Naira notes
Banking & Finance Economy

CBN directs banks to dispense, receive old notes

The Central Bank of Nigeria (CBN) has directed commercial banks to start disbursing and receiving old naira notes in compliance with the Supreme Court’s directive. The Apex bank issued the directive, on Sunday night, after a meeting of the Bankers Committee. Godwin Emefiele, CBN Governor chaired the meeting. Gov Chukwumeka Soludo of Anambra State confirmed […]

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Banking & Finance Economy

CBN redesigns N200, N500, N1,000 notes

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Wednesday announced plans by the Apex bank to redesign the N200, N500, and N1,000 notes. Emefiele made the announcement during a special press briefing in Abuja. He said that the redesign would take effect from Thursday, Dec. 15. He also said that existing […]

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