redeem…

Supreme court restrains CBN from implementing deadline for old Naira notes

 The Supreme Court of Nigeria on Wednesday, 8th February, 2023, has restrained the Federal Government, from implementing the February 10, deadline for the old 200, 500, and 1000 Naira notes to stop being legal tender. A seven-man panel of the Supreme Court…

CBN extends Naira swap from old to new for another ten days

The Central Bank of Nigeria, CBN, has extended the deadline of the swap of the old Naira notes to the newly designed ones from January 31st to February, 10th, 2023. President Muhammadu Buhari CBN Governor, Godwin Emefiele, has announced the ten (10)…