President Buhari extends deadline of the ongoing currency swap by ten days

President Muhammadu Buhari yesterday approved extension of the ongoing currency swap by ten days, moving the deadline from January 31, 2023 to February 10, 2023. President Buhari gave the approval at a meeting with the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, urging more time, discretion and order to enable Nigerians successfully […]

CBN denies scarcity of the new naira notes

The Central Bank of Nigeria (CBN) has denied scarcity of the new naira notes as alleged by some Nigerians and advised that faulty currencies be returned to banks for replacements. The CBN Governor, Godwin Emefiele, represented by Musa Jimoh, Director, Payment System Management Department of the bank, denied the allegation in a news conference on […]

Nigeria Senate battles CBN over old naira notes’ deadline

The Senate and the House of Representatives has again called for the extension of the deadline set by the Central Bank of Nigeria (CBN) as the expiration date for the old N200, N500 and N1000 notes. Correspondent, Raliat Adenekan and Nathan Williams reports that the 2 legislative chambers of the national assembly urged the President […]