Tag Archives: notes

As Nigerians continue to feel the pains of the Naira swap crisis, the apex court, Supreme Court has said its February 8 order barring the Federal Government and its agencies from enforcing the February 10 deadline for the use of old 200, 500 and 1000 naira notes still subsist. The court made the clarification on Wednesday following complaint by lawyer ...

The apex bank, the  Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) against the practice of circulating composed banknotes which is part of their deposits with the apex bank. The apex bank has expressed concerns over the increasing number of these composed banknotes which the members of the public usually request for their replacement. Composed banknotes are ...

The Central Bank of Nigeria, CBN, has warned against the act of spraying the Naira notes in the public. The CBN spokesman, Isaac Okorafor, who said this on Thursday in a statement. Acccording to him, defaulters would be jailed for not less than six months and would be given the option of a N50,000 fine. He added that the CBN ...