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...
In a recent national broadcast, Nigerian President Muhammadu Buhari announced that the country has successfully retrieved N2.1 trillion from banknotes previously held outside the banking sector....
The President explained that the old notes have been phased out to strengthen the economy, enhance security, and block leakages associated with illicit financial flows.
A new monetary policy introduced by the Central Bank of Nigeria (CBN) has sparked violent protests in several states, including Edo, Delta, and Oyo.
The Lagos State Government, led by Governor Babajide Sanwo-Olu, has issued a stern warning to anyone rejecting old naira notes as legal tender. The government has...
