Breaking! CBN Bows; Asks Banks to Accept N1000, N500 Notes
The Central Bank of Nigeria has ordered banks to start collecting the old N500 and N1,000 notes from the public with immediate effect. It, however, pegged the maximum amount the…
It’s security feature – Nigerian government explains why new Naira notes leave ink when rubbed on white surfaces
The Nigerian Security Printing and Minting (NSPM) Plc has explained reasons why redesigned naira notes leave ink when rubbed on white surfaces. The company, also referred to as The MINT,…
BREAKING: CBN Increases Weekly Cash Withdrawal Limits
The Central Bank of Nigeria (CBN) has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5million, respectively. The CBN…
BREAKING: FG Stops Cash Withdrawals From Public Accounts
The Federal Government is to activate the stoppage of cash withdrawal from all public accounts with immediate effect. In place of cash withdrawals, public officers are to open domiciliary accounts…
JUST IN: CBN Releases Security Features Of New Naira Notes
In a bid to protect Nigerians from falling victim of counterfeiters, the Central Bank of Nigeria, CBN, has released details and position of the security features in the new naira…
Buhari Declares Support For CBN’s Move To Redesign Naira Notes, Gives Reason
President Muhammadu Buhari has declared support for the move by the Central Bank of Nigeria to redesign the three largest denominations of the naira. According to a Sunday statement by…
Breaking: FG disowns Emefiele over plan to redesign Naira
Barely Forty Eight hours after the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele announced that the apex bank would redesign the country’s currency December 15, 2022, the Federal…
Court orders Polaris Bank to pay customer N500,000 over failed N61,000 POS transaction
An High Court in Anambra state has ordered Polaris Bank to pay a customer N500,000 as damages for the bank’s failure to reverse a failed Point of Sales (POS) transaction…