new naira notes

The Central Bank of Nigeria (CBN) issues a stern warning to banks concerning the proliferation of counterfeit naira banknotes, particularly in major cities. The acting director of corporate communications, Hakama Sidi Ali, emphasized the prevalence of these fake notes in transactions within...

Former President Muhammadu Buhari addressed the contentious Naira redesign policy that triggered a cash crunch crisis in Nigeria. Speaking for the first time since leaving office six months ago, Buhari revealed that he endorsed the policy to safeguard his integrity and underscore the principle...

In response to reports of cash shortages in some major cities across Nigeria, the Central Bank of Nigeria (CBN) has taken a resolute stance to ensure that old and redesigned naira notes continue to be recognized as legal tender nationwide. The CBN reaffirms that every banknote it has issued...

The Central Bank of Nigeria (CBN) has extended the validity of old N200, N500, and N1000 naira notes, defying its earlier announcement that these banknotes would cease to be legal tender by December 31, 2023, in compliance with a Supreme Court verdict. This decision comes after former CBN...