Naira Scarcity: Customers lament as banks resume operations after election

Residents of Osogbo, the Osun State capital, have continued to experience scarcity of Naira notes even as the February 25 presidential and National Assembly elections have been concluded. The majority of the banks operating in Osogbo only opened for business to attend…

BREAKING: CBN orders banks to collect old N500, N1,000 notes

The Central Bank of Nigeria has ordered banks to start collecting the old N500 and N1,000 notes from the public with immediate effect. It, however, pegged the maximum amount the banks can collect at N500,000. The CBN maintained that the old currencies…

BREAKING: Banks will still accept old notes after deadline – Emefiele tells Reps

Nigerians with old notes can still deposit them at commercial banks even after the February 10 deadline, this is according to the Central Bank Governor, Godwin Emefiele. Emefiele stated this on Tuesday while appearing before the House of Representatives ad hoc committee.It…

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