Tag: naira
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Banks issuing old naira notes but rejecting them
Deposit Money Banks (DMBs) across the country yesterday began rejecting deposits of old naira notes (N1,000 and N500), after paying customers, forcing business owners,...
Naira scarcity continues despite Supreme Court judgment
The judgement by the Supreme Court extemding old naira note payment has not had a single positive effect on the masses has Nigerians' hope...
Banks start payment of old 500, 1,000 naira notes
Following the Supreme Court judgment, which extended the validity of the Central Bank of Nigeria currency redesign policy to December 31, some banks across...
Naira Redesign: Banks’ cash withdrawal limit is illegal – Supreme Court
The Supreme Court has adjudged the cash withdrawal limits imposed by banks as a result of scarcity of currency notes in circulation as a...
Naira redesign: Buhari apologises for hardship caused to citizens
President Muhammadu Buhari has apologised to Nigerians over the cash crunch caused by the naira redesign policy of the Federal Government.
The apology came following...
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