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Updated: S’Court suspends CBN’s Feb.10 deadline for old Naira notes

Ihesiulo Grace 9 February 2023 0

By Andrew Orolua The Supreme Court on Wednesday temporarily ordered the suspension of the February 10 deadline for the use of the old N200, N500, and N1000 banknotes. Justice John Okoro while ruling on the ex-parte application brought by counsel to three states government (Kaduna, Kogi and

Business

CBN highlights security features of new notes

Ihesiulo Grace 27 December 2022 0

The Central Bank of Nigeria CBN, has highlighted the security features of the newly redesigned N200, N500 and N1,000 notes. The disclosure was announced amid rumours that counterfeit units of the new notes are in circulation. The bank had on December 6 announced its plans to redesign the naira notes as part of efforts to […]

Business

Naira rebounds as CBN lifted forex market with $210m

Ihesiulo Grace 21 November 2017 0

….FG welcomes latest GDP growth of 1.40% in Q3 The Nigerian currency, Naira, on Monday, rebounded at the official foreign exchange market, just as the Central Bank of Nigeria (CBN) lifted the forex market with total injection of $210 million. In a clear indication of ongoing progress, the Nigerian economy has improved further, according to […]

News Nigeria

Edo Assembly receives petition on Bank’s ATM dispensing fake currency

Ihesiulo Grace 7 September 2017 0

The Edo State House of Assembly on Tuesday in Benin, the state capital, received a petition against one of the commercial banks in the state (name withheld), whose Automated Teller Machine (ATM) allegedly dispenses fake Naira notes. The petitioner, Mr. Charles Ajiboye, said he visited the bank’s ATM at the Oba Market in Benin on […]