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...
On Friday, what started as a peaceful protest against naira scarcity turned violent as hoodlums hijacked the demonstration to rob residents and business owners in Port...
Nigeria’s recent policy of introducing new naira notes has caused chaos and unrest in Lagos State, specifically on the popular Lagos-Ikorodu expressway. The policy has caused...
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.
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...