Tag: banks
Naira scarcity: Reps order CBN, banks to overhaul online, transfer platforms
The House of Representatives has asked the Central Bank of Nigeria (CBN) to direct commercial banks in the country to urgently overhaul their online...
CBN returns old naira notes to banks, cancels withdrawal limits
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to begin the disbursement of old N200, N500, and N1,000 notes to...
Concerns as banks run out of old, new naira notes
Barely three days after the Central Bank of Nigeria (CBN) declared old N200, N500, and N1,000 as legal tender, some commercial banks in the...
Emefiele advises Central Banks on regulation amidst lenders’ collapse
Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has urged the Governors of Central Banks and other African financial sector regulators to be...
Sanwo-Olu to Lagosians: Collect, spend old naira notes
Governor Babajide Sanwo-Olu has directed Lagos State residents of the state to go ahead and have transactions with the old Naira notes, saying Lagosians...
Adeleke to banks: Stop issuing old naira notes to customers
Osun State Governor, Ademola Adeleke, has warned commercial banks in the state to stop issuing old naira notes to customers if they will not...
CBN directs banks to dispense, accept old naira notes
The Central Bank of Nigeria (CBN) has ordered commercial banks to start dispensing and accepting old N200, N500, and N1,000 notes from customers across...
Soludo: I’ll shut banks rejecting old naira notes in Anambra
Anambra State Governor, Chukwuma Soludo, has told the residents of the state to report any bank that refuses to accept old N200, N500, and...
Lagos residents lament after accepting old naira notes from banks
Some Lagos residents have expressed regrets for collecting the old 500 and 1,000 naira notes from commercial banks after the Supreme Court judgement validating...
Bello threatens to seal banks, prosecute those rejecting old Naira notes
Governor Yahaya Bello of Kogi has threatened to arrest and prosecute those rejecting the old Naira notes.
The threat was contained in a statement issued...
