CBN Issues New Directive to Banks Following Supreme Court Ruling on Old Naira Notes
In response to the recent Supreme Court ruling validating the use of old N200, N500, and N1,000 notes, the Central ...
Tag: legal tender
Naira Scarcity Grips Nigeria Despite Central Bank’s Assurances
In a surprising turn of events, reports of a scarcity of the Nigerian currency, the naira, have surfaced across the ...
CBN Affirms: Old Naira Notes Still Remain A Legal Tender
In response to recent reports of cash shortages in major cities and concerns about the legality of old Naira banknotes, ...
Femi Falana Takes CBN to Court Over Dollarization of Economy
Prominent human rights activist and senior lawyer, Mr. Femi Falana, has taken the Central Bank of Nigeria (CBN) to court, ...
Resurgence of Cash Hoarding in Nigeria Raises Concerns.
Following the relaxation of currency redesign and cashless measures by the Central Bank of Nigeria (CBN), indications suggest that Nigerians ...
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