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 Zamfara) agreed that the given situation is one […]
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 […]
….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 […]
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 […]